Antofagasta Share Discussion Threads

[nick100] 17/5/2021 17:34

Strike in Chile

[frishare] 17/5/2021 17:32

Why such a big drop today? Other major miners all seemed to rise

[montyhedge] 17/5/2021 13:37

Glencore going to benefit from this, surely it will push copper price even higher.

[nimrod22] 08/5/2021 21:07

in Thursday's newspapers: -
"Chile’s lower house approved introducing progressive taxes on copper sales in what could become one of the heaviest levies in global mining, potentially stalling investments and boosting prices."

[nick100] 02/5/2021 11:47

https://www.mining.com/web/coppers-surge-toward-a-record-high-is-hitting-chinese-industry/

[nick100] 27/4/2021 07:27

https://www.mining.com/web/investors-love-copper-but-not-the-price-of-building-a-new-mine/

[diku] 27/4/2021 07:15

New all time highs...this must be a free money giveaway share...easiest share going...No Advice Intended...

[martomarto] 26/4/2021 20:52

Holder for a while and rarely a disappointing week. On and up!Dyor

[foxy22] 26/4/2021 15:44

Onward and upward....20.00 incoming

[aspers] 20/4/2021 07:29

Diku......next stop 2000p nice 49c divi going ex div 22nd. What is not to like?

[diku] 16/4/2021 08:14

This share is for free giving...1600p - 1900p...then 1900p - 1600p...now back from 1600p - 1900p...is this the easiest share going?...

[aspers] 26/3/2021 09:43

Diku......yesterday was a great topping up opportunity. Anyone getting in below 1600 did very well. I topped up at 1600 and already those up over 5% today. I see us back on the way to 2000p now. Copper is going to be the stock to hold in 2021 and beyond. I will continue to add on any dips. Paying a good final divi too of just under 50 cents going ex div near end of April.

[diku] 26/3/2021 08:12

Just as i said...it has to come down to earth like all things do...it was speculative momentum driven aided by broker recommendations...look at the tiny amount of shares in issue...manipulation at best...






diku8 Mar '21 - 11:05 - 124 of 128 Edit
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You can call it whatever cycle you want...share price going up in a vertical rise has to come down eventually...it sure did from 1900p...having risen from 1400p in Feb...and from 1000p since Nov...

[pete123456] 18/3/2021 07:57

more tracking ftse than copper price

[stevegrass777] 17/3/2021 01:05

Well a play on copper is a play on EV's because them EV's use 5hit ton of copper compared to ice cars and we all know them ice vehicles are being pushed off the road as we speak.
Also nearly all the environment solutions involve loads of copper also, them wind turbines have loads of copper winding in, just like the motors in EV's.

[sogoesit] 16/3/2021 08:16

I’m a bit befuddled by the share price here.
Having held ANTO in the last “super cycle” into the Reko Diq project initiation it’s a company I keep a watch on as the only UK pure copper play.
Thinking that we may be getting into a new “whatever̶1; cycle it’s the first on my list for a re-entry but I can’t convince myself.

Certainly, the share price correlates almost 100% with the copper price (but then puts the share price at risk of the price “overshooting”). Sure, it would be a long term hold but entry timing is important.
Compared to other major miners the yield is a relatively low 2%. However, the payout is over 100%. (SCCO yields nearly 4%.)
Currently rated at 44x EPS by my estimation this is a “growth” rating. But surely price alone won’t provide this “growth”? Gold and moly are unlikely to boost profits either.
So, without Reko Diq, where’s the growth? (Guidance for the coming year shows no growth in production).

So, that’s it, direct play on the copper price. I’m sticking with the major miners for the time being til I find a play with better fundamentals on copper alone.

[diku] 08/3/2021 11:05

You can call it whatever cycle you want...share price going up in a vertical rise has to come down eventually...it sure did from 1900p...having risen from 1400p in Feb...and from 1000p since Nov...

[big7ime] 05/3/2021 08:36

I tend to agree aspers. I see copper rising further but the likely increase in tax takes the shine off. The vote to raise tax is likely to go through against the incumbent govt and the elections in May for constitution writers will be crucial.

[aspers] 05/3/2021 07:50

Diku.....this is just the start of the super cycle for copper. Looking ahead and with the rapid advances towards green energy and Electric vehicle production the one common denominator is copper. There is already a huge shortage at a time when demand is outstripping supply.
I see ANTO passing £20 pretty soon and in a couple of years possibly doubling in price. Any pull back will present an ideal opportunity to top up the tank.

[diku] 04/3/2021 19:23

It was momentum driven...one minute there is demand...then there is over surplus capacity and not much demand...it takes 2 to tango...

[big7ime] 04/3/2021 15:57

Stock mkts move in mysterious ways as do commodity prices, don’t try making sense of it diku
I do think a massive shortage is on the horizon which will fuel the speculative demand which in turn exacerbates the shortage.