Discov. Met Share Discussion Threads

[andrbea] 04/12/2010 17:41

this emerging story should held all copper juniors (like afe, dme, etc)

[scottishfield] 03/12/2010 12:52

blue sky, it will be interesting to see what happens now.

[samplerboy] 03/12/2010 07:16

ASX close at AU$1.385 (bid) which equates to 87pence using exchange rate of AU$1.596 to GB£1. Quite a difference.

[strark] 02/12/2010 11:15

Yes - that makes sense - will become clear when RNS is released showing uptake of Rights

[chipperfrd] 02/12/2010 10:16

My guess is that they sold their Rights entitlement in advance in order to pay for those new shares.

Bit of a 'no brainer' really - they could sell at A$1.35 and then pay just A$1.05 to get the same quantity of shares back.

It's a bit of a snub to UK holders that they are excluded from the same deal that Oz holders get. Not impressed with that aspect of an ASX listed entity :-[
Chip

[strark] 02/12/2010 09:54

Why have 2 Directors sold in the past 2 days?

[chrisis33] 02/12/2010 06:59

I know a few hold here - news this morning

[jasper2712] 29/11/2010 20:09

Looking good for the long term

.Copper to peak well above $11,000/T in 2013

A growing production deficit
is expected to lift the price of copper through a series of
all-time highs and a peak well above $11,000 per tonne in 2013,
metals research and consulting firm GFMS said in its Quarterly
Three-Year Copper Forecast report.

* China demand growth to average 6 percent per year

[sagem] 29/11/2010 07:41

The company has had to issue a statement for reason of huge share increase...they stated they have no known reason for this except will are becomming a producer from explorer

[tartan_penguin2] 29/11/2010 06:18

up 13pc in aus today..

[sagem] 28/11/2010 21:48

I think that once the selling of the new shares slows down or stops the price will rise quite nicely any time now.

[andrbea] 26/11/2010 14:54

ref. post 419

with such movements in store on the CU price, this has to shoot up some more

[scottishfield] 23/11/2010 12:35

good to see this up today when nearly all my others are dwn.

[spike_1] 23/11/2010 12:00

Codelco Said to Raise Copper Fee 35% for Chinese Users
By Bloomberg News
Nov. 23 (Bloomberg) -- Codelco, the world's biggest copper producer, agreed with two Chinese buyers to raise the surcharge on sales by 35 percent next year, according to two industry officials involved in the negotiations.
The fee, added to the price of metal for immediate delivery on the London Metal Exchange, will increase to $115 a metric ton from $85 this year, said the officials, who declined to be identified because the decision hasn't been made public. China is the world's largest consumer.
Copper, used in cables and pipes, advanced 10 percent this year and climbed to a record $8,966 a ton in London on Nov. 11 as demand led by China outpaced supply and as investors bought commodities to protect their assets. The move by Codelco sets a benchmark and may prompt Freeport-McMoRan Copper & Gold Inc. and Pan Pacific Copper Co. to follow suit. The increase tops gains of 32 percent for Korea and 31 percent for Japan.
"This falls into the higher end of our expected range," said Grace Qu, an analyst at metals advisory company CRU International Ltd. in Beijing. "Codelco seems to be very confident of next year's market," she said by phone today.
Copper will lead a rally in base metals into 2011 as increased consumption cuts stockpiles and weaker currencies spur investment demand for commodities, according to Morgan Stanley.


Lots more at:

[jasper2712] 18/11/2010 16:56

I still cannot see the incentive for eligible shareholders to buy these shares on offer.
Today's price $1.09 - offer 1.05.

[choppa] 18/11/2010 08:44

I would have thought the placing price would provide some support. Looks good value now imho.

[jasper2712] 17/11/2010 16:50

Nearly 16% drop since the placement was announced . It better start going up soon or all of these sophisticated Aussie investors will be able to buy them on the open market at a better discount to the $1.05 (64p )they were being offered.

[jonny flame] 17/11/2010 08:26

andrbea - Hana is right next door to DME.

[johnrxx99] 17/11/2010 08:03

For the last few days there has been an early sell and 4% off. At this rate I'll be topping up with a very big smile.

[andrbea] 13/11/2010 16:20

just noticed Boseto is copper-silver too:

102.8Mt at 1.4% Cu and 17.3 g/t Ag containing 1.4Mt copper and 57 Moz silver


maybe dme should focus more on the silver!!! (as those companies are attracting investors just now)

[johnrxx99] 12/11/2010 01:47

Having problems breaking through 80p but when it goes, may be fun.

[jasper2712] 10/11/2010 17:19

Still a bit annoyed that we cannot take part in the share issue and the benefits which go with it but it still looks like a good long play bet.

"Still, copper will lead a rally in industrial metals into 2011 as higher usage cuts stockpiles and weaker currencies spur investment demand for commodities, Peter Richardson, chief metals economist at Morgan Stanley Australia Ltd., said yesterday in an interview. He cited underinvestment in mine capacity and a "significant problem" of declining ore quality."

With the money they will now have on hand and the investment already put into Boseto then DME will have a head start on others to supply the obvious shortage in the coming years.