China Copper imports to decline?just to keep everything in perspective and why at least until the summer of 2010 copper could be under pressure. I am a "chart guy" but here is a fundamental piece of evidence that backs up my contention that copper us undergoing a huge correction of its rally from the 2008 lows. I am a long term bull but perspective is important. Even if SA comes out with "good news" the stocks response may be somewhat muted due to declining copper and gold prices and a weak mining stocks sector.
That actually may be more bullish for SA longer term as it's "best news" environment may actually coincide with the next huge up cycle in the commodities sector which I expect after this years corrections finish. My point is to not be surprised if the stock stays in a sideways trading range for months, unless of course we strike a deal for one or more of our properties after final IUP's are awarded. I remain long and strong. Just my 2 cents.
MK
https://www.li-po.com.cn/En/news_default.asp?id=104