Antofagasta Share Discussion Threads

[thebull3] 17/7/2009 15:02

thanks diku, like i said, i'm no pro at charts :(

[diku] 17/7/2009 15:01

in the short term charts are out of the window...you will only be able to confirm a double top after the event...

[thebull3] 17/7/2009 13:52

not a chartist normally, but does anyone else think the chart looks like it could be forming a double top formation?

[diku] 17/7/2009 13:41

tb...agree...this rally as been on low volume...

[thebull3] 17/7/2009 08:58

i would like to think so but chart looks a bit iffy now, might see a lower high and reverse, £vs$ down today, may take copper with it i expect

[rgriffith_001] 15/7/2009 20:57

Any thoughts on where the share price is going next, looks like the next level is a re-test of 12 June high of 700p?

[diku] 10/7/2009 15:45

Only 1.4mln shares traded for a FTSE100 company...

[thebull3] 09/7/2009 17:03

and again.

[lundhousegreen] 08/7/2009 17:35

Deja vu (the Dow)again today.

[jackal2] 07/7/2009 15:28

trust the dow to drag us down.

[diku] 07/7/2009 13:02

Just can't get my head round to this FTSE100 company...only 800k shares traded...and it's up 25p!...

[diku] 03/7/2009 13:24

Very poor volume for a FTSE100 company...only 1.3mln shares traded so far..

[wrightey] 01/7/2009 09:56

Today just might be the day to start a new surge to £7.00 with a little bit of luck.

[grgkecer] 30/6/2009 11:06

POTABLE SEAWATER SLATED FOR NORTHERN CHILE
Tuesday, 30 June 2009
Chile's Inter-ministry Committee of Hydro Resources thinks it has the solution for the water shortage problems facing the northern city of Copiapo (Region III).

The Committee, lead by Public Works Minister Sergio Bitar, is exploring placement of a seawater filtration plant in Copiapó - funded by private companies with the help of government concessions. The US$4.5 billion project would offer its services to mining companies and other local businesses.

The plant would produce different grades of water, from drinking water to less-filtered irrigation water. Around 40 percent of the nearby city of Antofagasta's water supply is already made up of desalinated water.

Business groups such as General Electric, Agbar, and Luksic have shown interest in creating and producing the "factory water." And some 30 mines are interested in buying into the project, but official negotiations won't begin until later in the year.

President Michelle Bachelet created the committee, which includes members of Chile's mining, environment, energy, and economic ministries to name a few. One of its principle objectives is to create a new water resource system for Copiapó. The city is currently "water-challenged" because of competing demands from the area's mining industry.

More than US$30 billion has been invested in Chile's northern mining industries, with at least US$8 billion located near Copiapó.

A single coastal water-filtering plant costs US$50 million, said Richard Dixon, waters director for the Hatch engineering company. But if the water needs to be pumped to the Andean foothills, the cost could be more than US$1 billion.

Dixon said that his company has conducted 15 studies in the last three years for the desalination sector in northern Chile.

In spite of the high costs, BHP Billiton's Escondida copper mine, Chile's largest private copper mine, is using this technology. Its Puerto Coloso plant processes 3,200 liters of water per second and cost US$3.5 billion.

"Desalinating seawater is a technologically complex alternative and is much more expensive due to the initial investment and energy costs the system would require," said BHP.

By Santiago Times Staff

[wrightey] 30/6/2009 09:50

Not much interest in this share currently, cannot see why it should be so.

[diku] 29/6/2009 13:27

Such crazy low volume here for a FTSE100 company!...

[gateside] 24/6/2009 22:23

Up today on the strength of the copper price.

[thebull3] 24/6/2009 12:48

not looking very strong of late, maybe back 400p range coming soon, going by the chart, 500p more relistic though

[wrightey] 18/6/2009 15:27

Looks as if we are coming out of the down phase of the overall upward trend.
Copper is always a good metal to be in when times are hard but looking up.

[lundhousegreen] 17/6/2009 13:41

Crashes through that support level, then ! Long term support line at 556p.

[lundhousegreen] 16/6/2009 17:44

The upward trend has prevailed for most of this year. The August 2008 high was surpassed again recently, adding to the strength of the chart. The resistance level of 620p could now become support.The upward trend focuses towards 700p.

[wrightey] 16/6/2009 16:55

Yes diku, it's also a traders dream.

[diku] 12/6/2009 10:43

looking at that long term chart above...it's a classic chartist paradise chart from Oct 08...

[lundhousegreen] 04/6/2009 14:33

Antofagasta Holders Should Oppose Rts Issue Motions-PIRC DOW JONES NEWSWIRES