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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
Post by bond46on Mar 04, 2016 12:41pm
135 Views
Post# 24622769

Tips and Up-ticks

Tips and Up-ticks
At 12pm the massive selling started. This confuses people as to who is selling and why. First in a short-squeeze situation, you have the longs selling and probably the shorts trying to re-enter the short positions higher. But given that the market sentiment has changed from bear to bull, shorts will not likely try to re-establish positions. So the people selling are likely the longs who either want to get out or the investment dealers( market makers) who bought at various levels on the way down and now they are unloading their stocks back to those who had borrowed them in order to sell them, That it's not the shorts that are selling but the longs becomes evident from the rapid succession of these batches of stocks sold. For the shorts to sell, they need an uptick in the sp before they short massively. But not the longs. Longs can sell in rapid succession without waiting for a buyer and the uptick in price. Within 10 minutes 700000 shares changed hands. These trades are long not short. So let us not blame the short sellers for trying to depress the stocks. In fact in a short squeezed they want the stock to be depressed in order to cover positions.
Bullboard Posts