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First Quantum Minerals Ltd T.FM

Alternate Symbol(s):  FQVLF

First Quantum Minerals Ltd. is a Canada-based global copper company. The Company produces copper in the form of concentrate, cathode and anode and has inventories of nickel, gold and cobalt. It is engaged in the production of copper, nickel, gold and silver, and related activities including exploration and development. The Company's operating mines include Cobre Panama, Kansanshi, Sentinel, Cobre Las Cruces, Cayeli, Guelb Moghrein, Ravensthorpe and Pyhasalmi. Its development projects include Enterprise, Haquira, Taca Taca and La Granja. Its operating segments include Cobre Panama, Kansanshi, Trident and Ravensthorpe. The Cobre Panama project comprises a series of copper porphyry deposits with main deposits, such as Balboa, Botija, Colina and Valle Grande. The Trident segment includes the Sentinel copper mine and the Enterprise Nickel development project. Its Ravensthorpe Nickel Operation is an open pit mine and primary processing plant located in the southwest of Western Australia.


TSX:FM - Post by User

Bullboard Posts
Comment by Montrealcopperon Jun 17, 2016 6:31pm
104 Views
Post# 24976029

RE:RE:RE:RE:RE:RE:RE:RE:Copper tomorrow

RE:RE:RE:RE:RE:RE:RE:RE:Copper tomorrow Gold may still rally, u have seen the retracement it did from 1981 back to 1302, however the equities might not follow as u saw today gold was still high but they keep dropping, Reason most people dont think it is a sustainable rally, because as soon as the result of the referendum comes out and Britain stay, gold will drop back to 1280s. but if brexit happen oh yeah u might see gold going to 1400.

now it is tricky because gold is already above 1300 and equitties are low if u buy and gold drops u will wake up with a huge gap down, and it is not wise to short now because equities already dropped alot and gold might still rally.

my recommendation will be wait on monday if gold is going strong buy and if it starts dropping exit and short  ( but if gold is strong on monday it wont significantly drop before the referendum anyway)
another thing is the referendum might be postponed due to the killing of Jo Cox, as you know the campaign is suspended, 
so alot of thing to take into consideration
Bullboard Posts