Antofagasta Share Discussion Threads

[iangill] 25/7/2008 17:37

Where is all the copper used? In manufacturing electrical parts for cars and consumer goods, plus a large part goes into new homes. All around the world consumers are reigning back on purchases and manufacturers are laying off staff, even factories in China are affected.
Short term I do not see any reason to be optimistic that China can take up all the slack from recession hit USA and Europe, so projections of record copper prices later this year should be taken with a pinch of salt.
This will go lower until some confidence in the long term economic outlook returns.
IMHO.
I sold out at 8.80 and would love to buy back in around 4.40 keeping my fingers crossed.

[mirex] 25/7/2008 14:33

ANTo or XTA, hard choice as both seem bargains right now.

[thebull3] 25/7/2008 13:20

must be turning point soon although 400p would be a nice buy!

[pbracken] 24/7/2008 16:25

Seems a bit savage this; watching for a turn to buy in size.

[aalli] 24/7/2008 08:47

I'll join in at 525........

[diku] 23/7/2008 10:47

this is a FTSE100 company and just look at the pathetic volume...

[bushtuckaman] 22/7/2008 08:33

July 21 (Bloomberg) -- Copper gained on signs that global
demand is outpacing production of the metal, used in pipes and
wires. Demand exceeded output by 108,000 metric tons in the first
four months of the year, the International Copper Study Group
said today. Copper has gained 21 percent this year, reaching a
record this month in London, as labor protests and falling ore
grades reduced mine output.``The copper market, in our view, remains very tight,''David Moore, a commodity strategist at Commonwealth Bank of
Australia, said today in a Bloomberg Television interview.Copper futures for September delivery gained 1.2 cents, or 0.3 percent, to $3.681 a pound on the Comex division of the New York Mercantile Exchange.

[aspers] 18/7/2008 10:45

I reckon the bottom has been found here at 520....with the oil price slipping back I can see this starting to make its way back north towards 700p plus during the coming weeks?? With that in mind I have picked a few up at 527 so fingers crossed for a bounce from here on in.

[aalli] 17/7/2008 10:05

one would think that the recent oil price slump would have made some sort of difference to the share price ....far from it.....

[thebull3] 16/7/2008 15:04

i bought 1000 at 606p, i want another 9000 but, like you mentioned, where is the bottom, i was looking around 480p if lucky, but could go lower in these conditions or could bounce miss the current bargain!

[mrminister] 16/7/2008 14:29

i was nearly tempted at £6, but in this bear market this could go anywere...next stop jan 08 460 ish

[thebull3] 16/7/2008 10:34

surely this is a good buy at cuurent share price of 550p, still producing and copper prices remain strong

[aspers] 03/7/2008 13:21

AALL........Well I topped up MKS at 233 and at the present have gone to 240 so still a good day for me.......I feel losing 30% in a couple of days because their food sales were down 5% is crazy and I reckon far oversold....I have spent too much time of late jumping in and out of shares so I intend to hold MKS long term and therefore a no brainer to me with reasonable divi taboot!!! that said DYOR as at the present time everything is so volotile!!! Good luck

[aalli] 03/7/2008 12:30

BP seems a goog buy.....

[aalli] 03/7/2008 12:28

ASPERS - i certainy hope ANTO rallies to 700 soon......seriously thinking of buying mks - for some longer term holding. what do u think? i already hold some nxt got those 1302.....got any tips?

[aspers] 03/7/2008 11:51

AAL......not the norm for me though...usually sell and she continues to rise!!! this time looks like I got it right....that said at 555 I think I should have stayed aboard for a week or so as I feel this will be back at 700 soon!!! Used the cash to average my MKS holding down as to me that seems oversold!!

[aalli] 03/7/2008 11:31

go on aspers.......drinks on u then lol

[aspers] 03/7/2008 09:38

Good hours work just sold at 596.5

[aspers] 03/7/2008 08:46

I hope so just picked up a few at 555..!!!

[thebull3] 03/7/2008 08:24

getready for a bounce, i reckon this could be a good buying opportunity for those who dare, copper still high price

[kkool] 02/7/2008 15:29

well now all the mining stocks have come down, but this is stiill 6.6% vis a vis 2% on others

[aalli] 02/7/2008 14:17

beats me too........whats going on?

[kkool] 02/7/2008 10:22

anyone knows why all mining stocks are positive except this one?