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Thanks - You too Rig.. eom
Very nice add there! eom
It wasn't my order so how would I know.. lol
Just messing with you... Actually cleared out 2 large orders there totaling 300,000 shares. We had a seller thru UBSS this week. Seems cleared out now :)
Nice order just went thru.. eom
Might be a few more slapping the Ask before close...
True. This is something that hasn't been mentioned here yet, but is believed to be in the works... I did update the list again. Thanks for the help.
Thanks very much. Updated list below...
1. Complete financing
2. TSX listing
3. Marketing campaign targeting brokerage houses in Canada
4. 3-5 drill units on site
5. Hire site director
6. Property reassesment of core samples for value
7. Pre-feasibility study
8. Feasibility study
9. (Shock & Awe news)
10. Production
11. U.S.up-listing to Amex
Sweet call! eom
CNYC - Hopefully people are finally taking your advice Rig. TSX listing days away...
Solid buying action there at .39 - Now NITE is going to try and be a wise guy.. lol - He's been somewhat of a prick all the way up from .10 - Yet we still move up with his silliness...
Looking strong! - .39 x .40. Knew PERT didn't have many.
lol - Yep... eom
Definitely! - .39 got a little tap...
Yes, the selling was unexpected. I feel we've cleaned him out by trading nearly 800,000 shares this week... JMHO
True. It appeared to be one large seller keeping us out of the .40's.. Now people are going to have to pay more for shares... I'm grateful to have gotten .32's, but it's time to move on up!
So many things lined up here... TSX listing could come anytime. Ready for the big dawgs to attack these shares once we're up-listed...
Can you feel it? lol
Bids stacking at .36 now...
Could be in the .40's before you know it...
Damn! That's a really nice trade.. keep it up bud...
Somebody wants em'... Bids rising & only one MM on the Ask now.
PERT's on the Ask. Can't have many.. IMHO...
WTG!
Wow! That's exactly what it was...
lol - I would of hoped he did that a long time ago. I tried... Was thinking about him the other day.
That order was for $87,584.
I guess I shouldn't act so surprised. We know where this is headed...
No $hit. Sweet Jesus.. lol
What the Hell was that? Yeah baby.. Flushed out now for sure...
I was going to add my last lot today anyway. Thanks to UBSS generosity I was able to buy at a discount.. lol
Got all I need
.32 now. Hmmm, Wonder what the PPS will be along the way as each item below comes to fruition... A lot higher than .32 - lol
1. Complete financing
2. TSX listing
3. Marketing campaign targeting brokerage houses in Canada
4. 3-5 drill units on site
5. Hire site director
6. Pre-feasibility study
7. Feasibility study
8. (Shock & Awe news)
9. Production
UBSS Seller back at .32. I'm trying to get a small order now..
Damn, I knew there was something else highly positive that I didn't list. I'll update my list now.. Thanks..
CNYC isn't far away from being a Copper producing company.
Listed below is a list of items that I assume we'll hear of as this unfolds. It may not be in this order and there will be more items of interest then listed. JMHO
1. Complete financing
2. TSX listing
3. Marketing campaign targeting brokerage houses in Canada
4. 3-5 drill units on site
5. Hire site director
6. Pre-feasibility study
7. Feasibility study
8. (Shock & Awe news)
9. Production
Exactly. Causing Copper prices to continue moving up breaking record highs.
Pan Pacific, Mitsubishi Buy Copper Overseas to Fill Orders After Temblor
Pan Pacific Copper Co., Japan’s biggest smelter, has joined the country’s producers in buying metal from overseas to fill customer orders after the March 11 earthquake and tsunami curbed domestic output.
“It may last until the Hitachi plant resumes operations later this month,” Pan Pacific spokesman Kouichi Shirai said today. The Tokyo-based company, which exports 30 percent to 40 percent of its total output, halted operations at its Hitachi refinery in Ibaraki, northern Japan, after the disaster.
Smelters in China and South Korea will benefit from a pick- up in demand and from climbing processing fees after the 9- magnitude temblor and 23-foot tsunami forced the suspension of output at smelters and refineries operated by Pan Pacific and other producers of copper, zinc and lead in Japan.
“Producers’ purchases of these metals will underpin prices in London,” said Kim Gyung Jung, an analyst at Eugene Investment & Securities Co. in Seoul. “This will continue until they are able to fully resume operations.”
Japan is the fourth-biggest consumer of copper used in pipes, tubes and wires, and the second-largest buyer of copper concentrate after China. The country imported 5.4 million metric tons of copper concentrate in 2010, up from 4.8 million tons the year before, finance ministry data show.
Distress Sales
Charges to treat and refine copper ore jumped after the disaster curbed smelter and refinery capacity, Macquarie Group Ltd. said in a report March 26. Treatment charges increased to $130 a ton from $60 to $70 before the quake, while refining charges gained to 13 cents a pound from 6 to 7 cents, Macquarie said.
Weaker Japanese demand for copper concentrates would mean treatment and refining charges rise “substantially,” Aurubis AG said in a report March 15. “Deliveries must now be redirected via distress sales to other purchasers,” Aurubis said in the report.
Pan Pacific Copper said yesterday that it plans to produce 257,494 tons in the six months started April 1, down 12 percent from 293,669 tons a year earlier. This compared with 264,485 tons in the six months ended March 31. Output may change because of uncertainty over scheduled power blackouts, it said.
Force Majeure
The Hitachi refinery has an annual capacity of 120,000 tons of copper. The company, a joint venture between JX Holdings Inc. (5020) and Mitsui Mining & Smelting Co., is operating its Saganoseki and Tamano smelters at full capacity.
Mitsubishi Materials Corp. (5711), Japan’s third-largest copper producer, said today it aims to resume partial operations in mid-July at its Onahama smelter. On April 5, the company said it’s buying metal from domestic and overseas markets after declaring force majeure on concentrate shipments on March 14. The smelter produces 220,000 tons to 240,000 tons each year.
On April 1, Sumitomo Metal Mining Co., Japan’s second- largest copper smelter, cut output 12 percent to 354,000 tons in the year from April 1, it said. The company, which has copper capacity of 450,000 tons, will shut its Toyo smelter from Sept. 13 to Nov. 11 for maintenance.
Mitsui Mining & Smelting, Dowa Holdings and Toho Zinc Co., Japan’s top three zinc producers, said March 25 they were importing metal from overseas to replace local supplies.
The total zinc capacity affected was 451,200 tons, according to Bloomberg calculations. The affected capacity includes the Hachinohe, Akita and Annaka smelters. Zinc is used to galvanize steel.
Copper for three-month delivery rose 1.1 percent on the London Metal Exchange to $9,710 a ton at 6:02 p.m. Tokyo time, zinc gained 0.4 percent to $2,459.75 and lead was little changed at $2,821. Copper has climbed 5.7 percent, zinc has risen 7.5 percent and lead has jumped 16 percent since March 11.
To contact the reporter on this story: Jae Hur in Tokyo at jhur1@bloomberg.net
To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net
http://www.bloomberg.com/news/2011-04-07/pan-pacific-mitsubishi-buy-copper-overseas-to-fill-orders-after-temblor.html
Copper has Strong Fundamentals
Copper prices are closing in on all time highs, demand in Asia is set to grow.
Copper prices now stand within six per cent of their mid-February records at $US10,190 per tonne in London and $4.6575 per lb in New York, as investors bet that China’s economy, which expanded by 10 per cent in 2010, will need greater amounts of raw materials to satisfy that rate of growth.
“I still think the major mistake the bears are making is the same mistake they were making when copper was $US2.50 (per lb), that is demand is much greater than people anticipate,” LOGIC Advisors’ O’Neill said, adding that bullish comments from some of the world’s leading producers at the CESCO/CRU mining conference in Chile this week reinforced this view.
“The fundamental demand is still there (China). The credit situation in China, when that changes, has a short-term effect, but the underlying growth story in demand is still there,” Xstrata Copper Chief Executive Charlie Sartain said on the sidelines of the CRU conference.
“Internationally we see a recovery in other markets not as significant as China,” he added. “In markets such as the US, we see a recovery there.”
Furthermore, expectations are building for a rebound in China’s copper, iron ore and coal imports in March, with shipments of refined copper expected to rise from February’s 27-month low.
“The general expectation is that those numbers will be reasonably positive because we know that some imports were delayed from February to March due to the Chinese New Year holiday,” said David Wilson, director of metals research at Societe Generale.
China’s General Administration of Customs will publish preliminary import data for March on April 11.
Aluminium rose to $US2685 a tonne, its highest since September 2008, before ending up $US29 at $US2670.
Open interest on aluminium LME contracts is near its highest since the middle of January.
Latest data showed inventories of the metal in LME warehouses were down 4,175 tonnes at 4,589,000, but remained consistently high and within reach of a record high 4,640,750 tonnes hit in January last year.
Shayne Heffernan
April 08, 2011 04:16 ET
http://www.livetradingnews.com/copper-39061.htm
Well I was hopeful that we'd see financing news today. Doubt very much they'll put out a PR tomorrow. I guess we wait another week. $#%&!
Banking that their business plan runs smoother than their financing has.
YW - All the pieces coming together...
That's what I think as well. Another 150,000 just went thru near .30 - Once these fake trades stop this will probably fall to pennies...
Multiple $'s... I'll leave it at that for now.
Why so low?
j/k
Mining company executive predicts tight copper supply
By Staff and Wire reports
Published: 4/7/2011 3:14 AM
Last Modified: 4/7/2011 4:03 AM
Global mining giant Rio Tinto Group says it expects copper demand in China and other emerging markets to grow faster than output, prompting a global deficit for the metal used in housing and appliances.
The shortage this year may rise to between 400,000 metric tons and 500,000 tons, Andrew Harding, head of the copper business at London- and Melbourne, Australia-based Rio Tinto, said Wednesday.
Copper rose the most in two weeks Wednesday as another production giant, Freeport McMoRan Copper & Gold Inc., predicted Chinese demand will gain even as the country takes measures to stem inflation.
"You've got this very strong demand in the long term being driven by China," Harding said. "And the supply side is not going to respond with the speed to match that."
Copper futures for May delivery gained 10.6 cents, or 2.5 percent, to $4.37 a pound in New York.
http://www.tulsaworld.com/business/article.aspx?subjectid=46&articleid=20110407_46_E1_ULNSbp754318