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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 gambit339on Mar 07, 2016 9:12am
74 Views
Post# 24629028

Looks like...

Looks like...
we will be in for a ride.  Who knows what is going to happen.

China news might not be as big of a deal as the people selling and taking profits on Friday thought.
Copper is currently higher than Friday's close.
Bid / Ask is at 7.15 currently, up +$0.10 over Fridays close. 
Oils up.

But, I might as well flip a coin to see which way this is going.

Best case scenario for me. Strong rally in the morning so I can sell and lock in some profits.  Buy back down around $6, then wait for some good news of debt consolidation.

Things take time tho, I feel no news will be given till atleast after the 15th of the month.  Why rush it and push the timeline when metals are up.  Take the time to work a better deal on the sales of assets to kill debt. 
Bullboard Posts