Antofagasta Share Discussion Threads

[dsb104] 04/12/2007 11:04

Gonna try and buy at sub 730p if possible. Got out of my spreadbet at 773 so did well with the timing.

[eddie88] 04/12/2007 10:43

Spoke too soon! LOL

[astol] 04/12/2007 10:26

Eddie are you in denial now at 738p

[eddie88] 04/12/2007 10:01

Its appear to found around 750p as support hopefully it will breakout tomorrow when BOE annouces cut IMO

[astol] 04/12/2007 09:52

More like 750p dropping a lot now (post 867)

[eddie88] 03/12/2007 17:03

Well it still finished blue! Excellent performance considering other rivals were down today. I think the market knows this is oversold and needs to catch up.

[bushtuckaman] 03/12/2007 14:51

Sorry, I put the kiss of death on us

[astol] 03/12/2007 14:36

More like 750p dropping a lot now

[bushtuckaman] 03/12/2007 11:02

Yes, good strength. Maybe £8 today?

[eddie88] 03/12/2007 10:16

Thanks for the link Bush interesting.
Looking at the strength and volume this morning is RNS imminent today?

[bushtuckaman] 03/12/2007 01:30

Eddie, as long as the wider market is in good order and the copper price is heading up I dont think 800p will be a problem. imho.

[eddie88] 30/11/2007 20:12

Funny day really ran out of steam by the end. Noticed 4.2m buy in end ut trade?
Obivously spoke too soon. I hope momentum carry over next week.
Look out any news over weekend

[aspers] 30/11/2007 14:06

i am looking at 1000p by the start of 2008...???

[eddie88] 30/11/2007 13:25

Bush you bet me to it I was just about to paste that! LOL

Seriously though its looking good for 800p by end of today DOW futures are looking pretty. However do you guys think there will be a wave of sells at 800p
It would approx. 150p up from lows this week ( I wish I bought some but chickened out)

I think the resistance (little) at 784p approx, if we break that there is no stopping it as it would elminate H&S am I right?

[bushtuckaman] 30/11/2007 13:21

Someone posted this on the AAL thread. If true would be great news.

'Copper extended gains in Asia on speculation stockpiles in Shanghai warehouses fell for a second week, signaling sustained demand growth in China, the world's largest user of the metal.'

Had a nibble on KAZ this morning too :-)

[bushtuckaman] 30/11/2007 08:29

Just what I was thinking, journalist probably took a backhander to write that to enable the big boys in for more cheap stock.

[eddie88] 30/11/2007 08:28

Not now though LOL!
Healthy profit taking I see. They must all read Independent this morning!

[bushtuckaman] 30/11/2007 08:25

Glad to hear you are in breakeven teritory Eddie.

[eddie88] 30/11/2007 07:33

Looks like its gonna a good day today
Asian Markets positive, copper is on the up. I reckon it could be close to 780-790p by end day.

However just noticed Indepedent have said take some profits, I wish! LOL

Extracted from Times

Takeover speculation in the mining sector resurfaced with a vengeance as rumours of more deals once again swept through the trading floors of London.

Traders believe that the emergence of BHP Billiton's audacious proposal to buy rival Rio Tinto earlier this month effectively put the whole sector into play. The latest speculation was that Xstrata, headed by the acquisitive Mick Davis, was plotting a £36 a share offer for Anglo American. Analysts believe that such a deal would make sense for Xstrata and would face few obvious competition hurdles.

A more unlikely story doing the rounds in the morning was that Vedanta Resources, the Indian group, was the subject of a bid approach. But the company soon kicked that suggestion into touch. Vedanta ended 158p better at £21.92, Xstrata put on 152p to £33.13 and Anglo American rose 199p to £31.54. The sector was also aided by stronger metals prices and copper miner Antofagasta firmed 52 to 755p.

[eddie88] 29/11/2007 20:21

Gents
At last i'm in blue by 1p!
Seriously though referring to my previous post 820 the chart looks like there is no resistant to around 800p so there is no stopping (I hope) from today
thats providing the market behaves!
Looking forward for a change, I feel a bit more positive now however that change so quick

[bushtuckaman] 29/11/2007 17:12

Evening Gents, hope you all had a good one, I certainly enjoyed it. Still holding mine tight to my chest.

You guys sound about right, there must be something brewing in the takeout department. Some of the big boys went through the ceiling this afternoon.
The Dow is looking good at the mo, so more on the morrow hopefully.

[dsb104] 29/11/2007 16:52

Thanks. Well, even if its not ANTO, it would make the sector move in sympathy on the prospects of further consolidation.

[eddie88] 29/11/2007 16:50

DSB, if you look at share price for VED AAL RIO ANTO there has a few spikes going around today, I sense something is brewing otherwise why only mining sector had the biggest rise today considering FT100 has barely moved

There was talk of Chinese eyeing up on VED earlier this week or last so.

[dsb104] 29/11/2007 16:39

Whats the bid rumour?

[eddie88] 29/11/2007 16:33

I think there is defo some rumour going around for the imminent bid in the mining sector, hopefully Anto! 1000p please!