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There was a company I was looking at yesterday that sold some sort of detection kit. Can't remember what it is now.. lol
Japan's nightmare gets even WORSE: All THREE damaged nuclear reactors now in 'meltdown' at tsunami-hit power station
Fuel rods appear to be melting inside three over-heating reactors
Experts class development as 'partial meltdown'
Molten fuel could burn through reactor safety shields
Earlier blast at Fukushima nuclear plant felt 25 miles away
Eleven workers injured after hydrogen ignited
180,000 people have been evacuated from the area
Engineers desperately trying to cool reactors with sea water
Up to 160 people so far exposed to radiation
http://www.dailymail.co.uk/news/article-1365781/Japan-earthquake-tsunami-Second-explosion-rips-nuclear-plant.html
Nice... People loading up at the Bid...
I know this first hand :)
UA MA - .041 x .043 now. Hit .06 today. Has maintained it's MOMO - FWIW
Not saying it will continue...
EX TI - .014 X .02 now. eom
EX TI - .008 x .01 - Not sure if someone will run this on reinstatement....
NITE is the only MM under .61. Me like...
Don't tempt me. lol
Like I said they would.
.40 /.49
CNYC - .40 x .45 - eom
Bonedaddy's MG RN doing well
CNYC - .38 x .40 - eom
Nice find dtstx.. eom
You know I can... lol
We'll get there... IMO
Copper Mining Companies Listed in Canada
http://www.miningnerds.com/copper-mining-report-canada
There are 27 TSX trading companies on the list provided in the link above. The highest priced PPS is $111.95 and the lowest is $1.10. Average PPS of the 27 stocks is $13.38 per share.
I've been told WRN is a company that compares well with CNYC and it currently trades at $3.06 per share.
Maybe comparing apples to oranges with a few of them, but what the hell. CNYC will be trading over $1 per share shortly after it gets listed on the TSX.
CNYC - Share Structure
Authorized 131,666,666
Issued and Outstanding 61,928,343
Warrants 9,818,972
Options 4,491,668
Fully Diluted 76,238,983
80% Held by Insiders or friends 49,542,674 Approximate
Float 12,385,669 Approximate
Copper Production
The chief producers of copper are Chile, United States, and Peru. 21 of the 28 largest copper mines in the world are not amenable to expansion. Many large copper mines will be exhausted between 2010 and 2015.
http://en.wikipedia.org/wiki/Peak_copper#Copper_supply
China Likely To Buy More Copper; Supplies Already Tight
By ANDREA HOTTER
ISTANBUL—China is likely to pick up its copper purchases in the second quarter, at a time when global supplies of the metal are forecast to be in a deficit of 500,000-600,000 metric tons.
The combination is likely to result in even high copper prices, executives at an international metals conference said Thursday. Copper prices recently hit all-time highs, reaching above $10,000 a metric ton in London and topping $4.60 a pound in New York.
China started buying less copper in the fourth quarter of 2010 and also began selling back material from bonded warehouses and contracted imports as a result of rising copper prices, said Andreas Hommert, head of research at Touradji Capital Management.
The world's largest copper consumer may now have reached a point where it needs to resume its purchases.
"The destocking process in China is probably relatively far progressed. Has destocking nearly run its course?" Mr. Hommert told the Metal Bulletin conference.
At the same time that China may resume its copper purchases, the market is likely to experience short supply of the metal.
Martin Squires, executive director of J.P. Morgan Securities, estimated the global market will be in a deficit of between 500,000 and 600,000 tons in 2011. This will be more pronounced in the second quarter due to seasonal factors influencing stock drawdowns, Mr. Squires said.
The range is narrower than a Dow Jones Newswires survey of 19 analysts in January, which included estimates of a shortfall of 90,000 tons to 825,000 tons.
Nikos Kavalis, a senior analyst at metals consultancy GFMS, said the copper market is likely to be in a deficit until 2013, with the most chronic shortage in 2011 at nearly 400,000 metric tons. The shortage is likely to narrow to around 200,000 tons next year and below 100,000 tons in 2013, he said.
"Output from new projects is likely to continue to fall short of targets," Mr. Kavalis said. "Declines at some existing operations will partly offset increases."
At the same time, disruptions will continue to affect output. Mr. Kavalis said strikes are likely given higher prices, while technical and operational disruptions cannot be ruled out. Political risk also remains an issue, he said, given the location of certain projects in countries like Afghanistan and Pakistan.
GFMS estimates that less than 600,000 tons of the roughly 800,000 tons of planned capacity expansions and production forecast for 2011 will actually occur. For next year, this figure is a little over 600,000 tons of 1.1 million tons planned and for 2013, around just 700,000 tons of more than 1.7 million tons planned.
With supplies tight and demand increasing, copper prices are likely to extend their gains, raising concerns about speculators moving into the market.
J.P. Morgan's Mr. Squires said supply-demand fundamentals are still key drivers of copper prices, the interpretation of which formulates investment decisions.
These decisions include those by the industry in terms of whether to invest in new capacity, as well as by the investment community, he said.
The debate over high copper prices has been centered on investment flows, Mr. Squires said. "The argument [that investors disproportionately influence copper prices] is levied at times of high prices, but investors are present in times of low prices too."
"Investment flows can influence market dynamics but ultimately they're respectful of the underlying fundamentals," Mr. Squires said.
Mr. Squires said prices could go higher still, although if the unrest in North Africa spreads through the Middle East this would be "very negative for global growth and copper prices."
"Taking the risk of contagion in the MENA region out of the equation, then copper has a very good chance of rising a lot higher," he said. "I don't think the industry is carrying a lot of stock, global PMIs are robust and in some places the best they've been in years. Could copper see a new high? Most certainly."
http://online.wsj.com/article/SB10001424052748704823004576192611371188594.html
Japan copper smelters shut on quake, raises supply concerns
Fri Mar 11, 2011 6:31pm GMT
By Chikako Mogi
Japan's two major copper smelters shut down operations due to power outages in northern Japan areas hit by a powerful earthquake, raising concerns about supply disruptions if it takes a long time to repair the infrastructure.
A major 8.9 magnitude earthquake and resulting tsunami off the coast of Japan prompted top copper smelter Pan Pacific Copper Co, 66 percent owned by JX Nippon Mining & Metals, a unit of JX Holdings , to halt operations at its Hitachi refinery works.
The Hitachi refinery works produces 130,000 tonnes of copper annually, less than a quarter of Pan Pacific Coppper's planned output of 564,800 tonnes for the current fiscal year to March 31.
Mitsubishi Materials Corp , Japan's third-largest copper smelter, said its Onahama copper smelter halted operations due to electricity outage from the quake.
The company owns 50 percent of the Onahama smelter which produces about 300,000 tonnes annually.
"Although the power cut-induced production stoppages may prove to be temporary, the disruption caused by logistical and infrastructure damage is likely to take longer to fix," Barclays Capital said in a note.
Sumitomo Metal Mining Co , Japan's No.2 copper smelter, does not have a smelter in the region hit by the quake. The company forecast copper output of 404,000 tonnes for current fiscal year.
Japan's refined copper output stood at about 1.52 million tonnes last fiscal year, about 7 percent of global output.
"If there's a severe disruption the bottom line is that the concentrates market is fundamentally tight so concentrates would be redirected elsewhere, probably to China," said Christine Meilton at consultancy CRU Group in London.
A total of 11 reactors at four plants operated by three firms have shut down automatically after the earthquake, leaving 25,622 megawatts of nuclear power generation capacity, or 52.3 percent of Japan's total, in operation, Reuters calculations show.
Of Japan's 54 nuclear power generators for commercial use, five are located in the areas hit by the quake. (Additional reporting by Karen Norton and Pratima Desai; Editing by Nathan Layne)
http://af.reuters.com/article/energyOilNews/idAFL3E7EB28O20110311
Awesome! MM's have tried hard to keep the PPS under .40 - Lately the MM's have started lining up in the .60's. I assume we'll be there by the end of the week.. JMO
Exactly... Selling has really dried up the past 2-3 weeks. Silly a$$ Bid whackers.. lol
Japan Earthquake: Base Metals may boom
Published on: March 11, 2011 at 22:20
The quake will mean reconstruction that requires commodities such as copper and aluminum.
http://www.commodityonline.com/news/Japan-Earthquake-Base-Metals-may-boom-37163-3-1.html
Copper Rebounds From Three-Month Low in New York as U.S. Equities Rally
By Yi Tian - Mar 11, 2011 1:35 PM CT
http://www.bloomberg.com/news/2011-03-11/copper-rebounds-from-three-month-low-in-new-york-as-u-s-equities-rally.html
“There will likely be a short-term reduction in consumption while power is rationed and the damage is assessed,” Alex Heath, the head of industrial-metals trading at Royal Bank of Canada Europe Ltd. in London said in a report. Over the longer term, “we may actually see a modest increase in consumption in Japan due to the reconstruction that will have to take place.”
Facts About Copper
Copper Uses, Resources, Supply, Demand and Production Information
Republished from a USGS Fact Sheet from June, 2009
http://geology.com/usgs/uses-of-copper/
LOL! Now that is funny!
LMAO!!!! Do you like my tan? What an ass..
Good luck with your fills on Monday. Others will be looking to add before lift off.
I believe it will be an eventful week for CNYC. I'm expecting the PPS to climb quicker on less shares.
Don't quote me, but I say the PPS will drift through the .40's without much volume. .50's by late Tuesday...
I guess the doc was wrong, I am contagious... I may end up infecting a lot more people before it's over.. lol
An anomaly. It was after the "D" was dropped from the ticker symbol following the small R/S at the end of November. It was neat to see all the MM's higher than $1.10 on the Ask that morning. Figure we'll get back there soon.. JMHO
From the Yahoo Finance Message Board...
just sold some at $1.10 per share31-Dec-10 03:19 pm
michaeldenn...
I put in a limit order for .35 and it sold for $1.10. Check google finance for the year high and low. I dont know if it had something to do witht he split, but I sold 3k at 1.10, and then 4k at .35. I am completely baffled by this.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=tm&bn=76933&tid=41&mid=41&tof=1&frt=2
Great post! Seriously, anyone paying attention to the DD Rig has presented here?
When will people finally realize this Rig? You can lead a horse to water, but you can't make it drink.
CNYC - Sweet chart mrgoodtrade!
lol - This is going to be a great play for all involved.. Thankfully I was able to add more this past week
Go Mets! lol
Sweet!
You figure out why the activity and price jump? Not much chatter on Ihub regarding why it's running..
Next week is Spring Break(out!)
Kids have school off next week. Weather will be nice enough to get outside with them. I just got back from trying to snag some carp. No luck. It was nice being outdoors anyway.
I'm loaded and ready for CNYC Breakout! It's a com'n...
Major Earthquake, Tsunami Hit Japan
VOA News March 11, 2011
A massive 8.9 magnitude earthquake has struck off Japan's northeastern coast, triggering a four meter tsunami that washed away cars along parts of the coastline.
Video from national broadcaster NHK showed dozens of cars, large ferries and some buildings being swept out to sea in the port city of Kamaishi in the province of Iwate.
The Japanese Meteorological Agency issued a tsunami warming for the entire Pacific coast of Japan following the quake that struck about 125 kilometers off the eastern coast, at a depth of 10 kilometers. Residents in the coastal areas have been urged to immediately evacuate to higher ground.
The Pacific Tsunami Warning Center in the U.S. state of Hawaii said a tsunami warning was also in effect for Russia, Marcus Island and the Northern Marianas. It said a tsunami watch was issued for Guam, Taiwan, the Philippines, Indonesia and Hawaii.
Friday's massive quake was felt in Tokyo, where it shook buildings and caused several fires. The Tokyo metro system says all train and subway traffic in the city has been stopped.
Japanese Prime Minister Naoto Kan has convened an emergency meeting of the Cabinet to assess the situation.
Tsunami center widens warning in Pacific
Associated Press, Honolulu | Fri, 03/11/2011 3:00 PM
The Pacific Tsunami Warning Center in Hawaii has widened its tsunami warning to incude most of the Pacific Ocean region.
The warning issued Thursday at 0730 GMT follows a massive earthquake that has struck off the northeastern coast of Japan. It includes Russia, the Philippines, Papua New Guinea, Hawaii, Australia, New Zealand and the Pacific coast of South America.
Tsunami warningsare issued due to the imminent threat of a tsunami