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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
Comment by xbox360on Mar 23, 2016 12:14pm
103 Views
Post# 24693079

RE:Emotions, Greed and Ignorance = Disaster

RE:Emotions, Greed and Ignorance = Disaster Yeah I agree. I always get 1 star for doing critical analysis without emotional input. Copper rallied without any fundamental reason so it will be down in the near future. FM will follow. I think it is great deal to sell at these prices and I am not shorting the stock because I never do trades on credit. I only use my own money to minimize risk even if the gain is smaller compared to using credit. Small gain tied to smaller loss works for me. Selling Kevitsa mine was great but FM has a lot of debt to cover. I also think Boliden overpaid for the mine, which is good for FM. End of Q1 is approaching, FM won't likely have the luxury of selling at 2.40 hedged copper price anymore. If management was smart, they would've hedged more going forward at 2.30 though unknown at this time. FM could still be up tomorrow or in the week ahead, but in long term I think it is great to sell at over $7 per share for now.
Bullboard Posts