Post by
traxbyweb on Jun 13, 2014 5:21pm
Still expecting end of June no material change
Couple weeks left to get the big picture on where this company sits. They say no material change today so I would expect production to be conintuing at expected rates and this company making 1- 1 1/2 cents per share per month. Hard to believe sitting at around 17-18 cents. Seems no one wants to sell under 20 cents. I guess I should have not mentioned the copper chart and possible break out, copper price got hit hard as it tried to break a long term resistance point. Not sure what that means but hopefully things will start to slowly inch up again for another run later in the summer when demand picks up again. LME reserves show smaller declines but still going down - positive. Would be nice if we could know the China copper inventories. Seems there is a glut in China but all held privately so would need to be an insider to know if supplies are up or down. GLTA