Freeport-McMoRan (FCX)

[eddy2]

It has been under performing the injected costs for both the three and nine months. Asset
Values has edged up along with its liabilities so the spread has stayed stready. You would think gold would have dropped in value the way it’s performing but that is the opposite. Now they could be hedging there position so as to help push the gold prices up but that is a pure conjecture on my part with nothing to back it up.

Company credit has risen to help it keep the same spreed but this has put considerable dent in there cash flow turning it negative and cutting there liquid asset position in half from the third and fourth quarter.