ARG bought back another 100,000I wouldn't mind at all if more people sold the stock down to $2.10 to capitalize on fact that ARG buying there. Buybacks enhance per share value.
Copper still hovering above $3.00. With no disruptions from strikes and initial production from Colihues (though grades will be abnormally low in the first 6 months) I think ARG will report a better Q4 vs. Q3's EPS of $0.07. Even though copper price realizations will be 10% below Q3 electricity costs, which are still sky-high, should be "less" sky-high as the peak of winter (when demand is very high) was in Q3.
Still expecting EPS of $0.09 in Q4. That's a good number. Q1/2008 based on $3.00/copper should be $0.10.