Antofagasta Share Discussion Threads

[carrera] 03/5/2011 09:52

71P Divi - COME ON!

I presume its payable via Spread bets too?

[slogsweep] 03/5/2011 08:36

tommorrw's the big day 71p divi!!!!!!!!!!!!!1

[harrybigdick] 18/4/2011 17:21

US downgraded...China's monetary tightening..yes the main consumption machine is in trouble!
Target remains circa £9
====================================================

Wall Street shares slump as S&P downgrades US debt outlook
US budget deficit has moved from a surplus at the turn of the millennium to a deficit of 11% by 2009

Monday 18 April 2011 16.55

Shares fell sharply on Wall Street today after the ratings agency S&P issued a warning to the US government about its soaring budget deficit.

In a move that surprised and rattled the financial markets, S&P said it was cutting its long-term outlook on America from stable to negative.

[harrybigdick] 18/4/2011 00:11

May be its high time the rest of the miners could be scrutinised too!
Trying every trick to avoid paying tax & robbing countries of their resources!
Target £9 pending clarification on sector implication.
===============================================================

Glencore denies allegations over copper mine tax
World's largest commodities broker rejects claims in leaked review of Zambia operation's accounts

Sunday 17 April 2011

A UK subsidiary of the world's largest commodities broker helped one of its African mining operations avoid paying tens of millions of pounds in tax, according to charities who have analysed a leaked review of its accounts.

Its authors alleged the mine's owners "resisted the pilot audit at every stage", a claim denied by a spokesman for Glencore, which owns a 73% stake in Mopani through a company based in the British Virgin Islands, another tax haven.

The report claimed there had been an "unexplainable" increase in Mopani's costs between 2006 and 2008 that allowed it to minimise its stated profits and lower its tax bill. "We suggest the ZRA [Zambian Revenue Authority] does a new tax assessment based on the results of the audit," the report claims.

[harrybigdick] 16/4/2011 08:24

Silver, is this the Beginning of a Correction?
April 11th, 2011

[harrybigdick] 14/4/2011 23:48

Peru Elections: Humala Win Worst Case for Mining in Peru
08 April 2011

A Peruvian mining exec says if Ollanta Humala were to win the June presidential elections in Peru, it would be the worst case scenario for mining, but not the end of the world.
A recent poll shows left-wing candidate Humala winning the first round of Peru's presidential election slated for Sunday.

Humala, the front-runner in the presidential race, is a left-wing nationalist, who favors higher royalties and higher taxation in the mining sector.
Peru is the world's second-largest producer of copper and No. 2 in silver. The country has lined up about $40 billion in mining and oil projects for the next decade.

The current events in Peru illustrate the continuing political risk that are often faced by mining companies, noted Barclays Capital Thursday.
Southern Copper's $1 billion Tia Maria mine in Peru is being delayed for at least a year until 2013 as the Peruvian government suspended the environmental-impact study in a bid to calm tensions, Barclays said.
Protestors are threatening to boycott presidential elections Sunday unless Southern Copper abandons the project. "This is an example of how, beyond concerns relating to declining ore grades, mining companies are facing higher political risks operating in riskier countries," Barclays said.
In addition to protests against specific mines, the five main Peruvian presidential candidates have expressed support for an increase in taxes on the major gold, copper and zinc producers, not unlike the royalty tax and mining tax that Chile and Australia have imposed," Barclays noted.

[harrybigdick] 14/3/2011 01:04

This could potentially hit £9 pdq!



London markets poised for sell-off after earthquake in Japan
Markets are braced for a sell-off on Monday in the wake of the human and economic devastation wreaked by Japan's worst ever earthquake.

11:24PM GMT 13 Mar 2011

Analysts said as much as £30bn could be wiped off share prices in London as the stock market slumps 2pc.
Nikkei futures were down 5pc as the Japanese authorities stressed that markets would remain open. A ban on naked short-selling is being enacted to stabilise stocks and prevent speculators profiting from the tragedy.

David Buik, at broker BGC Partners, said: "With factories shut, this necessary remedial action will adversely affect Japan's economy dramatically."
He forecast a global stock markets sell-off of 2pc, a figure echoed by Douglas McWilliams, chief executive of the Centre for Economic and Business Research.

Paul Donovan, a senior global economist at UBS, said investors haven't seen this level of political risk in markets for 20 years and won't be sure how to deal with it.

[harrybigdick] 11/3/2011 07:20

Hope the Level 4 target of £9 is helping
Sanks


Fri Mar 11, 2011

Asian shares dipped on Friday as spreading unrest in Saudi Arabia and weak economic data spurred some profit taking while the euro looked shaky after its biggest one-day fall versus the dollar in a month.

Weak U.S. economic data also prompted investors to take some profits in shares in developed markets which has enjoyed a handsome run so far this year but some bargain buying on dips checked losses.

Japanese shares tumbled to a five-week low following a weak Wall Street close. The Dow Jones industrial average .DJI closed nearly 2 percent lower, pushing below a key 50-day moving average, a move signaling deteriorating strength.

"It is another day of reducing risk across the portfolio. We have had it one way for too long and with big issues hitting, everyone is running to the exit at the same time," Chris Weston, an institutional dealer at IG Markets said.

Copper prices stabilized, but were set to post a weekly drop of more than 6 percent, the biggest since early June last year after weak Chinese trade data and high inflation cast doubts on demand from the world's biggest importer.

[harrybigdick] 10/3/2011 14:16

Level 4 target remains at £9..as article below suggests "further steep losses likely"!
I hope this is genuinely helping
Sanks




Metals battered again, prices hit multi-week lows as liquidation spreads
Thu, Mar 10 2011


Base metals were on the retreat on the LME on Thursday morning, hitting multi-week lows in most cases, pressured by a build-up of negative drivers that are fuelling waves of investment fund liquidation and systems-based sales, with further steep losses likely.

Copper dived to a 2-1/2 month low, and with liquidation building in intensity could spin down even further to test $9,100 and $9,000 per tonne. Other metals, with the exception of aluminium, were trading at six-week lows. Turnover on Select was building up, reaching levels of some 26,000 outright trades.

Today, soft Chinese trade figures for February added to downward momentum, which reflects firmer oil prices in the wake of the near-civil war in Libya, renewed eurozone debt worries and inflationary rumblings.

"A broad based correction is underway across the metals and the speed of the retreat suggests long liquidation, and given the strength of the rises since November and in some cases June, there may well be more to follow," analyst William Adams of FastMarkets noted.

"Raised uncertainty, especially over oil prices and over EU debt...may prompt potential buyers to sit on their hands to see how far this pull back runs."

Chinese data earlier showed the trade balance slip into a $7.3 billion deficit in February, its largest in seven years as exports and imports tumbled. In particular, copper product imports fell 35 percent to some 235,469 tonnes.

"The premium on copper prices in Shanghai compared to London has essentially faded completely in the past few months, or the price in Shanghai was already higher than the LME price at times, leaving barely any arbitrage opportunities," it noted.

Risk sentiment also receded following news that Moody's had downgraded Spain's credit rating to Aa2 due to the cost of having to shore up its banking sector. This follows hot on the heels of Greece's downgrade to B1 by the agency earlier this week, and raises further questions over the economic outlook for the eurozone.

The euro also declined to its lowest in just over a week against the dollar at 1.3805, settling recently at 1.3835.

Geopolitical strife in the Middle East and North Africa (Mena) region has also knocked market appetite in recent weeks. The EU and NATO are due to meet today to discuss the escalating violence in Libya - al Jazeera reported that government planes had bombed oil facilities in Ras Lanuf and Sidra yesterday.

[harrybigdick] 09/3/2011 15:05

Its one big LOOLa ponzie scheme..see you on the other side of £8...thats where i will buy, not when one nob in a paper tells me its a BUY!

Infact i told that nob in the paper, i wanted to shag his bird...he said no!..WHY!

If he doesn't listen to me, i refuse to listen to him...period!

Hope this helps
Sanks
HarrysWhopper

[nellie1973] 09/3/2011 15:01

Tipped in press-Hold

[elssworth] 27/2/2011 08:50

I would be and always have been wary of when these guys are telling you to buy!
IMHO, thats when you should be selling.
Hope this article helps...before the drip..drip...BANG!


Market Crash 2011: It will hit by Christmas
Feb. 22, 2011
Commentary: The S&P 500 is worth only 910. Get out or lose big

Politicians lie. Bankers lie. Yes, they're liars. But they're not bad, it's in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can't help themselves. They want to sell stuff, get rich.

We want to believe they're telling us the truth. Silly, huh? Both trapped in this eternal "dance of death" controlled by programs hidden deep in our brains, telling us what to do, telling us to ignore facts to the contrary - till it's too late, till a new crisis crushes all of us.

Psychology offers us a powerful lesson: Our collective brain is destined to trigger a crash before Christmas 2011. Why? We're gullible, keep searching for a truth-teller in a world of liars. And they're so clever, we let them manipulate us into acting against our best interests.

In fact, behavioral science tells us that bankers and politicians are lying to us 93% of the time. It's 13 times more likely Wall Street is telling you a lie than the truth. That's why they win. Why we lose. Because our brains are preprogrammed to cooperate in their con game. Yes, we believe most of their lies.

[nellie1973] 25/2/2011 13:36

Broker upgrade

[harrybigdick] 24/2/2011 18:56

Any talk of scaling back on the QE2 program...BANG go the miners & equities!
I really hope this path to £8 is helping
Sanks




Fed's Bullard says it's time to debate completing QE2
Thu Feb 24, 2011

A senior U.S. Federal Reserve official said on Thursday he thinks it is time to consider tapering off or scaling back a $600 billion bond-buying program because of an improved economic outlook.

"The natural debate now is whether to complete the program or to taper off to a somewhat lower level of assets," St. Louis Federal Reserve President James Bullard said at a Chamber of Commerce breakfast held at Western Kentucky University.

Bullard said that he expects the topic to be discussed at a Fed meeting in March. He said he would be ready to scale back the program then.

[harrybigdick] 23/2/2011 14:29

Think its heading straight to £8 PDQ!
Global economics have changed for the worst...with some calling a probable uprising in China too!

[manuel labour] 10/2/2011 09:01

Well called........

[diku] 24/12/2010 09:41

But there is talk that JP Morgan Silver short is under water...

[contrarian2investor] 23/12/2010 14:28

No surprise then;

JP Morgan revealed as mystery trader that bought £1bn-worth of copper on LME




c2i