CSD consolidated tin mines limited

The LME is not an accurate representation of tin supply, nor any...

  1. 3,217 Posts.
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    The LME is not an accurate representation of tin supply, nor any other metal. China changed the metals storage and trading scene. Its nolonger an LME dominated market.

    So graphs and supply/demand assumptions and price projections based on LME data are optimistic at best. They remain a part of the puzzle guideline, but jumping to rash assumptions regarding falling LME inventories is just over optimism to date. Nobody knows how much of how many different metals are stored in China. Metals have been used as trading securities and leverage in many Chinese finance deals. These figures arent published, they are guestimates.

    i still dont see that 2 cent buy line priming. You guys waiting till Monday to place yor bids? IMO CSD would be a rough punt keeper for a few $100 spare change under 1 cent if it doesnt actually go broke soon, which is a very real possiblity, as they will need a CR shortly. Have a look at the latest finacials, its obvoius. DYOR but harder to find a metals stock in deeper water than this one.
    Last edited by johnyb26: 27/02/16
 
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