NorthWest Copper Corp. V.NWST

What to expect today, downtrend .35cents target base

[pulcan]

hi all,  another day in copper trying to stay above $3.70 a lbs.  Unfortunately CHINA is flooding the markets with a lot of copper and lowering prices. This is to prevent a recession and we all know how much CHINA love copper. This wil put a lot of pressure on every copper miner and all stocks in this space. As for Northwest Copper we are looking for a .35cents as a base or support leve for the worst case. I believe this is the lowest we can go and market cap just over $50 miilion to hold. There is no news from Peter Bell and the fact we need to give up over 7million shares on the last $3 will hurt us and that should do it. We hope to go forward into July and maybe start off with drill results. I do not understand this management anymore and seems the old SUN METALS team is back in some way. This is why i told everyone to vote and our last chance to shake this company up. David is gone and maybe retired at this point and he sold off 100k shares over the past few months in Q1 at .61 cents. Good for him he deserves it and he still has millions of shares. Right now Copper is going lower and might support at $3.70 but will not last.  See the latest BIDS vs ASK,  POSCO good luck in getting lower prices as they must be smilling right now as they get a lot of shares to end the relationship. 

Level two quotes - Bid

Number of Shares		Bid Price
500 shares	500	0.395
45,500 shares	45,500	0.390
500 shares	500	0.385
15,500 shares	15,500	0.380
500 shares	500	0.375
500 shares	500	0.370
500 shares	500	0.365
17,000 shares	17,000	0.350

Level two quotes - Ask

Ask Price	Number of Shares
0.430	6,000	6,000 shares
0.435	8,000	8,000 shares
0.480	14,000	14,000 shares
0.490	5,000	5,000 shares
0.500	16,500	16,500 shares
0.530	500	500 shares
0.550	4,000	4,000 shares
0.580	4,000	4,000 shares
0.590	4,000	4,000 shares
0.600	12,000

[bengy21]

Hi Pulcan, where did you get the information that China is flooding the market with copper? Can´t find any information about that. Indeed and I quote "metal stock levels monitored by the LME and SHFE dropped to a fresh low this week according to Ole S Hansen from Saxo Bank and thereby adding to the disconnect between sharply lower prices and low availability of stocks." 

[pulcan]

hi there,   easy  just google the word copper,  and there are many articles.... sometimes they are within many reading updates so its all about the websites that you visit sometimes and you need to read a lot of the updates and market post.