microcap copper xstrata neighbour on register

I watched a few of the copper speccies run up hard today and bought a few on the close.

Bought for a few reasons:


1) Recent placement done at 1.9cents to sophisticated investors.

1.9C = premium to current share price; esp considering most placements are done at 20%+ discounts.

If you go through recent stocks who have done placements to sophisticated investors, you will find most trading 30%+ the issue price and some over 100% above.

Just a matter of time before URL follow suit


2) Placement insto's sure to run the stock up sometime soon. They all do at some point. And when they do, they do hard...

No insto takes a large placement without thinking it can make a good 50-100% return. A 100% return would be 3.8c off a 1.9c entry.


3) Other copper stocks/pennies had a great day. Its only a matter of time before the market catches on.


4) Chart = gold. Once 2/2.2c is cleared, its off to 3cents.


5) Worst case support at 1.7/1.8c. Best case = 3cents short term. Risk/reward is excellent



Sandy put up a great chart late yesterday afternoon. Have a look...




Regards,
fm