Just saw the response to the price Query - Nothing, Nada ... Zip , The company knows noothing.... so someone got really excited :D
But whats not to get excited about :o
Its been a bad run and I'm just waiting for the production to begin after the amazing delays ! Maybe then the co is going...
Well this stock has come out of hibernation :D
I guess with all the problems in the Chile and the Copper price hitting new highs every other day the news was bound to trickle down to the punters on the floor that Yes copper co's will benefit from higher prices...now its a matter of how high...
Well that was quite a jump !
It seems to me that the stock is suspended from trading today... No scrip changing hands yet. That jump would have woken up even the most dozy cop (ie ASX ;) - Quite a speeding ticket !
For those of you interested have a look a yesterday's chart ...
Hey there,
I agree the second stock has to be COK - Cockatoo coal.
The company's website has a Fat Prophets report from April 10...and a report from Pattersons
Have a read - very interesting - http://www.cockatoocoal.com.au/research.aspx
cheers
Thats right...but seriously - WHAT THE F*&$ happened...
this seems like a clear case of Deception to the market!
I'm a shareholder and regardless of the problems VRE was having, We have received no indication as what has led to this situation!
Its like Sons on Gwalia... One day Hunky dory...
Ouch ! At $ 2.90 ABY is certainly taking a hit. Guess the Copper price is a direct drag on the SP.
I'm sure even with the production downgrade, at this price ABY has got to be a buy...Or am I being too optimistic?
Maybe its just better to see where the Cu price settles, coz the further is...
In response to you query above,
Check out the article below:
http://www.sharecafe.com.au/fnarena_news.asp?a=AV&ai=5856
This is certainly the reason the SP has taken a hammering, but with the downgrades out of the way, and the SP back near $ 3, its looking good value.
BUT let caution be...
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