Hi Guys,The more I look at it, the more I am inclined to vote...

Hi Guys,

The more I look at it, the more I am inclined to vote YES FOR the take-over of Lundin.

I think that Equinox management was ahead of the pack with the take-over of Lundin, and it shows, as more and more bullish reports on copper are being published.

Equinox has now an opportunity of a life time by becoming twice the size for a relative small outlay of money, if you look at where copper prices will be in the next couple of years.

They are not throwing money onto a mine that is not proven and not producing, but at an existing mining house that is producing from a number of mines and making good profits.

These profits will go straight towards paying of the newly aquired debt component.

I have made up MY mind, and will vote YES for the LUNDIN TAKE-OVER.

But I am still not sure that my vote will count as Equinox may not be around much longer if a higher bid emerge.

good luck to all

jojo


Read the following article about copper positive and negative side.


Saturday, 09 April 2011 00:00
The global copper market is likely to remain in a supply and demand deficit during 2011 and the metal is expected to hit fresh record highs in the H2 of the year.


The metals consultancy GFMS said that still, a noteworthy correction may well occur ahead of any new peaks. The consultancy released its Copper Survey 2011 in Santiago of Chile in conjunction with the CESCO Week annual industry gathering.
GFMS estimated that the copper market went into deficit in the second half of last year after a small surplus in the first six months of 2010. The swing into deficit was the result of accelerated growth in mature economies? consumption, further increases in Chinese offtake and lackluster mine-production growth. Even though increased secondary production boosted total refined output, global refined consumption exceeded supply by 286,000 tons, GFMS said.
Mr Nikis Kavalis senior copper analyst said that ?The sharp improvement in copper fundamentals rekindled investor interest in copper after a period of relative weakness in the aftermath of the European sovereign debt crisis. Copper hit a series of record highs in 2010 and early 2011 peaking at USD 10,148 per tonne on February 14.
GFMS said that global refined consumption should remain strong in 2011 helped by continued economic recovery in mature economies as well as strong underlying increases in demand from developing countries led by China. Mine production is also expected to accelerate and scrap volumes should rise further. Still refined production is unlikely to outpace demand this year and the market will remain in deficit at least until year end.
It said that sales from unreported inventories of refined and copper scrap have resulted in a well supplied market in recent months. In addition, the large number of bullish speculative positions means potential for major liquidation should there be any negative news for copper such as European debt problems, geopolitical events industrial production in key consuming nations or Chinese monetary policy. Any such liquidation could mean prices falling well below USD 9,000 per tonne.
Source: Commodity Online


http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=17494:copper-market-to-remain-in-deficit-in-2011-gfms&catid=16:commodity-news&Itemid=78