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Old 08-04-2009, 02:33 PM   Nav to Top  #1
jiggs
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Default Copper producers: AVM, ML, TCK.B

With the price of copper reaching 12 month highs at 2.78 at pound now, I think all three of these are due for a nice pop this week or in the short term. I think AVM and ML are still good buy ins at their current prices. I'm in for 5k shares in each of AVM and ML. Copper has been good to me
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Old 08-05-2009, 11:25 AM   Nav to Top  #2
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I remember you already have some ML in your pocket, did you still have them?
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Old 08-05-2009, 03:40 PM   Nav to Top  #3
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Originally Posted by jiggs View Post
With the price of copper reaching 12 month highs at 2.78 at pound now, I think all three of these are due for a nice pop this week or in the short term. I think AVM and ML are still good buy ins at their current prices. I'm in for 5k shares in each of AVM and ML. Copper has been good to me
Good for you...I'm happy for you.
Where do you see the daily copper price on the website?

Regards,
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Old 08-05-2009, 03:46 PM   Nav to Top  #4
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I know this is Canadian extraction companies but you should check CPRK on pink sheets if you're able... here's a great summary interview with IR person - http://www.billchippasshow.com/2009/...ow07232009.mp3

Check out the CPRK thread on this site too and do your own DD!
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Old 08-05-2009, 04:35 PM   Nav to Top  #5
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Originally Posted by tws View Post
Good for you...I'm happy for you.
Where do you see the daily copper price on the website?

Regards,
I check on the following site. Has the up to date price as well as the price for next 3 months:

Copper Prices, London Metal Exchange and COMEX Copper prices, Copper news, charts, historical prices.

Copper closed at 2.82 today!
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Old 08-05-2009, 04:40 PM   Nav to Top  #6
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Originally Posted by foldhero View Post
I remember you already have some ML in your pocket, did you still have them?
Yeah I'm in for 6000 shares at 1.83 - great jump today. I was so bullish on copper that I also bought 5000 shares of AVM at 2.04 last friday with my non everyday trading account (Questrade) - bloody Scotia charged me $142 for the transaction!

But copper has been very good to me. I started trading in January for the first time ever and I'm up 140% mostly due to RIM, OPC and AVM. So when I sold AVM at 2.01 two weeks ago I was very eager to get back in.

I'm holding AVM for 2.45 and ML for 2.30. Once that happens - probably tomorrow I'm gonna pull out and wait for another pull back. I'm also going to go back in with OPC soon although NRI is tempting me.

Cheers,

Jiggs
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Old 08-05-2009, 07:45 PM   Nav to Top  #7
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Originally Posted by jiggs View Post
I check on the following site. Has the up to date price as well as the price for next 3 months:

Copper Prices, London Metal Exchange and COMEX Copper prices, Copper news, charts, historical prices.

Copper closed at 2.82 today!
Thanks jiggs.

Best of luck to you!
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Old 08-05-2009, 07:46 PM   Nav to Top  #8
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Originally Posted by jiggs View Post
Yeah I'm in for 6000 shares at 1.83 - great jump today. I was so bullish on copper that I also bought 5000 shares of AVM at 2.04 last friday with my non everyday trading account (Questrade) - bloody Scotia charged me $142 for the transaction!

But copper has been very good to me. I started trading in January for the first time ever and I'm up 140% mostly due to RIM, OPC and AVM. So when I sold AVM at 2.01 two weeks ago I was very eager to get back in.

I'm holding AVM for 2.45 and ML for 2.30. Once that happens - probably tomorrow I'm gonna pull out and wait for another pull back. I'm also going to go back in with OPC soon although NRI is tempting me.

Cheers,

Jiggs
What do you think of OPC now? It is not moving at all.
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Old 08-10-2009, 01:56 AM   Nav to Top  #9
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Default AVM to halt trading to issue announcement regarding financing

According to the ASX website...

AVM expects later today to issue an announcement regarding a funding
transaction that will allow for the completion of its $380 million
Kinsevere Stage II Solvent Extraction - Electrowinning plant in the
DRC.

Owing to the pending nature of the announcement the details of which
are currently being finalized we request that the company's shares be
placed in a trading halt on the ASX.

http://www.asx.com.au/asxpdf/2009081...fxn8908k4b.pdf
http://www.asx.com.au/asxpdf/2009081...9yk6318r3l.pdf
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Old 08-10-2009, 08:25 AM   Nav to Top  #10
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Originally Posted by Rudee View Post
According to the ASX website...

AVM expects later today to issue an announcement regarding a funding
transaction that will allow for the completion of its $380 million
Kinsevere Stage II Solvent Extraction - Electrowinning plant in the
DRC.

Owing to the pending nature of the announcement the details of which
are currently being finalized we request that the company's shares be
placed in a trading halt on the ASX.

http://www.asx.com.au/asxpdf/2009081...fxn8908k4b.pdf
http://www.asx.com.au/asxpdf/2009081...9yk6318r3l.pdf
So far I haven't seen any news on a halt to trading on the TSX. In pre market the price is at 2.45 right now. If there is no halt and the opening price is 2.50 or below I suggest you jump on that. With the price of copper above 2.80 today and this announcement, AVM can easily hit 3.00 today.
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