MERCATOR MINERALS um Meinungen - 500 Beiträge pro Seite

[mfierke]

wird gebeten, da noch kein Thread vorhanden und ich am WE sehr viel drüber gelesen habe.

Gruß mfierke

[mfierke]

hier mal ein paar wichtige Daten:

Mercator Mineralien Ltd. („Mercator“) ist eine variierte Naturresourcefirma, die an der Erforschung, der Entwicklung und dem Bergbau der niedrige und kostbare Metallablagerungen teilnimmt. Mercator produziert z.Z. durch SX/EX Laugeextraktion ungefähr, das 1 Million vom Kupfer ein Monat an seiner vollständig-besessenen Mineralpark-Grube zerstößt, die nahe Kingman gelegen ist, Arizona („Mineralpark“). Die Firma hat vor kurzem eine Zweiphasenexpansion seiner Mineralparkbetriebe zu einem Kupfer 50.000 Tonne pro Tag begonnen und Molybdänprägebetrieb, der erwartet wird, um Gesamtmineralparkdurchschnitt jährlichen Produktion überschuß zu erhöhen, den, die ersten 10 Jahre eines die 25-Jahr-Grube Lebens bis 56 Million vom Kupfer zerstößt, 10 zerstößt Million vom Molybdän und .6 Million zerstößt vom Silber.

Die erste Phase der Expansion zu einer 25.000 Tonne pro Tag Betrieb prägend wird für Beendigung das zweite Viertel von 2008 festgelegt und ist eins der größten, weitesten vorgerückten Kupfermolybdän Expansion Projekte in Nordamerika. Verbindungen bitte sehen: Gegenwärtige Reserven und Hilfsmittel schätzen Tabelle; Expansion übersicht-Tabelle; und, Dezember 2006 einleitender Durchführbarkeitsanalyse-technischer Report, unten.

Mercator wird auf der Toronto Börse unter dem handelnden Symbol „ml“ verzeichnet. Am 1. März 2007 hatte Mercator 72.2 Million herausgegebene und hervorragende Anteile.

Mercator versieht Investoren mit Aussetzung zur laufenden rentablen SXEW kupfernen Produktion von einer ermöglichten, funktionierenden Grube, die in einer der vorteilhafteste, beständigste Welt gewinnenjurisdiktionen sowie kurzfristige Aussetzung an der gleichen Grube bis eins der größten Molybdän-/Kupferprägeexpansion Projekte in Nordamerika und längerfristige Aussetzung zu den weiteren Reserve- und Produktionsexpansionen gelegen ist.

freue mich auf rege Anteilnahme, denn die Aktie könnte evtl. eine gute Depotbeischung sein. Nur meine Meinung

[bmann025]

Thread: Mercator Minerals - sehr gute Chance mit Kupfer-Molybdenum

[mfierke]

Antwort auf Beitrag Nr.: 28.723.582 von bmann025 am 09.04.07 07:41:40

wieso steht der nicht unter der Aktie???? ich finde da keinen Thread 1036180

[mfierke]

habe den Thread der Aktie zugeordnet

[mrfriendly]

sieht short aus,
würde Rückgang auf mind. 4,40 CAD abwarten,
wäre mir ansonsten kurzfristig zu riskant.
MfG

[dermitdemcashtanzt]

schau mal hier


1036180

[mfierke]

Antwort auf Beitrag Nr.: 28.771.212 von dermitdemcashtanzt am 12.04.07 09:35:33

1036180

[Schwabinho]

Freitag Riesenumsätze in Canada!!!

5,05
+7,45 %
3.119.046

[i-Project]

Für alle die gerne alle unsere MolyPerlen auf einen Blick verfolgen möchte eine kleine Hilfe.

http://members.a1.net/xmile/Molyperlen.htm
Kritik und Anregungen sowie Neuaufnahmen von MolyPerlen werden gerne entgegen genommen:

Viel Spass und Steuerfreie Gewinne

[Boerseaner]

Empfehlungen von Aktionär für Largo Ressources Kursziel 1 Euro!!! und Mercator Minerals Kursziel 7 Euro!!!! Wenn ich noch geld hätte wer ich auch in Mercator rein! Beide Heute dick im Plus

[Boerseaner]

Ups da ist er von 3,66 schon auf 4 Euro. Naja immer noch kein Geld leider noch in werten wie oriental und county die nicht laufen. Wenn die etwas anziehen bin ich bei mercator aber auch dabei. Largo läuft super + 30 Prozent seit meinem letzten posting hier.

[segelmaus111]

Hi,
bin jetzt auch hier investiert. Scheint mir der Wert zu sein, der augenblicklich unter den Moly-Werten das beste mitelfristige Potential hat

[segelmaus111]

5,43€

jep...das sieht doch gut aus

[namib22]

Antwort auf Beitrag Nr.: 29.894.293 von segelmaus111 am 14.06.07 17:12:22

Sind aber wohl noch recht wenige in D investiert.

Das gilt wohl auch für ROCA

und
.
.
.

.
.
.
.
. DRAGON OIL.

[segelmaus111]

Antwort auf Beitrag Nr.: 29.933.667 von namib22 am 15.06.07 09:04:46

das hier in Deutschland nicht so viel investiert sind, halt ich nicht für so problematisch, da ich sowohl roca wie auch mercator für fundamental sehr stark halte. Solange der molybdän-preis nicht nachhaltig nachgibt, und davon gehe ich nicht aus, sollte eine positive Kursentwicklung durch Canada gesichert sein.

Viel Spaß übrigens in Kanada und ich bin auf den Bericht von der Roca-Mine gespannt. Ist es schwierig eine Einladung der Investor-relation zum Besuch der Miene zu erhalten?

LG
segelmaus111

[segelmaus111]

Die Woche beginnt schon mal ganz gut

[segelmaus111]

Mercator Provides Construction Update

KINGMAN, AZ, June 18 /PRNewswire-FirstCall/ - Mercator Minerals Ltd is pleased to announce significant progress in the construction of the 50,000 ton per day concentrator at the Company's wholly owned Mineral Park Mine located in Kingman Arizona.

The two sag mill foundations have been poured and the forming of the support columns is well underway. The construction of the base for the tower crane is complete and the first tower section has been installed.

The SAG mills purchased by the Company in December 2006 were shipped last month from Vancouver to the Port of San Diego. The SAG mills have been moved from the Port of San Diego to Kingman by heavy haul trucks earlier this month. "The delivery of the SAG mills to Kingman is a major milestone and we are pleased to have them safely in Kingman," said Mike Surratt President & CEO. "We are very pleased with our on site construction team and their quality and schedule" said Surratt.

The new O&K shovel and four additional haul trucks recently purchased by the Company were put into service this month. Pit production has increased accordingly. The second shovel completes the loading unit requirements for the expansion at the mine. With the addition of the four haul trucks to the existing fleet, only two additional trucks are required for the expansion at Mineral Park, with the last two trucks not being required until next year.

Cathode production for May was 1,056,786 pounds and was the second highest month on record.

Mercator Minerals Ltd.

Mercator Minerals is a copper producer that owns and operates the Mineral Park copper mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit. Mercator, in its January 8, 2007, news release, announced positive results from an independent technical study for the expansion of its wholly owned Mineral Park copper mine to a 50,000 ton-per-day milling operation with production of copper-silver and molybdenum concentrates averaging 56.4 million pounds of copper, 10.3 million lbs of molybdenum and 0.6 million ounces of silver per year over the first 10 years of operation in parallel with its current SX/EW copper production. The Company has filed a technical study for an expansion of increased copper production plus molybdenum, and silver production.

On Behalf of the Board of Directors
MERCATOR MINERALS LTD.
Per:
"
Michael L. Surratt

[segelmaus111]

jeden Tag 1 % Kurssteigerung bringt im Monat auch eine sehr erfreuliche performance

[KGV900]

hab das teil jetzt auf Watch...

[segelmaus111]

TORONTO, July 4
TSX: MLY, MLY.WT - Sprott Molybdenum
Participation Corporation (the "Corporation") announces that its net asset value as at June 29th, 2007 was $240 million or $5.40 per issued and outstanding common share. The fair market value of securities of companies that explore for, mine and/or process molybdenum held by the Corporation (the "Portfolio Investments") was $196 million, the fair market value of molybdenum
oxide purchased for delivery in the forth quarter was $20.5 million and $50 million was invested in cash and money market securities as at June 29, 2007. Gross appreciation in the value of the Portfolio Investments since January 1, 2007 was approximately $36 million. Please note that all of the figures are approximate and unaudited. The Corporation calculates its net asset value and the fair market value of the Portfolio Investments at 4:00 p.m. (Toronto time) on the last day of each week that the Toronto Stock Exchange is open for business.
Top ten holdings (as at June 29, 2007)
1. Thompson Creek Metals Company Inc.
2. Idaho General Mines Inc.
3. Quadra Mining Ltd.
4. Inca Pacific Resources Inc.
5. Mercator Minerals Ltd.
6. Roca Mines Inc.
7. Moly Mines Limited
8. International PBX Ventures Ltd.
9. Galway Resources Ltd.
10. Golden Phoenix Minerals Inc.

About Sprott Molybdenum Participation Corporation
-------------------------------------------------
The Corporation is an investment holding company created to invest in molybdenum assets. The primary investment objective of the Corporation is to achieve capital appreciation by investing in securities of private and public companies that explore for, mine and/or process molybdenum and by investing in, holding, selling and otherwise transacting in all commercial forms of molybdenum. It is not an investment strategy of the Corporation to actively speculate with regards to short-term changes in molybdenum prices. The Corporation's investment mandate will provide investors with several benefits. It will provide investors with the opportunity to invest in commercial forms of molybdenum, which is currently unavailable through an exchange. In addition, it will provide investors with a diversified portfolio of securities of private and public companies that explore for, mine and/or process molybdenum. No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been and will not be offered or sold in the United States or to, or for the account or benefit of, a "U.S. person", as such term is defined in Regulation S under the United States Securities Act of 1933, as amended. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of these securities in the United States.

[segelmaus111]

Mercator Reports Record Copper Production for the Second Quarter

KINGMAN, AZ, Jul 17, 2007 (Canada NewsWire via COMTEX News Network) --
TRADING SYMBOL: TSX - ML

Mercator Minerals Ltd is pleased to announce that it attained record production of Cathode copper at the Mineral Park Mine during the second quarter of 2007. Cathode production for the three months ended June 30, 2007 was 3,086,340 pounds for a total of 5,724,550 pounds produced to June 30, 2007. PLS grades continue to improve going into the third quarter, with the Company on track to have another outstanding quarter in the third quarter of 2007.

Michael L. Surratt, the Company's President and CEO stated: "Cathode production at Mineral Park is increasing. Mining tonnage production is above plan, and July has started where June left off and we expect to have an outstanding third quarter."

The Company also reports that during the quarter, the second O&K shovel and four additional haul trucks were purchased by the Company and put into service, thereby leading to the increased pit production. The second shovel completes the loading unit requirements for the expansion at the mine. With the addition of the four haul trucks to the existing fleet, only two additional trucks are required for the expansion at Mineral Park, with the last two trucks not being required until next year.

Significant progress was made since the last update on the construction of the 50,000 ton per day concentrator. The sag mill and trunion bases for both of the sag mills have been poured. The rebar installation for the ball mill is underway. The Company has also purchased the two primary 230 KVA transformers required for the power upgrade at Mineral Park. Construction and procurement of all equipment and infrastructure items is progressing well.

Mercator Minerals Ltd.

Mercator Minerals is a copper producer that owns and operates the Mineral Park copper mine in Arizona, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit. Mercator is progressing with construction of the Mineral Park copper-moly concentrator which at full operation will produce an average of 56.4 million pounds of copper, 10.3 million lbs of molybdenum and 0.6 million ounces of silver per year over the first 10 years of operation. The first phase of the mill production at 25,000 tons per day is scheduled for the second quarter of 2008.

On Behalf of the Board of Directors

[i-Project]

!

Dieser Beitrag wurde moderiert. Grund: Spammposting

[segelmaus111]

schade, dass mercator hier ib D kaum wahrgenommen wird. in anderen Threads wird die Aktie zwar immer mal wieder positiv erwähnt, hier postet leider niemand mehr.
Trotzdem eine interessante Info:

Die Wandelanleihe zur Finanzierung von Mercator notiert bei 105%. Das bedeutet, das trotz steigender Zinsen der Kurs gestiegen ist. Alle Käufer spekulieren auf zusätzlichen Wandlungsgewinn, d.h. billigen Bezug der Aktie.

[Hopi1]

Antwort auf Beitrag Nr.: 30.948.607 von segelmaus111 am 31.07.07 12:03:46

ich verstehe das nicht...

bei halber kapa ab 2008 kommen fuer mich schon gigantische gewinne zum vorschein:
ca. 25 mio. pfund kupfer *ca. 2$ gewinn/pfund = 50 mio.$
ca. 5 mio. pfund Mo * ca. 20$ gewinn/pfund = 100 mio.$ (?)
und noch ein bischen silber...
dh: KGV 2008 bei ca. 3-4
kgv bei voller kapa: 1,5 - 2
wann ist die volle kapa erreicht? schon 2009?

ich bin kurz davor, bei roca und mercator einzusteigen...
warte im prinzip nur noch die naechsten stuermischen tage ab. da koennten noch irrational gute kaufkurse entstehen...

viel erfolg an alle, hopi1

[toller]

Antwort auf Beitrag Nr.: 30.948.607 von segelmaus111 am 31.07.07 12:03:46

es gibt übrigens auch noch den thread:
Thread: Mercator Minerals - sehr gute Chance mit Kupfer-Molybdenum

[allesneu]

Hall, wollte in Mercator und Roca heute investieren. Hier ist so wenig los. Hat jemand eine Meinung hierzu ?

[dafi1974]

Antwort auf Beitrag Nr.: 31.236.976 von allesneu am 21.08.07 10:42:17

Habe gestern von ROCA in MERCATOR umgeschichtet und in CAN zu 5,32 $gekauft.Ich denke wenn sich die märkte etwas beruhigen laufen wir wieder schnell richtung 7-8$
Das beste bei ML sind die abbaukosten von nur 3 usd per lb moly
bei TCM liegen die so viel ich weiss bei 6-6,5$ und mann ist nicht nur auf moly angewiesen da werden auch 56 mln lb kupfer abgebaut

[allesneu]

Antwort auf Beitrag Nr.: 31.237.173 von dafi1974 am 21.08.07 10:53:59

Dank, habe Kauforder für Roca rausgenommen und in Mercator investiert.

[Broker_Hans]

Antwort auf Beitrag Nr.: 31.238.979 von allesneu am 21.08.07 13:10:01

Das häteich aber nicht gemacht

[Broker_Hans]

Antwort auf Beitrag Nr.: 31.242.933 von Broker_Hans am 21.08.07 17:18:17

Das hätte ich aber nicht gemacht

[allesneu]

Antwort auf Beitrag Nr.: 31.242.950 von Broker_Hans am 21.08.07 17:19:46

der kurs gibt mir aber recht.oder?

[allesneu]

Was ist denn hier los. gestern gekauft. Heute beriets 15 % plus. Ist mir alles viel zu schnell. Gehts nicht a' bisserl langsamer.

[allesneu]

Interessant. In Toronto 400.000 Stück Umsatz und hier bei uns wenn es hoch geht 100 - 400.

Die Aktie müsste doch auch hier bekannt sein bzw. werden.

[xacus]

Mercator Signs Framework Agreement for Moly Concentrate Sales
TRADING SYMBOL: TSX - ML

KINGMAN, AZ, Sept. 11 /CNW/ - Mercator Minerals Ltd. today announced that
its wholly owned subsidiary Mineral Park Inc. has entered into a long term
framework agreement with UK based Derek Raphael & Co. Ltd. ("DRC") for the
molybdenum concentrates produced at the Mineral Park Mine located in Kingman
Arizona.
The Framework agreement entered into with DRC is a ten year agreement,
under which DRC will purchase all of the molybdenum concentrate production of
the Mineral Park Mine, which is currently foreseen to average 10.3 million
pounds of molybdenum annually over the first 10 years of the current 25 year
mine life. Payment for the molybdenum concentrates will be made FOB the
mine-site. The first production of molybdenum concentrates are expected during
the second quarter of 2008. "We are very pleased to complete this contract
with DRC," said Mike Surratt, President and CEO of Mercator. "DRC is a very
reputable and well known international Molybdenum dealer who has roasting
capacity all over the world." Molybdenum is currently selling for
approximately US$32 per pound. Mercator used a short and a long term price of
US$10.16 per lb for Mineral Park's economic evaluation and US$7.50 per lb. to
calculate ore reserves.
Additionally, the Company reports that none of its cash or short term
investments is exposed to any investment in asset backed commercial paper in
Canada or the United States. "All of our cash is invested in term deposits,
T-bills, Banker's acceptances and US government sponsored securities and none
of the cash is exposed to investments that would have an impact on our
liquidity," said Mike Surratt, the Company's President and CEO.

Construction Update
-------------------
Significant progress was made since the last update on the construction
of the 50,000 ton per day concentrator. The two 230 KVA transformers have been
received on site and their bases have been poured. The reclaim tunnels are
excavated and rebar and forming are underway. The first SAG mill foundation
has been poured and the first motor base on the number one sag has been
poured. Sub excavation for the flotation circuit is complete and the copper
cleaner flotation cells are ready for shipment to the mine-site. The
concentrate regrind tower mill has also been received on site. The Project
remains on schedule for Phase 1 start up the second quarter of 2008.
The mill will operate at 25,000 tons per day during Phase 1 which is
scheduled for completion in the second quarter of 2008 and will expand to
50,000 tons per day in Phase 2, which is scheduled for completion in the first
quarter of 2009. At 50,000 tons per day Mineral Park will produce 56.4 million
pounds of copper, 10.3 million pounds of molybdenum and 0.6 million ounces of
silver per year over the first 10 years of operation.

About DRC

DRC is the largest trader of Molybdenum concentrates and further
downstream products worldwide. DRC supplies the steel, engineering,
non-ferrous metal and chemical industries. Their core business consists of
processing Molybdenum concentrates into Molybdic oxide or Ferro Molybdenum
(products purchased by Stainless steel mill for the production of
non-corrosive steel).
DRC sells approximately 20 million lbs Mo annually to their customers.
They purchase Molybdenum concentrates from a variety of mines worldwide
including Rio Tinto, Teck Cominco, Codelco, SPCC, Phelps Dodge and Antofagasta
and they sell to the largest Steel Producers in the world such as Outokumpu,
Mittal, Techint Group, Krupp, Tyssen, Mannesmann and Arcelor.

Mercator Minerals Ltd.

Mercator Minerals is a copper producer that owns and operates the Mineral
Park copper mine in Arizona, with a corporate strategy focused on maximizing
the production potential of the Mineral Park copper-molybdenum deposit. The
Company has filed a technical report for an expansion of copper production
plus molybdenum and silver production.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,
President

Quelle:
www.newswire.ca/en/releases/archive/September2007/11/c7477.html

[Fischfreund2]

KZ laut Blackmont nun 12.50 $ !!

https://clients.blackmont.com/webapp/v3w3/view.jsp?id=36623

[Suesser34]

Antwort auf Beitrag Nr.: 31.540.052 von Fischfreund2 am 11.09.07 22:58:55

Funktioniert leider nicht Dein Link.

Musste den Artikel mal in Text umformatieren und dann hier posten.

Gruss,
Suesser

[haemahigemao]

Antwort auf Beitrag Nr.: 28.954.980 von i-Project am 23.04.07 16:20:03

langsam wirds lukrativ !

[Mineralus]

Sehe ich genau so. So langsam kann man hier richtig Kohle machen!!

[Dantyren]

TORONTO, Oct. 19 /CNW/ - The following issues have been halted by Market
Regulation Services (RS):

Issuer Name: Mercator Minerals Ltd
TSX Ticker Symbol: ML
Time of Halt: 10:29 A.M. EST
Reason for Halt: Pending News

[Radikalinsky]

Antwort auf Beitrag Nr.: 32.086.231 von Dantyren am 19.10.07 16:53:27

Mercator kauft Tyler (Cu-Zn-Mo-Ag-Au-Mine in Mexiko).

http://ca.news.finance.yahoo.com/s/19102007/30/link-finance-…

[928]

Antwort auf Beitrag Nr.: 32.088.050 von Radikalinsky am 19.10.07 18:43:50

mensch..hab probiert hier schon seit einiger zeit zu etwa 6,50€ reinzukommen...mist!

Ich warte trotzdem nochmal ab..wenn der markt wieder nachlässt ergibt sich bestimmt was..Mercator ist nämlich gut..nicht wie bolero oder so ein zeug...

[haemahigemao]

Antwort auf Beitrag Nr.: 32.090.168 von 928 am 19.10.07 21:45:46

mal Kohle durch das Gold und bald mit dem Moly, Freunde es läuft weiter aufwärts !

[segelmaus111]

Wie schade, dass Mercator in D nahezu unbeachtet bleibt, aber was solls, bald sind die ersten 100% Gewinn eingefahren

[928]

Antwort auf Beitrag Nr.: 32.307.731 von segelmaus111 am 06.11.07 14:10:02

hallo jungs,

überleg schon seit längerem hier einzusteigen..wollte immer abwarten bid der kurs mal nen rücksetzer macht..macht er aber nicht

Soll man jezt noch einsteigen bei dem aktuellen kurs??

[Sharedealer]

Ganz einfach: Wenn Du 2000 Euro investieren willst, dann kaufst Du jetzt für 1000 Euro. Sollte es wieder fallen, kaufst Du nach.
Ich denke bis Mitte nächsten Jahres steht Mercator bei 12-15 Euro.

[Radikalinsky]

Antwort auf Beitrag Nr.: 32.321.193 von Sharedealer am 07.11.07 10:31:03

Gibt gute News:
http://biz.yahoo.com/cnw/071106/mercator_min_updates.html?.v…

Erweiterung Mineralpark geht voran, mußten Quartalsbericht korrigieren, nach oben versteht sich.

Gruß, Rad (vom PDA)

[segelmaus111]

Antwort auf Beitrag Nr.: 32.334.013 von Radikalinsky am 07.11.07 23:25:09

Ganz besonders gefällt mir die Perspektive die in der Meldung gegeben wird. Wenn es so kommt wird das hier eine ganz große Sache

[internetexplorer28]

Hallo

Überlege bei mercator einzusteigen...hatte die im Frühjahr schonmal und der Kurs nervt mich langsam (im positiven Sinne für Euch)

Wolte nur fragen ob einer eine Faktenmaufstellung hat, also resourcen, Abbaumenge, habe was von kgv 3 gelesen?? Na ja, ich mache sowas immer für meine Aktien, einfach um bei roten Tagen entspannt zu bleiben. Wäre schön wenn mir das einer per B: schicken kann, revanchiere mich dann auch mit anderen Aktien die interessieren.

Aber im Thread würde so eine kurze Übersicht auch mal gut aussehen.

Danke

[micdid]

Antwort auf Beitrag Nr.: 32.358.653 von internetexplorer28 am 09.11.07 11:29:33

Hallo Internetexplorer,

du hättest gerne Zahlen? Ok, ist zwar nicht von mir, ich weiss aber wo es steht...

Erstmal hier ein anderer Thread von Asynchronmaschine in dem ich immer mitlese: http://www.wallstreet-online.de/community/thread/1128563-1.h…

Frag mich nicht weshalb der nicht verlinkt ist. Vielleicht schnallen die Jungs es nicht oder wollen unter sich bleiben.

Asynchron... macht jedenfalls gute Arbeit was Moly allgemein angeht.
Hier noch ein Service von ihm, denn ein schöner Vergleich zwischen Produzenten, Explorern etc ist doch bestimmt auch nach deinem Geschmack. Denke Asyn... hat nichts dagegen.

http://spreadsheets.google.com/pub?key=pSvrnHoPCA_n1LxRkQQup…

Und wenn du noch richtig viele Zahlen möchtest kann ich noch dies von RudiXXX anbieten: Voila

Leicht kosmetisch behandelt. weil in Stockhouse kaum lesbar


Please see important disclaimers at the end of this report.
WWW.ORIONSECURITIES.CA
George Albino [phone] [e-mail]
John Graham [phone] [e-mail]
Matthew Sheppard [phone] [e-mail]
October 24, 2007 s1
ML, TSX – C$8.98 12-Month Target: C$11.50
Rating: Overweight
Potential Return: 28%
Market Cap: $624 million
All values in US$ unless otherwise noted.
What’s Changed (2007E)
Previous New
Revenue $30.5 Unchanged
EPS $0.07 Unchanged
CFPS $0.07 Unchanged
Rating Overweight Unchanged
Target C$11.50 Unchanged

What Happened?
• Mercator announced it intends to make an offer to acquire all outstanding shares of Tyler Resources a ratio of 0.113x Mercator share for each outstanding share of Tyler.
• Based on Mercator’s October 18, 2007 closing price of C$9.80, this translates into C$1.11 –the proposed bid representing a 50% premium over Tyler’s closing price on October 18.
• The total value of the bid (as of October 18) is estimated at approximately C$115 million (C$124 million FD). Should the bid succeed, TYS shareholders will own 16% of MergeCo.
• Mercator is after the Bahuerachi project in Chihuahua, Mexico which hosts a resource of 605Mt grading 0.40% copper and 0.54% zinc, with minor gold silver and molybdenum.
What Does it Mean?
• A recent scoping study outlined potential for a major open-pit operation based on an in-pit resource of 250 million tonnes at an average grade of 0.43% copper, 0.008% molybdenum, 0.93% zinc, 0.04 g/t gold and 4.95 g/t silver – the LOM stripping ratio is estimated at 2:1.
• Annual production is expected to average of 185 million lbs copper, 310 million lbs zinc, 2.3 million lbs molybdenum, 14,000 ounces of gold and 2.8 million ounces silver over a 12-year mine life.
• In the study, operating costs are estimated in the $10.50/t range and life-of-mine capex of approximately $620 million (with initial capex of $550 million).
• We model Bahuerachi starting in late 2010 – development would coincide with startup of the Phase 2 expansion at Mineral Park. We expect that a significant part of the development capex could be funded through cash flow from Mineral Park.
What Is it Worth?
• This looks to be a case of “the price is right”; over the long-term the transaction appears to be accretive to Mercator on all key measures.
• For instance, a preliminary look at potential EBITDA from Bahuerachi suggests that it should generate about $400 million/yr at OSI long-term metal prices.
• Between the proposed acquisition cost of $112 million and initial capex of $700 million this would add about $800 million to Mercator’s EV, for an EV/EBITDA of 2:1. This compares with Mercator’s previous forecast EV/EBITDA in the 3:1 range.
• Based on our financing assumptions, CFPS would be diluted by approximately 25% through 2010, but would increase by an average of 175% over the following five years.
• Our 8%-discounted NAV would increase by about 60% to $15.30/sh.
What to Do
• We reiterate our Overweight rating and our C$11.50 target for Mercator Minerals.
• Near-term risks include a higher bid (possibly in order to secure a friendly deal) which could impact the Mercator share price. Additionally, investors that held Mercator based on its fullyfinanced status and near-term cash flows could seek value elsewhere; we would use share price weakness as a buying opportunity.
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 2

Mercator Bid for Tyler Resources
Mercator reported that it plans to make an offer for the outstanding shares of Tyler Resources. The company indicated that it will bid 0.113x a Mercator share for each of the outstanding shares of Tyler Resources.
The bid gives Tyler shareholders a significant premium. Based on Mercator’s October 18, 2007 close of C$9.80, the bid translates into an implied price of C$1.11 –the proposed bid represents a 50% premium over Tyler’s closing price on October 18. At spot prices (as of Mercator’s October 22, 2007 close of C$9.12), the deal represents a 40% premium. The number of shares issued under the proposed deal would be 12.7 million basic shares, and 14.8 million on a fully-diluted basis. The total value of the proposed bid is currently estimated at about C$105 million (C$112 million FD).
This is an unsolicited bid. Based on Mercator’s statements during an October 19, 2007 conference call, and in Tyler’s October 22, 2007 news release, Mercator did approach Tyler with a merger proposal. When the companies were unable to reach terms, Mercator apparently decided to take the offer directly to Tyler shareholders.
Mercator expects to file bid documents within a few weeks. We expect that the bid would be open for a minimum of 35 days. Tyler did recently adopt a shareholders’ rights plan (see Tyler’s September 26, 2007 press release). Both companies indicate that Mercator did recently execute a confidentiality agreement (CA) with Tyler. We understand from Mercator management that the CA does not contain any standstill provision; we also understand that, as of the time of the bid, Mercator owned no Tyler shares. One of Mercator’s senior officers, Vice President of Engineering and Mine Manager, Gary Simmerman, was previously a director of Tyler. His resignation from that board was announced at the time Mercator indicated its intention to bid.
The deal is focused on the Bahuerachi project in Chihuahua, Mexico. Tyler recently reported results from a preliminary economic assessment (completed by Independent Mining Consultants Inc.). Based on this report, Bahuerachi is estimated to contain M, I &I resources of 605Mt grading 0.40% copper, 0.008% molybdenum, 0.54% zinc, 0.03 g/t gold and 3.91 g/t silver at a 0.2% total copper (TCu) cutoff. Exhibit 1 outlines the M, I &I resource estimate for the Bahuerachi project in Chihuahua, Mexico.
Exhibit 1. Total Resource Estimate at Bahuerachi
Tonnes Cu Mo Zn Au Ag Cu Mo Zn Au Ag
(t) (%) (%) (%) (g/t) (g/t) (M lbs) (M lbs) (M lbs) (M oz) (M oz)
Measured 92,398,000 0.47% 0.008% 0.44% 0.05 3.86 957.4 16.3 896.3 0.1 11.4
Indicated 432,112,000 0.38% 0.008% 0.57% 0.03 4.07 3,620.0 76.2 5,430.1 0.4 56.2
M&I 524,510,000 0.40% 0.008% 0.55% 0.03 4.03 4,625.4 92.5 6,359.9 0.5 67.5
Inferred 80,175,000 0.38% 0.007% 0.45% 0.02 3.11 671.7 12.4 795.4 0.1 8.0
M,I&I 604,685,000 0.40% 0.008% 0.54% 0.03 3.91 5,297.1 104.9 7,155.3 0.6 75.5
Grades Contained Metal
Source: Tyler, Orion Securities
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 3

Bahuerachi – The Asset
Tyler recently published the results of a Preliminary Economic Assessment.
The release summarizing this “PEA”, or scoping study, was dated September 27, 2007. Tyler has not yet provided the full text of the 43-101 report on SEDAR, but must do so by November 11, 2007 to meet the 45-day deadline.
Tyler outlined a preliminary mine plan in the scoping study as detailed in Exhibit 2. The mine plan reflects a 250Mt deposit (91% of which is in the M&I category) mined over a 12-year life, at an average strip ratio of about 2:1. The mine
plan is based on operating costs in the $10.50/t range with LOM capital of $620 million (including initial capital of about $550 million).
Exhibit 2. Bahuerachi Model Assumptions
Costs
Tonnes (Mt) 250.0 Initial Capex (MM $) $551.0
LOM Capex (MM $) $619.3
Cu Grade (%) 0.43% Zn Grade (%) 0.93% Milling ($/t) $7.12
Ag Grade (g/t) 4.95 Mine G&A ($/t) $0.24
Au Grade (g/t) 0.04 Mining (yr 0-4) ($/t) $0.76
Mo Grade (%) 0.008% Mining (yr 5-9) ($/t) $0.92 Mining (yr 10-12) ($/t) $1.23
Cu Recovery (%) 90% Zn Recovery (%) 70% Strip Ratio 2.1
Ag Recovery (%) 80% Au Recovery (%) 50% Mo Recovery (%) 60%

Contained Metal
Source: Tyler, Orion Securities
Bahuerachi appears to be a robust asset. The scoping study implied of 0.43% copper (90% recoveries), 0.008% molybdenum (60% recoveries), 0.93% zinc (70% recoveries), 0.04 g/t gold (50% recoveries) and 4.95 g/t silver (80% recoveries).
Over the life of mine, Bahuerachi is expected to produce an average of 185 million lbs of copper, 310 million lbs of zinc, 2.3 million lbs of moly, 14,000 ounces of gold and 2.8 million ounces of silver annually. Exhibit 3 outlines a summary of the projected financial parameters for Bahuerachi.
We benchmarked Bahuerachi against Goldcorp’s Peñasquito development project. As a check on the potential economics of the project, we compared it to a well-studied deposit which has been the subject of two full feasibility studies. A simple comparison was on in situ ore value. Using OSI metal prices, the average gross value per tonne was nearly identical, and in fact, the Bahuerachi value was slightly higher than at Peñasquito. While on a net smelter return basis we believe this would be reversed in Peñasquito’s favour, it does provide comfort that other multimetal projects of similar grade are being built. We also looked at operating costs: the life-of-mine average mining cost in the Bahuerachi study is about $0.94/tonne and this compares with about $0.96/tonne estimated at Peñasquito.
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 4
Exhibit 3. Summary of Bahuerachi Mine Model
2010 2011 2012 LOM
Cu Production (MM lbs) 1.6 188.6 176.1 2,039
Zn Production (MM lbs) 1.1 303.7 456.9 3,006
Ag Production (K oz) 0.0 2.5 3.2 29
Au Production (K oz) 0.1 11.1 12.7 151
Mo Production (MM lbs) 0.0 2.5 2.3 27
Revenue (MM $’s) $5 $760 $895 $7,974
Total Cost (MM $’s) $9 $371 $413 $4,229
EBITDA (MM $’s) ($4) $389 $481 $3,744
5% NAV (MM $’s) $1,083 $9.84/sh
8% NAV (MM $’s) $735 $6.68/sh
10% NAV (MM $’s) $569 $5.17/sh
Source: Tyler, Orion Securities
Valuation
We have taken a look at the pro forma company. Our analysis incorporates the results of the scoping study. However, our analysis also builds in additional sustaining capex and capital costs for a fleet replacement and reflects slightly different copper/zinc TC/RC assumptions in line with those in our Mercator model. We also employ our long-term forecast metal prices (see Exhibit 4), which are generally higher than those used in Tyler’s scoping study.
Exhibit 4. Orion Long-Term Metal Price Assumptions
Orion Metal Px Assumptions 2008 2009 2010 2011 2012
Copper price ($/lb) $2.95 $2.50 $2.25 $2.00 $2.00
Zinc Price ($/lb) $1.40 $1.25 $1.05 $1.00 $1.00
Silver Price ($/oz) $12.75 $12.75 $12.75 $12.75 $12.75
Gold Price ($/oz) $660.00 $660.00 $660.00 $660.00 $660.00
Moly Price ($/lb) $25.00 $22.50 $20.00 $16.00 $16.00
Source: Mercator, Orion Securities
We have also made financing assumptions. Our Bahuerachi model reflects total life-of-mine capex in the $840 million range, with initial capital (2008-2011) of $700 million. In order to finance the development of the asset, we assumed a 60/40 debt/equity ratio, resulting in debt of $400 million and an equity financing of $90 million (10 million shares). We expect that the remainder of the capital requirement (about $200 million) will be funded through cash flow from Mineral Park. A comparison of our existing Mercator with the pro forma MergeCo is shown in Exhibit 5. Initial earnings and cash flow dilution comes from a combination of shares issued for the Tyler purchase and from a Mercator equity-raising. The maximum dilution is 27% in 2010.
This preliminary analysis shows very significant EPS and CFPS accretion once Bahuerachi comes on line. In the five-year period from 2011–2015, average CFPS jumps 178% to $4.16/sh in the NewCo case.
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 5

The deal appears to be NAV accretive as well. At an 8% discount rate, Mercator is currently trading at 0.77x NAV. This compares to a 0.13x NAV (at 8%) for Tyler. Even if we use a significantly higher discount rate, we still see NAV accretion. At a 12% discount rate (reflecting the earlier stage of Bahuerachi), the proposed purchase price is still only 0.22x NAV.
Exhibit 5. Comparison of Pro Forma NewCo with our Mercator Model
Standalone Mercator 2008 2009 2010 2011 2012 2013 2014
Cu Production (MM lbs) 31.3 52.1 59.5 57.8 40.0 63.4 66.3
Mo Production (MM lbs) 1.6 7.4 11.0 14.0 9.8 10.1 10.9
Revenue (MM $) $134 $302 $361 $346 $244 $295 $314
Operating Costs (MM $) $34 $104 $133 $129 $117 $127 $132
EBITDA (MM $) $94 $193 $223 $212 $122 $162 $177
EPS ($/sh) $0.92 $1.84 $1.66 $1.60 $0.99 $1.34 $1.50
CFPS ($/sh) $0.94 $1.91 $1.77 $1.75 $1.10 $1.45 $1.61
5% NAV ($/sh) $15.09
8% NAV ($/sh) $11.45
12% NAV ($/sh) $8.34
Mercator/Bahuerachi 2008 2009 2010 2011 2012 2013 2014
Cu Production (MM lbs) 31.3 52.1 61.1 246.4 216.1 247.8 250.7
Mo Production (MM lbs) 1.6 7.4 11.0 16.4 12.1 12.1 13.3
Revenue (MM $) $134 $303 $367 $1,107 $1,140 $1,028 $934
Operating Costs (MM $) $34 $104 $142 $501 $531 $507 $430
EBITDA (MM $) $92 $190 $215 $597 $599 $511 $494
EPS ($/sh) $0.69 $1.14 $0.85 $3.45 $3.39 $2.84 $2.82
CFPS ($/sh) $0.76 $1.44 $1.29 $4.70 $4.65 $3.97 $3.84
5% NAV ($/sh) $22.67
8% NAV ($/sh) $16.67
12% NAV ($/sh) $14.25
Source: Mercator, Orion Securities
We also note that the proposed deal has little impact on moly leverage for Mercator. While molybdenum’s relative contribution to revenue and cash flow would decline significantly with the Tyler deal, the molybdenum exposure – defined in terms of annual pounds of moly per share – remains virtually unchanged using our preliminary assumptions (Exhibit 6).
Exhibit 6. Copper and Molybdenum Production Per Share
Metal/Sh 2008 2009 2010 2011 2012 2013
Current ML Cu lb/sh 0.37 0.61 0.70 0.68 0.47 0.74
New ML Cu lb/sh 0.31 0.50 0.56 2.24 1.96 2.25
Current ML Mo lb/sh 0.02 0.09 0.13 0.16 0.11 0.12
New ML Mo lb/sh 0.02 0.07 0.10 0.15 0.11 0.11
Source: Mercator, Orion Securities
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 6

Strategic Aspects of the Proposed Bid
Mercator consistently indicated that it expected to participate in the ongoing industry consolidation. The question was always whether this would be as predator or prey. We see this move as consistent with this approach. Scheduling at Bahuerachi fits neatly with the Mineral Park development plans. Production at Bahuerachi would be in development as Phase 2 of the Mineral Park expansion is completed. Production from Phase 1 of the Mineral Park expansion (25,000 tpd) is expected to begin in mid-2008, with Phase 2 (50,000 tpd) in Q1/09. At spot metal prices the project is expected to generate a profit of $330 million in 2009 and $450 million in 2010. This should offset a significant part of the Bahuerachi capex requirements.
Risks
Bahuerachi is at a much earlier stage than Mineral Park. Mercator assumes reserve, cost, social/political, and financing risk higher than it currently deals with. The Tyler scoping study was, however, done by well-known consultants very familiar with Mexico; some consultants are shared by the two companies.
Investors in Mercator may have expected a different outcome. We viewed the company as a natural acquisition target, while recognizing events might turn the other way but a catalyst-oriented investor may not like this apparent change in plans.
Mercator in its present form is predominantly a molybdenum play. The metal mix does change as shown in Exhibit 6, but as that exhibit also makes clear – on a per share basis – an investor’s participation in moly prices remains essentially unchanged.
Conclusion
While we were surprised by last week’s announcement, we do believe it was consistent with Mercator’s stated goals. Our preliminary analysis indicates that, while dilutive to EPS and CFPS in the near term, over the long haul an acquisition under the announced terms would be significantly accretive on all key measures.
Investor confusion or unhappiness over this development could impact Mercator’s share price in the near term. The recent history of hostile bids in the mining sector does suggest that a follow-on bid is possible. At today’s closing prices, Tyler is trading at an approximate 10% premium to the Mercator bid, suggesting investors do anticipate a “bump”.
The desire of Mercator management to make this a friendly deal makes such a move on their part likely.
With or without Bahuerachi, we feel Mercator offers good value, and we maintain our Overweight rating and our C$11.50 target. We would continue to buy Mercator shares at these levels.
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 7

ML, TSX – The Details
0 2,000,000 4,000,000 6,000,000 8,000,000
10/22/2004 1/21/2005 4/22/2005 7/22/2005 10/21/2005
1/20/2006 4/21/2006 7/21/2006 10/20/2006 1/19/2007
4/20/2007 7/20/2007 10/19/2007
Volume $-
$2.00 $4.00 $6.00 $8.00 $10.00 $12.00
Share Price (C$)

Financial Summary (all values in US$ unless otherwise noted)
Y/E Dec. 31 2007 E 2008 E 2009 E 2010 E 2011 E
Molybdenum Price $28.00 $25.00 $22.50 $20.00 $16.00
Copper Price $3.10 $2.95 $2.50 $2.25 $2.00
Production 0.0 1.6 7.4 11.0 14.0
Cash Cost $0.00 ($37.00) ($4.33) ($0.83) $0.46
Total Cost $0.00 ($36.10) ($3.43) $0.07 $1.36
EPS $0.07 $0.92 $1.84 $1.66 $1.60
P/E n/a 9.8 4.9 5.4 5.6
CFPS $0.07 $0.94 $1.91 $1.77 $1.75
P/CF n/a 9.6 4.7 5.1 5.1
EBITDA 19.3 94.3 193.1 222.7 211.7
EV/EBITDA 40.6 8.0 3.2 2.2 1.7
Share Statistics
(all values in US$ unless otherwise noted)
12-Month High–Low: C$10.21–C$1.900
Average Volume: 775,186
Current Book Value: $51.7 million
Shares O/S Basic: 73.6 million
F.D.: 85.2 million
Market Cap: $636 million
Float: 66.3 million
Float Value: $595 million
Index Member: N/A
Full Report Issued: September 24, 2007
Company Profile
Mercator Minerals owns and operates the Mineral Park copper/moly mine in northwestern Arizona. The mine is currently a modest copper producer with an open-pit mine and a dump leach-SX/EW processing facility. Current production is approximately 1 million lb/month with costs in the $1.00/lb range. We believe Mercator shares will appreciate as the startup of the Mineral Park expansion approaches in mid-2008.
Our model suggests cash flows will grow to $1.91/share in 2009 and $1.77/share in 2010 as the mine reaches its 50,000 tpd design rate.
George Albino [phone] [e-mail] October 24, 2007 Mercator Minerals Ltd. 8
Disclaimers
The primary analyst for Mercator Minerals Ltd. has visited its material operations and development assets within the past year. The company has furnished local transportation and accommodations as part of these site visits.
Orion’s Research Distribution Policy is to allow all clients that are entitled to have equal access to our research.
This report is based on information available to the public. Information presented, while obtained from sources we believe to be reliable, is not guaranteed either as to accuracy or completeness. Estimates and projections contained herein are Orion Securities Inc.’s (Orion) own or obtained from our consultants. This report is not an offer to buy or sell or a solicitation of an offer to buy or sell the securities mentioned herein. This research material is approved by Orion. Where this document is used within the United Kingdom, it is issued by Orion, which is authorized and regulated by the Financial Services Authority (FSA). The designated investments or designated investment services communicated are only directed to Market Counterparties and Intermediate Customers as defined by FSA. Any other persons, such as private customers, should not rely on this document. If you have any doubt about the suitability of any designated investment(s) or designated investment service(s) which is/are the subject of this material, you should contact your financial adviser. Orion Securities (USA) Inc. accepts responsibility for the contents of this report in the United States and U.S. persons receiving this report and wishing to effect a transaction in any security described herein should do so with Orion Securities (USA) Inc. Orion Securities Inc., Orion Securities (USA) Inc. and their respective officers and directors have, or may have, a position or holding in, or may effect transactions in the investments concerned, or related investments, and may be providing, or may have provided within the last two years, significant advice or investment services in relation to the investments concerned or related investments.
Copyright Orion Securities Inc. under the Berne Convention. All rights reserved. No part of the publication may be reproduced without the written permission of the publishers.
Printed in Canada.
Industry Rating Definition
Overweight Analyst expects performance of their industry coverage universe to beat the TSX benchmark over the next 12 to 18 months.
Equal Weight Analyst expects performance of their industry coverage universe to be in line with TSX benchmark over the next 12 to 18 months.
Underweight Analyst expects performance of their industry coverage universe to lag the TSX benchmark over the next 12 to 18 months.
Company Rating
Overweight The stock’s total return is expected to exceed the average total return of the analyst’s (or industry team’s) coverage universe, on a risk-adjusted basis, over the next 12 to 18 months.
Equal Weight The stock’s total return is expected to be in line with the average total return of the analyst’s (or industry team’s) coverage universe on a riskadjusted basis, over the next 12 to 18 months.
Underweight The stock’s total return is expected to be below the average total return of the analyst’s (or industry team’s) coverage universe, on a risk-adjusted basis, over the next 12 to 18 months.
Speculative Analysts will use a speculative risk rating where the company faces unusually high business or financial risk.
Note: All ratings assume equal-weighted stocks in a portfolio. TSX benchmark total return is assumed at annualized rate of 8% to 10%.

Ich hoffe behilflich gewesen sein zu können.
Viel Spass damit,

Mic

[internetexplorer28]

Antwort auf Beitrag Nr.: 32.365.791 von micdid am 09.11.07 18:33:00

Danke!!! Da hätte ich ja lange suchen können, kenne ich von einigen Titeln...Hier sind echt eine Bugs....na ja, wenigstens funktionieren die Pop ups und Banner gescheit

[ChinaAktionaer]

Antwort auf Beitrag Nr.: 32.375.137 von internetexplorer28 am 10.11.07 11:22:56

Das dürfte äußerst positiv für ML sein.


Barclays: Bullenmarkt für Rohstoffe noch in Anfangsphase
Leser des Artikels: 222

(www.Rohstoff-Welt.de / www.GoldSeiten.de) - Nach Einschätzung Barclays stehe der Rohstoffbullenmarkt noch relativ in der Anfangsphase, so Bloomberg. Seit 2002 habe die boomende Wirtschaft Chinas die Preise getrieben. Auf der Angebotsseite komme es immer häufiger zu Verknappungen. Kupfer werde laut Barclays nächstes Jahr um 6,5% steigen und durchschnittlich 7800 $/t kosten, im Jahresdurchschnitt kostete Kupfer an der London Metal Exchange 7132 $. Die Angebotssituation werde weiterhin angespannt bleiben.


Kevin Norrish von Barcleys sagte, dass Rohöl seinen Rekordstand von 99,28 $/Barrel toppen werde und beim Jahresdurchschnitt von 79 $/Barrel liegen wird. Nach Angaben von Bloomberg erwarten die meisten der 150 institutionellen Rohstoffinvestoren einen stärkeren Anstieg bei den Agrarrohstoffen, die Lager hätten die niedrigsten Stände seit 3 Jahren erreicht. Die Weizenpreise hatten Ende September ihren Rekordstand erreicht und stiegen insgesamt in diesem Jahr um 78%. Sie sollen jedoch nächstes Jahr fallen, da mehr Weizen angebaut werde. Soja und Mais werden wahrscheinlich steigen.


Diese Meldung ist ein Service von www.GoldSeiten.de und www.Rohstoff-Welt.de, den führenden Websiten für Edelmetalle und Rohstoffe im deutschsprachigen Raum.


Autor: GoldSeiten.de

[Radikalinsky]

Antwort auf Beitrag Nr.: 32.683.800 von ChinaAktionaer am 06.12.07 14:41:00

Mercator ist eigentlich hauptsächlich ein Molybdän-Produzent, das Kupfer ist Nebenprodukt.
Aber schaden können stabile hohe Kupferpreise auch nicht.

Gruß, Rad

[Pabella]

Tyler posts letter, rejects Mercator's takeover offer

2007-12-06 08:31 ET - News Release

See Shareholders Letter (C-TYS) Tyler Resources Inc

Mr. Jean-Pierre Jutras of Tyler reports

TYLER RESOURCES MAILS LETTER TO SHAREHOLDERS; REITERATES RECOMMENDATION TO REJECT MERCATOR MINERALS' HOSTILE OFFER

http://www.tylerresources.com/pdf/News%20Release%20December%…

[ChinaAktionaer]

Antwort auf Beitrag Nr.: 32.684.251 von Radikalinsky am 06.12.07 15:11:46

Komisch, ich dachte genau umgekehrt wir ein Schuh daraus !
Man baut Kupfer ab, und hat als Nebenprodukt Molybdän !
Ich bin seit ca. 18 Monaten in Molybdän investiert, und sollte eigentlich wissen, dass kein Kupfer beim Abbau von Molybdän anfällt !

Entweder Du Recherchierst mal neu, oder ich muss noch mal zur Schule
Soweit ich informiert bin, wird hier erstmal Hauptsächlich Kupfer abgebaut, und dabei entsteht Molybdän in sehr geringer Konzentration !

Gruss

China

[ChinaAktionaer]

Mercator Reports Third Quarter Results
TRADING SYMBOL: TSX - ML
(Stated in US Dollars unless otherwise indicated)
VANCOUVER,
Nov. 15 /CNW/ - Mercator Minerals Ltd. announced the filing and
dissemination of the unaudited consolidated financial statements for
the period ended September 30, 2007.
<<
Financial Highlights for the Three Months ended September 30, 2007

- Copper production of 3,093,615 pounds for the three month period
ended September 30, 2007, compared to 2,699,646 pounds for the
corresponding three months in 2006;
- Gross revenues for the three month period ended September 30, 2007 of
$10,593,092 compared to $9,864,737 for the corresponding period in
2006;
- Income from Operations for the quarter was $5,271,001 compared with
$6,630,972 for the corresponding period in 2006;
- Earnings before interest, taxes, depreciation and amortization
("EBITDA") for the period was $7.86 million compared to $5.43 million
for the third quarter of 2006;
- Average realized price for copper sales during the period was
$3.36 per pound compared to $3.53 per pound for the corresponding
period in 2006.
>>

Du siehst also, man verdient Geld mit Copper = Kufper

[danatbank]

Das wertmäßige Verhältnis Mo:Cu beläuft sich bei ML auf 2:1. Mineral Park liegt ungefähr da, wo Cumo (sehr interessante Lagerstätte von MSQ.TO) eingetragen ist.

[Radikalinsky]

Antwort auf Beitrag Nr.: 32.691.251 von ChinaAktionaer am 06.12.07 22:55:12

Hi China,

ich habe nochmal bißchen recherchiert. Du brauchst nicht wieder zur Schule gehen
Jetzt verkaufen sie anscheinend nur Kupfer, aber in 2009 auch Molybdän und ein bißchen Silber.

Im http://www.mercatorminerals.com/files/11152007Rls.pdf]Quarta…[/url] steht

... At full capacity, expected to be reached
mid 2009, the Mineral Park mine average annual production during the first 10 years is
forecast to be approximately 56.4 million pounds of copper, 10.3 million pounds of
molybdenum and 600,000 ounces of silver.


Je nach den Preisen, die man ansetzt, ist das wenige, aber teurere Molybdän etwa doppelt so viel wert wie das Kupfer.

Das Molybdän scheinen sie jetzt noch gar nicht zu extrahieren, sondern in den Tailings zu lassen.

Gruß, Rad

[Benson1]

Der Dregg wird fallen wie ein Stein.

Kursziel 0 Euro


Da wollen einige in ein paar Jahren wieder zu Tiefstkursen rein, daher wird der ganze Moly-Dregg jetzt erstmal verpügelt, das es weh tut. Besser man ist auf dem langen weg nach unten nicht dabei...

Strong sell

[Diego22]

Antwort auf Beitrag Nr.: 32.817.765 von Benson1 am 19.12.07 18:12:20

Lach - du musst es ja wissen

Kursziel 0 Euro - echt stark

Jetzt hast du dich gerade selbst als komplett Ahnungsloser geoutet!

[neuflostein]

Antwort auf Beitrag Nr.: 32.817.765 von Benson1 am 19.12.07 18:12:20

ist doch absoluter Mist, den du da erzählst!

Kann gut sein, dass es noch ordentlich runter geht, am Ende jedoch werden die soliden Gewinne, die Mercator einfährt, auch für einen entsprechenden Aktienkurs sorgen.

[Benson1]

Der Moly-Preis wird bald fallen wie ein Stein...

Wer auf dem Höhepunkt dieser gepushten Blase reingeht, wird sein blaues Wunder erleben!

[neuflostein]

Antwort auf Beitrag Nr.: 32.925.052 von Benson1 am 03.01.08 13:49:23

Naja, so richtig nach Chrash sieht es bislang noch nicht aus.....

Wenn ein solches Moly Überangebot herrscht, dass der Moly Preis bald zusammenbricht, warum sichern sich dann die großen Stahlkonzerne ihre Moly Versorgung über Aufkäufe von moly minen? Wäre doch dumm, wenn sie bald eh nur noch $4 pro Pfund bezahlen müssen....

[neuflostein]

Sieht doch ganz gut aus bei mercator!

Bis morgen läuft auch noch das Angebot an die Tyler Aktionäre, mal sehen, ob der Deal hinhaut.

[fisch29]

Antwort auf Beitrag Nr.: 32.969.423 von neuflostein am 07.01.08 17:23:57

???

Wo lebst denn du? Tyler wird vom größten chinesischen Nickelproduzent für 1,60 CAD/Aktie geschluckt.

Was denkst du wohl warum ML heute zu Handelsstart in Can so abging.

[neuflostein]

Antwort auf Beitrag Nr.: 32.969.771 von fisch29 am 07.01.08 17:46:28

OK, habs ne halbe Stunde nach dem Posting auch gelesen. Na ja, umso besser, der Tyler Deal schien ja eh nicht allzu hoch in der Gunst der Aktionäre gelegen zu haben.

[fisch29]

Antwort auf Beitrag Nr.: 32.975.143 von neuflostein am 08.01.08 08:28:49

kein Problem

Auf zu alten Höchstständen!

[Videomart]

Antwort auf Beitrag Nr.: 32.978.095 von fisch29 am 08.01.08 12:30:37

Hi fisch29!

Euer Teilchen geht ja ab wie "Schmidt's Katze".
Gratulation zum richtigen Riecher!!

Gruß
Vm

[maccy1]

Antwort auf Beitrag Nr.: 33.048.121 von Videomart am 15.01.08 00:38:14

also die finanzkrise haben wir mit mercator aber richtig gut überstanden bisher...bin mal gespannt ob die 10$ jetzt mal nachhaltig hinter uns gelassen werden!
Einfach nur geil das teil...hat jmd. eigentlich mal nen paar mehr infos zu mercator?

[Bulko]

Antwort auf Beitrag Nr.: 33.391.463 von maccy1 am 16.02.08 15:22:08

@ maccy1

Asynchronmaschine hat m. E. gutes Präsentationsmaterial zusammengestellt. Guckst Du hier:
http://docs.google.com/TeamPresent?docid=ddvvqqdv_25c5shmtdb…

[maccy1]

Antwort auf Beitrag Nr.: 33.395.777 von Bulko am 17.02.08 18:00:58

Herzlichen Dankj,das kannte ich noch nicht! Bekräftigt mich um so mehr, aufzustocken bei Kursrücksetzern!

[maccy1]

Antwort auf Beitrag Nr.: 33.412.424 von maccy1 am 19.02.08 15:58:01

ich sach zum heutigen kurs nur eines:

BÄÄÄÄM!

[Sharedealer]

Antwort auf Beitrag Nr.: 33.412.884 von maccy1 am 19.02.08 16:28:04

Und das wird noch oft BÄÄÄÄM machen in den nächsten Monaten.

[fisch29]

asy immer noch gesperrt?

[Scatlover]

Wahnsinn!
Weiss jemand etwas genaueres, was den Kurs so beflügelte?

[maccy1]

Antwort auf Beitrag Nr.: 33.415.670 von Scatlover am 19.02.08 20:22:06

das nachhaltige überwinden der 10$-Marke! Haben vielleicht viele als Kaufsiganl gewertet,ich denke das war jetzt der durchbruch in richtung 20$..mal schauen,ich find es wahnsinn wie sich mercator gege ndas schlechte börsenumfeld stämmt,sehr hohe relative stärke!

Tolle aktie!

[fisch29]

Weiterhin hohes Volumen, stimmt mich positiv!

[Scatlover]

Ohja, wir schnuppern schon mal am ATH!

[Scatlover]

Sieht so aus, als würde Can ein neues ATH vorlegen!

[neuflostein]

ML ist wirklich zu meiner Lieblingsaktie geworden! Könnte mich in den Hintern beissen, nicht mehr gekauft zu haben, als es sie noch für 5 Euro gab...

[Sharedealer]

Antwort auf Beitrag Nr.: 33.514.375 von neuflostein am 29.02.08 12:42:39

Gab sie mal noch kurzzeitig im September für 3, und da hatte ich sie schon auf der Watchlist, habe dann auch erst bei 5 und 5,50 zugeschlagen.

[maccy1]

Antwort auf Beitrag Nr.: 33.514.639 von Sharedealer am 29.02.08 13:05:30

wen ndie bei 20$ stehen is das doch auch egal:-) und das werden sie!

[Scatlover]

Um mal Boris Becker zu zitieren. "Dein Wort in Gottes Mund"
Aber bei positivem Börsenumfeld kein großes Problem!

[neuflostein]

Antwort auf Beitrag Nr.: 33.514.639 von Sharedealer am 29.02.08 13:05:30

Ganz genau so ging es mir auch! Hatte die Aktie schon einige Zeit beobachtet, konnte mich aber nie so recht zum Kauf durchringen. Habe dann erst letztens welche zu ca. 5 Euro gekauft.

Hätte ich mich mal vorher über die nahezu einzigartig gute Mineral Park Mine informiert, dann hätt ich viel früher zugegriffen. 10mio lb Moly zum Nulltarif, wenn Kupfer zu $2/lb verkauft werden kann, wo sonst gibt es sowas!

Die $20 sind dieses Jahr noch drin wenn die Weltbörsen halbwegs mitspielen und der Molypreis bei über $30 bleibt. Dann müsste sich nur noch der Dollar gegenüber dem Euro erholen (wohl eher nicht......).....

[ChinaAktionaer]

Seit einigen Jahren haben wir nun schon die Ehre, zum weltweit wichtigsten Investorentreffen der Rohstoff- und Minenindustrie eingeladen zu werden.
Die "Global Metals & Mining Conference" von BMO Capital Markets, welche in diesem Jahr in Miami stattfand und am letzten Mittwoch endete, setzt Maßstäbe in Sachen Qualität bezüglich des Zusammentreffens von Investoren und Gesellschaften aus dem Rohstoffsektor.

Wie auch in den letzten Jahren, waren die beiden Visionäre Donald Coxe und Robert Friedland mit ihren Ausführungen zum Mittagsessen am Montag und Dienstag absolute Höhepunkte.
Donald Coxe ist der globale Portfoliostratege von BMO Capital Markets. BMO (Bank of Montreal) ist die größte Bank in Kanada und Donald Coxe wurde im Jahr 2007 zum besten Portfoliostrategen der Welt gekürt. Coxe ist seit 35 Jahren für institutionelle Kunden zuständig und seine Vorträge, gespeist mit einem unglaublichen Wissen bezüglich historischer Zusammenhänge und Ableitungen für die Zukunft, sind legendär. Hoch erfreut waren wir, als er den fast 1.000 anwesenden Zuhörern erzählte, dass wir gerade Zeuge von historischen Umwälzungen werden, die schon bald in die Geschichtsbücher eingehen werden. Bis circa 1800 n. Chr. waren China und Indien die führenden Wirtschafts- und Handelsmächte der Welt. Mit der industriellen Revolution, welche diese beiden Giganten verschlafen haben, hat sich dieses Verhältnis zu Gunsten Europas und der USA verschoben. Bis zum Jahr 2050 wird aber der "historische Normalzustand", der sich auch aus der Bevölkerungszahl ableitet, wieder hergestellt.
Das ist soweit nichts Neues und Sie als treuer und aufmerksamer Leser unseres Börsenbriefes wissen dies natürlich längst.
Coxe ist der Meinung, dass der aktuelle Zyklus im Rohstoffsektor sehr viel länger dauern wird, als sich dies "alle Zuhörer in diesem Raum" vorstellen können.
Während Rohstoffaktien seit Sommer 2007 vermehrt als "Risiko-Investments" gesehen werden (wegen möglicher US-Rezession), prophezeite er, dass sich diese Ansicht bald um 180 Grad drehen wird!
Das neue Hoch im Kupfer und vielen anderen Rohstoffen dürfte diesbezüglich ein erster Weckruf für Investoren gewesen sein.

Revolutionäre Vorhersage:
Rohstoffaktien werden von Risikopapieren zum "sicheren Hafen"!

Coxe prophezeite, dass die derzeitigen Bewertungsabschläge der als "riskant" angesehenen Rohstoffaktien sich in wenigen Jahren in Bewertungsaufschläge verwandeln werden!

Sprich: Wenn heute ein Rohstoffproduzent mit einem KGV von 8 bis 10 gehandelt wird, dann wird dieser in wenigen Jahren ein KGV von 15-20 und am Ende des Bullenmarktes gar von weit höheren KGV zugebilligt bekommen. Er schließt sogar ähnliche Exzesse wie bei den Technologieaktien Ende der 90er nicht aus.
Doch bis dahin seien wir noch mindestens 10 Jahre entfernt. Er ist sich sicher, dass dieser Umdenkprozess (dass Rohstoffaktien eben weniger riskant sind, als Technologie oder Finanzwerte und die meisten anderen Aktien) derzeit gerade angestoßen wird.
Coxe glaubt, dass die Annahme, Rohstofftitel seien kurzen Zyklen unterworfen, die größte Fehleinschätzung ist, welche im Markt vorherrscht. Aufgrund der gut 20-jährigen Baisse von 1980 bis 2001 seien viele Investoren bezüglich des neuen, langen Rohstoffzyklus immer noch skeptisch.

Hart ins Gericht ging Coxe mit der eigenen Analystenbranche. Die heute 25 bis 35-jährigen Analysten seien "Kinder der Technologiebubble" Ende der 90er Jahre. Es gibt heute immer noch zig Mal mehr Technologieanalysten als Minenanalysten. Erst wenn sich dieser Trend in den nächsten 10 Jahren umgekehrt hat und jeder Uni-Absolvent am liebsten ins Bergbaugeschäft oder Minenbusiness einsteigen will, dann sollte man hellhörig werden. Aber davon seien wir noch "meilenweit" entfernt.

Den US-Aktienmarkt (S&P 500) würde er schon aufgrund der Tatsache, dass darin nur 2 Rohstoffwerte enthalten sind, als klaren Underperformer der nächsten Jahre betrachten. Zudem rechnet Coxe, der Ende 2007 von Brendan Wood zum besten Strategen weltweit gekürt wurde, dass bei nun weiter steigenden Rohstoffpreisen bald eine weitere Übernahmewelle einsetzen wird. Besonders dann, wenn die Aktien weiter zum Teil auf "Rezessionsniveau" verharren und die Schere zwischen Rohstoff- und Aktienpreisen weiter auseinander geht.

Vor allem im Goldsektor ist in den nächsten 12 Monaten mit einer massiven Konsolidierungswelle zu rechnen - die Capital Markets-Abteilung von BMO sei derzeit "very busy" diesbezüglich! Je größer die Gesellschaft und die Reserven/Ressourcen desto größer werden die Bewertungsaufschläge bei Übernahmen ausfallen. Weltklasse-Liegenschaften von Explorern sollen nun immer mehr in den Fokus der großen Gesellschaften rücken.

Robert Friedland: Das große Bild - Rückblick und Ausblick
Robert Friedland ist in der Rohstoffbranche ein „Rockstar“. So zumindest wurde er von BMO angekündigt
und wir hatten nun bereits zum dritten Mal das Vergnügen, diesem Visionär und wohl größten Entdecker
und Projektfinanzierer der letzten Jahrzehnte zuhören zu dürfen. Friedland entdeckte etliche große Minen,
darunter die Fort Knox Mine von Kinross, sowie mit einer seiner Gesellschaften (Ivanhoe Mines) das größte
Gold-Kupfer-Vorkommen (Oyo Tolgoi-Projekt) der Erde in der Wüste Gobi (Mongolei), welches mit Rio
Tinto zusammen gerade in Produktion gebracht wird. Er gilt als extrem gut vernetzt und ist einer der nordamerikanischen
Pioniere beim Aufbau von Geschäftsbeziehungen mit asiatischen Ländern in den letzten 25
Jahren. 2006 wurde er zudem zur „Mining Person of the Year“ ernannt.
Vor Jahren sagte Friedland bei einem Kupferpreis von einem USD Notierungen von über 3 USD voraus und
wurde belächelt. Gestern begründete er, warum er kein Problem damit habe, dass Kupfer in den nächsten
Jahren auf 9 USD steigen könnte. Die revolutionäre These: Wenn man endlich ernst machen will mit
dem Klimaschutz und die Treibhausgase reduzieren möchte, dann sollte man der Menschheit klar machen,
dass dies nur mit einer Vielzahl von neuen Minen möglich ist. Warum?
1.) Weil wir dann hunderte neuer Atomkraftwerke bauen müssen, für die unendlich viel Stahl, Molybdän,
Uran und etliche andere Elemente benötigt werden.
2.) Weil Autos dann mit Hybrid oder Elektromotoren ausgestattet werden müssen, die alle 300 Pfund mehr
Metalle benötigen (vor allem Kupfer und viele seltene Metalle) als herkömmliche KFZ.
3.) Weil auch Wind– und Solarenergie (Windräder, Solarzellen) zur Herstellung Unmengen an kritischen
Rohstoffen benötigt.
Zudem machte er deutlich, dass China und Indien erst zwischen 2020 und 2040 (Indien) ihren Zenit in der
Rohstoffnachfrage erreichen werden. Die Energieprobleme nach dem Schneesturm in China, wo Teile des
Landes lahm gelegt wurden, haben ein Umdenken in China bewirkt. Dort wird jetzt massiv in die Energiesicherung
und die Nachschubsicherung (Rio Tinto-Einstieg) investiert. Alleine für 350 Millairden wird das
Eisenbahnnetz ausgebaut und modernisiert.
Zudem wünscht er sich Obama als US-Präsident, damit der Ruf der USA im Rest der Welt wieder besser
wird. Witzig sein Vergleich zwischen Enron und den Banken. Die Enron-Manager mussten ins Gefängnis,
weil sie sich mit Zweckgesellschaften außerhalb der Bilanz verspekulierten und die Bankvorstände bzw.
Verantwortlichen für die Kreditkrise laufen alle noch frei herum, obwohl sie mit ihren Zweckgesellschaften
nichts anderes machten! Die US-Notenbank sieht er extrem kritisch. Man hat den Kampf gegen die Inflation
aufgegeben. Lediglich in Europa versucht die EZB sich noch dagegen zu stemmen. Allerdings wissen
alle Notenbanker: Sowohl Zinserhöhungen als auch Zinssenkungen können weder den Ölpreis noch andere
Rohstoffpreise in Zukunft von weiteren Aufschlägen abhalten!

Gruß

China

[fanaticaktien]

mal was positives in diesem marktumfeld

TRADING SYMBOL: TSX - ML

VANCOUVER, March 17 /CNW/ - Mercator Minerals Ltd. ("Mercator") is
pleased to announce today that it and its wholly-owned affiliate have signed
an agreement with an affiliate ("Silver Wheaton") of Silver Wheaton Corp. for
the sale of the life-of-mine silver production from Mercator's Mineral Park
copper/molybdenum mine in Arizona. Under the agreement, Silver Wheaton will
make an up-front payment of US$42 million in cash to Mercator's affiliate.
Upon delivery of the silver, Silver Wheaton will then also pay Mercator's
affiliate in cash the lesser of the silver spot price or US$3.90 per ounce of
silver (escalated by 1% per annum starting in the fourth year of silver
production).
The up-front payment will be used for the completion of the second phase
of the Mineral Park mill expansion to a 50,000 ton-per-day milling operation
with production of copper and molybdenum concentrates expected, as previously
disclosed, to average 56.4 million pounds of copper, 10.3 million lbs of
molybdenum and 0.6 million ounces of silver per year over the first 10 years
of operation.
Commenting on the announcement, Michael L. Surratt, President and Chief
Executive Officer of Mercator, said: "We are delighted to have completed this
important transaction with Silver Wheaton. Silver at Mineral Park is a
by-product of the copper and molybdenum operation, and represents less than 2%
of our payable revenue at Mineral Park. By monetizing most of our silver
revenue now, we will obtain funds that can be used to pay for the second stage
of the construction of the Mineral Park milling facilities, expected to
increase the operation to 50,000 tons per day. By having the funds now rather
than waiting on phase one cash flow, we can save money completing many
construction activities now while we have construction workers on site, rather
than needing to remobilize after phase one. In addition, we will have the
opportunity to accelerate phase two equipment deliveries. Every day we can
speed up Phase Two is very important to our bottom line."
The transaction and the up-front payment of US$42 million are subject to
completion of documentation, normal to this type of transaction and the
receipt of all necessary approvals of the holders of Mercator's secured notes.

Mercator Minerals Ltd.

Mercator is a copper producer that owns and operates the Mineral Park
copper/molybdenum mine in Arizona, with a corporate strategy focused on
maximizing the production potential of the Mineral Park copper-molybdenum
deposit and growing through mergers and acquisitions. Mercator is in an
advanced stage of construction of the molybdenum-copper expansion at Mineral
Park. At full capacity, the Mineral Park mine average annual production during
the first 10 years is forecast to be approximately 56.4 million pounds of
copper, 10.3 million pounds of molybdenum and 0.6 million ounces of silver.

On Behalf of the Board of Directors

[Sharedealer]

Antwort auf Beitrag Nr.: 33.663.525 von fanaticaktien am 17.03.08 17:47:27

Das verpufft wohl, aber müssen halt Geduld haben.

[melmac]

Hallo @ All

Hier mal eine Frage – Gibt es einen Bericht über das 4 te Quartal 2007.
Normal gab es diesen immer ca. 6 Wochen nach Quartalsende.

Der aktuelle Kupferpreis von 3,9 $ / lbs steigert unsere Gewinnaussichten.


@Bulko #69
Kann mich Deiner Meinung nur anschließen.


Schönes Wochenende - Melmac

[melmac]

Antwort auf Beitrag Nr.: 33.759.271 von melmac am 29.03.08 22:46:07

Hall @ All

hier die neuesten Jahreszahlen für 2007

http://micro.newswire.ca/release.cgi?rkey=1604019205&view=81…

Auf daß der Kurs steige !

[Videomart]

Was war los mit ML heute??

Alle Moly-Werte im Plus, doch Mercator schwächelt...
Lags am Kupfer?

[neuflostein]

Antwort auf Beitrag Nr.: 33.831.713 von Videomart am 07.04.08 23:31:46

Guck mal nach Canada! ML hat grad die $11 überwunden. Von Schwäche keine Spur.

[Scatlover]

Ja, endlich!
Hoffentlich hält sie die CA$11 diesmal länger.

[Videomart]

Antwort auf Beitrag Nr.: 33.838.166 von Scatlover am 08.04.08 17:29:57

Zwei Tage ist doch schon mal was, oder nicht???

[fanaticaktien]

...na ja .....wenn man sich mal canadianinsider anschaut -denken die jungs von der firma 11 ist erstmal grenze

[Videomart]

Antwort auf Beitrag Nr.: 33.858.805 von fanaticaktien am 10.04.08 17:14:10

Hier ein Mitarbeiter von "Canadian Insider" bei der Arbeit:

[Videomart]

[neuflostein]

Warum bloß habe ich mein Moly Invest gesplittet in Mercator und Roca? Hätte alles auf das ML Baby setzen sollen!

Sehe hier einfach nur rosige Zeiten auf das UNternehmen zukommen, der Kurs sagt das gleiche....

[Scatlover]

Jawoll CA$12 geknackt!

[Videomart]

"Citigroup forecasts strong moly prices until 2010"
Wednesday, April 23, 2008

Molybdenum supply won't catch up with demand until 2010 and rising oil prices will only heighten the metal's value...

http://www.northernminer.com/issues/verify.asp

[neuflostein]

Antwort auf Beitrag Nr.: 33.962.056 von Videomart am 24.04.08 13:35:09

Wäre natürlich sehr gut für Mercator, wenn der Moly Preis bis Ende 2010 bei über $30 bliebe. Das würde genügend Cash für eine Übernahme in die Kasse bringen. Fotgeschrittene Projekte gibt es ja einige....

[Videomart]

Tja, Coxos, die Performance leidet!
Habe heute nachgekauft; aber nicht ML, sondern TCM...

[Videomart]

"Wie wir gestern aus gewohnt gut unterrichteten Kreisen vor Ort in Toronto erfahren haben, sind derzeit mindestens zwei bekannte Großinvestoren im Explorationssektor dabei, ihre Portfolios zu „säubern“.

Dies geschieht jedoch (wie bei Banken und Finanzinvestoren in der aktuellen Kreditkrise üblich) nicht ganz freiwillig, da die Investoren (eine Adresse aus Kanada und eine aus London) ebenfalls auf Kredit investierten und die Linien nun gekürzt bzw. die Kreditbedingungen erschwert wurden. So müssen die zugrunde liegenden Investments zumindest teilweise veräußert werden. Insgesamt sollen gut 140 Aktien aus dem Junior-Mining- und Explorationssektor betroffen sein. Die ganze Verkaufsaktion soll unseren Infos zufolge schon seit Anfang März laufen und sich schon in den letzten Zügen befinden. Mitten in die Veräußerungswelle platzte Ende letzter Woche auch noch eine Horrornachricht aus Ecuador (siehe Updates von Freitag und gestern), nach der das Land die bestehenden Minen– und Explorationskonzessionen für 6 Monate aussetzt und in dieser Zeit ein neues Gesetz, welches den Bergbau und die Exploration im Lande neu regeln soll, beschließen wird (siehe dazu auch den Artikel in dieser Ausgabe!).


Doch nun auch das Gute an der Sache: Seit circa 2 Wochen finden sich bei außerbörslichen Transaktionen aus dieser großen Liquidation überraschend viele Käufer.


So sollen große Blöcke bei Aktien, die auch wir verfolgen, wie z. B. bei Premier Gold Mines, Powertech Uranium, Commerce Resources Uranerz, Forsys oder Advanced Exploration zuletzt relativ problemlos bei anderen Investoren platziert worden sein!
Im Nachhinein lässt sich somit auch die Kursschwäche des ein oder anderen Wertes, trotz fundamental deutlich verbesserter Lage, erklären. Im Umkehrschluss gilt jedoch: Achten Sie jetzt auf das Marktverhalten einzelner Aktien!
Denn: Wenn die Liquidierungen und Umplatzierungen abgeschlossen sind, die Aktien also von (zwangsweise) schwache in neue, starke Hände gewandert sind, dann dürfte man dies als erstes an der relativen Stärke erkennen.
Viele Aktien sind diesbezüglich bereits auffällig geworden. Was uns markttechnisch aufgefallen ist, können Sie in dieser Ausgabe lesen!


Mit den besten Grüßen aus Thunder Bay, Kanada, wo wir heute Premier Gold Mines besuchen,
Ihre Redaktion von www.rohstoffraketen.de"

[Videomart]

[Videomart]

12,10 Can$,SK-ATH



http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s…

[neuflostein]

ML wird mal meine Altersvorsorge, juhuuuuu

[Videomart]

12,21 Can$, SK-ATH

[Scatlover]

Mal sehen ob mal wieder eine Shortattacke kommt...wär ja mal schön, wenn die CA$12 oder noch besser die 12,50, halten würden!

[Videomart]

Antwort auf Beitrag Nr.: 34.092.820 von Scatlover am 14.05.08 17:01:04

12,65 Cad, neues ATH!!

[Scatlover]

CA$12,80

[Videomart]

Corriente has not bought any ROK since April 23 (10k at $2.65).
They continue to buy MLY with purchases of 310k shares so far in June.
So they must have confidence in Moly price stay at $30 +.

Quelle:
stockhouse.ca

[Videomart]

"Experts that have talked about MERCATOR MINERALS LTD."


MERCATOR MINERALS LTD.
Symbol: ML-T

BUY 12.070
Peter Brieger: Copper/molybdenum in the US. Great long-term play. For a stock like this, would recommend a 2% weighting in your portfolio. 2008-06-04


http://www.stockchase.com/Company-sl--slq-ID-slv-MERCATOR--M…

[Videomart]

Copper mine ramps up production

Aaron Royster, Miner Staff Reporter
Friday, June 13, 2008

http://www.kingmandailyminer.com/main.asp?SectionID=1&subsec…

[Videomart]

[Videomart]

Wire: BLOOMBERG News (BN) Date: 2008-06-20 21:04:09
Mercator Is Worth Double Current Price, Chief Says

By Stewart Bailey

June 20 (Bloomberg) -- Mercator Minerals Ltd. said potential acquirers including Thompson Creek Metals Co. and Quadra Mining Ltd. would have to pay as much as $2 billion,more than double the current market value, to successfully takeover the company.
Thompson Creek, based in Toronto, and Vancouver-based Quadra are the ``obvious'' candidates to try to acquire Mercator, Chief Executive Officer Michael Surratt said yesterday in a telephone interview from Kingman, Arizona, where the company is based. The company would cost ``$1.5 billion to $2 billion,'' he said.

Mercator, like larger competitors Thompson Creek and Freeport McMoRan Copper & Gold Inc., is racing to tap molybdenum deposits to exploit a fivefold surge in prices since 2003. The metal, used to toughen steel for drill bits and pipelines, is in increasing demand as crude oil trades at record levels.
``If someone wants to walk in and give us $20 or $25 a share, we'll have to ask our shareholders,'' said Surratt, who added the company is not in any sale negotiations. ``I think it'll take that kind of money to do it.''

Mercator rose 12 cents, or 1 percent, to C$11.78 at 4:10 p.m. in Toronto Stock Exchange trading, giving the company a market value of about C$879 million ($865 million). The shares have gained 43 percent in the past year.
Mercator's Mineral Park mine in Arizona is scheduled to begin production in October and produce 10.3 million pounds of molybdenum and 56 million pounds of copper a year.

`Long-Life Asset'

``Anytime you have a long-life asset that's fully permitted, a mining company has to look at it,'' said Ron Coll, an analyst at Jennings Capital Inc. in Toronto. ``It's awfully attractive to a lot of major mining companies and we're likely to see a transaction before the end of 2008.''

While Quadra and Thompson Creek are ``logical'' acquirers, there are others that may be interested in buying Mercator for
exposure to molybdenum, Coll said in a telephone interview.
Linda Martineau, a spokeswoman for Thompson Creek, said today that ``executives are reviewing possible acquisitions but don't comment on specific companies.'' Sophie Taylor, a spokeswoman for Quadra, would not comment.

Mercator's share price should increase to about $20 as Mineral Park starts production, Surratt said. That target is higher than the $14.35-a-share average forecast of four analysts surveyed by Bloomberg. All four rate the shares ``buy.''

Molybdenum trades at $32.88 a pound, according to data provided by Metal Bulletin. The metal from the mine will be produced at a cost of $5.50 a pound and will be sold by U.K.-based Derek Raphael & Co. Ltd.
A contract for the sale of the mine's copper will be concluded early next month, Surratt said, without naming the buyer.
Mineral Park will have earnings before interest, tax, depreciation and amortization of $450 million a year, Surratt
said.

--Editors: Steven Frank, Steve Stroth.

To contact the reporter on this story:
Stewart Bailey in New York at [phone] or
[e-mail].

To contact the editor responsible for this story:
Kevin Orland at [phone] or [e-mail].

[Public_Relations]

Habe heute Stücke erworben. Eine Klasse Firma - meiner Ansicht nach.

LG

[Scatlover]

Ist sie auch und lt. Chart hast Du einen recht guten Kaufkurs erwischt.
Viel Spaß und satte Gewinne mit ML!

[Scatlover]

Na es hätte noch besser sein können.

[maccy1]

was passiert hier aktuell?so langsam verstehe ich die welt nicht mehr,gibt es irgendwelche gründe für diesen kursverfall?

[mfierke]

Antwort auf Beitrag Nr.: 34.653.054 von maccy1 am 05.08.08 17:17:26

alle Mollys sausen runter

[bmann025]

letztes jahr habe ich im august den tiefpunkt erwischt.
heute habe ich wieder eingekauft.

10 millionen pfund moly
56 millionen pfund kupfer

ca. 30*10mill = 300 millionen $ für moly (bei 30$/pfund)
ca. 3.5*56mill = 80 mill $ für kupfer (bei 3.5 $/pfund)

= 496 mill $ pro jahr

moly gibt es umsonst bei einem kupferpreis von 2$/pfund:
davon ab 2*56mill = 112 mill pro jahr

= 384 mill $ pro jahr

marktkapitalisierung ca. 600 mill $

[Videomart]

Günstigstes Kurs-Gewinn-Verhältnis für 2009 im Mid-Cap Base Metals Bereich: Mercator Minerals

[bmann025]

Antwort auf Beitrag Nr.: 34.869.528 von Videomart am 26.08.08 20:04:17

...wobei man die volle produktionsrate erst im jahresverlauf 2009 erreichen wird.

das annualisierte kgv mit voller produktion liegt also noch deutlich unter den 3.3

[Videomart]

04. September 2008 17:42
LME-Board genehmigt Kontrakte für Molybdän und Kobalt

LONDON (Dow Jones)--Die Londoner Metallbörse will im zweiten Halbjahr 2009 zwei Nebenmetallkontrakte für Molybdän und Kobalt einführen. Wie die Börse mitteilte, wurden beide Kontrakte am Donnerstag vom Board genehmigt, und die Einführung soll nun in Abstimmung mit den Marktteilnehmern vorbereitet werden. Dabei soll eine ähnliche Vorgehensweise wie bei den neuen Stahlfutures gewählt werden: Eine Versuchsphase wird im Juli beginnen, der offizielle Start ist dann für Oktober vorgesehen. Der Chief Executive der LME, Martin Abbott, verwies auf die jüngste Volatilität der beiden Märkte. Dadurch habe sich der Bedarf an einem börsengehandelten Produkt in dem Sektor herauskristallisiert. Kobalt wird in der Luftfahrtindustrie und für wiederaufladbare Ionenbatterien verwendet, Molybdän dient zur Herstellung von Flugzeugteilen, Motoren und Filamenten. Es handelt sich um Nebenprodukte aus dem Kupfer- bzw Nickelbergbau. Die LME offeriert bereits Kupfer- und Nickelkontrakte und ist der Ansicht, dass die im Bergbau dieser beiden Metalle tätigen Unternehmen auch am Börsenhandel der neuen Produkte interessiert sein dürften.

Die Preise für Kobalt sind unter dem Druck billiger Metallexporte aus China und wegen der gegenwärtigen Sommerflaute nach unten gegangen. Kobaltkathoden von 99,3% werden derzeit zu 25,50 USD/lb gehandelt, das bedeutet einen Rückgang um 24% gegenüber Anfang August, als der Preis bei 34,00 USD/lb gelegen hatte. Der Kobalthandel beobachte die Entwicklungen um die neuen Kontrakt aufmerksam, erklärte der Vorsitzende der Minor Metals Trade Association (MMTA) , Charles Swindon. Bisher sei noch nicht klar, wie die Vorschläge genau aussehen, man warte nun auf substanziellere Berichte. Die MMTA hatte sich entschieden gegen die Entwicklung der Kontakte ausgesprochen, als die LME Anfang des Jahres erstmals solche Pläne veröffentlichte.


http://boersen.manager-magazin.de/spo_mmo/news.htm?id=279872…

[Swenmx]

Ist der Laden insolvent,oder warum dieses Massaker?

swenmx

[Scatlover]

Endlich geht es mal wieder aufwärts!
Über 44% im Plus in Kanada.

[Popeye82]

Mercator Starts Commissioning of the Mineral Park Mill
Tuesday October 21, 11:42 am ET
www.24hgold.com/news-company-gold-silver-Starts-Commissionin…

[Videomart]

"heute ist der letzte Tag für die Abwicklung aller Zwangsverkäufe der Hedge-Funds (3 Tage Valuta also für die Glattstellung der Positionen zum Monatsende). Die meisten Kündigungen liefen per 31.10. London meinte gestern abend, daß gestern wohl
der letzte Verkaufstag war. Ob das zutrifft, wird sich nun erweisen.
Diese Terminierung gilt sowohl für die amerikanischen und englischen Hedgies, deren Volumen aller Positionslösungen auf rd. 1.000 Mrd $ veranschlagt wird. Darin stecken auch Öl und Metalle und alle sonstigen Geschäfte, die im Grundsatz immer oder
weitgehend als sog. Carry-Trades konstruiert waren. Das erklärt wiederum den festen Yen und Franken, die beide als Verschuldungswährungen fungierten. Wenn das also richtig ist, müßten beide Währungen teilweise wieder zurückfallen. Für den Yen kündigt sich dies heute morgen bereits an. Damit wäre das Bild eigentlich rund."

Quelle: ariva.de

[fisch29]

Antwort auf Beitrag Nr.: 35.754.458 von Videomart am 29.10.08 22:19:18

Hui, die ist aber auch ganz schön billig geworden, das Hoch lag hier doch noch bei 12 CAD.
Die Moly-Prod. soll jetzt im Okt starten, könnte ne Sünde wert sein.

Bist du noch long oder wartest du auf ein Kaufsignal?

[Videomart]

Antwort auf Beitrag Nr.: 35.754.512 von fisch29 am 29.10.08 22:23:52

Der Oktober ist zu Ende...

[Public_Relations]

Wer sagt mir nicht warum Mercator Min. abschmiert, sondern warum der Wert so dermaßen krass abschmiert!

Ore Produktion hat doch begonnen. Kupferpreise sind low, okay.
Aber warum dieser unaufhaltsame Absturz...

Danke & Grüße
Public

[maccy1]

ich schliesse mich meinem Vorredner an,was ist hier los,das Unternehmen kann doch nur insolvent sein,oder?

[fanaticaktien]

ok wo soll ich anfangen.....

molypreis stark gefallen von
fonds brauchen geld und verkaufen auf teufel komm raus
finanzkrise....

reicht daß

[neuflostein]

Mercator ist stark von einer Insolvenz bedroht. Das tolle Management hat kein einziges Pfund Kupfer gehedgt, für die Mill Expansion ordentlich Schulden und bei derzeitigen Kupfer und Molypreisen keine Chance auf positiven Cashflow.

Fazit: Mercator ist so gut wie tot.

[MFC500]

Antwort auf Beitrag Nr.: 35.936.023 von neuflostein am 13.11.08 10:16:32

bei derzeitigen Kupfer und Molypreisen keine Chance auf positiven Cashflow

Da bist du schlecht informiert:

- 2009 cost of copper production is $1.15/lb Cu and $8.48/lb Mo
- 2010 cost of copper production is $1.00/lb Cu and $6.96/lb Mo
- First 5 year cost of copper production is $1.28/lb Cu and $6.49/lb Mo

Quelle: Unternehmenspräsentation

[maccy1]

Antwort auf Beitrag Nr.: 35.936.023 von neuflostein am 13.11.08 10:16:32

solche Leute wie dich sollte man umgehend sperren!

[neuflostein]

Ich glaube nicht an diese niedrigen Produktionskosten. Fast alle Minen haben zu Anfang mitt höher als geplanten Kosten zu kämpfen. Warum sollte Mercator eine Ausnahme darstellen?

[neuflostein]

Antwort auf Beitrag Nr.: 35.936.471 von maccy1 am 13.11.08 11:07:21

@maccy: Was soll denn der Blödsinn? Wieso sperren?

Scheinbar denken fast alle in ML investierten (oder besser Ex-Investierten), dass eine Insolvenz sehr wohl drin liegt. Oder was sagt ne MK von 40mill Euro für eine derartige Mine sonst aus?

Ich bleibe dabei: Wenn für längere Zeit Moly unter $10/lb und Kupfer unter 1,50 bleiben, dann gehen bei ML die Lichter aus. Lügt euch doch nichts vor, es sieht finster aus....

[Martin12345]

Antwort auf Beitrag Nr.: 35.937.502 von neuflostein am 13.11.08 13:06:22

Der Ölpreis ist aber auch gewaltig zurückgekommen und somit könnten die Produktionskosten sogar auf einen Dollar pro Pfund fallen.
Alles Spekulation wie soviel im Leben.

Auch wenn es derzeit schlimm ausschaut, bin ich hier investiert, weil Mercator im Peer Vergleich einfach zu billig ist.

Der Mineralpark ist ein exzellentes Asset und es dürften einige Interessenten bereits versuchen hier mitzuspielen.

http://img91.imageshack.us/my.php?image=mine1nd6.jpg

Grüße
Martin

[hbg55]

...gestern sahen wir nen schönen sprung aus den tiefs...in
CAN munkelt man von ÜBERNAHME- kandidat !!!!

nach solcher talfahrt nicht so gaaaaanz abwägig....IMO

[fanaticaktien]

Antwort auf Beitrag Nr.: 36.103.610 von hbg55 am 28.11.08 14:32:04

....wer und wo vermutet was,gibt es quellen...habe keine gefunden zum sachverhalt

[hbg55]

Antwort auf Beitrag Nr.: 36.103.610 von hbg55 am 28.11.08 14:32:04

...der trend hält weiterhin an.........


Time Ex Price Change Volume Buyer Seller Markers


10:45:49 T 0.60 +0.03 3,000 79 CIBC 39 Merrill Lynch K
10:45:48 T 0.60 +0.03 15,000 79 CIBC 141 Bolder K
10:45:32 T 0.61 +0.04 2,000 1 Anonymous 7 TD Sec K
10:45:32 T 0.61 +0.04 2,000 1 Anonymous 7 TD Sec K
10:45:19 T 0.62 +0.05 200 73 Cormark 132 Acker Finley E
10:45:19 T 0.62 +0.05 1,000 1 Anonymous 7 TD Sec K
10:44:42 T 0.62 +0.05 2,000 1 Anonymous 39 Merrill Lynch K
10:44:42 T 0.62 +0.05 1,000 1 Anonymous 39 Merrill Lynch K
10:43:24 T 0.65 +0.08 2,500 79 CIBC 9 BMO Nesbitt K
10:43:24 T 0.65 +0.08 5,000 79 CIBC 1 Anonymous K

[berrak]

Antwort auf Beitrag Nr.: 35.938.449 von Martin12345 am 13.11.08 14:56:26

hast du einen moly peervergleich zur hand ?

[auch-da]

http://www.miningnerds.com/molybdenum-mining-report-canada

[hbg55]

Time Ex Price Change Volume Buyer Seller Markers


14:08:59 T 0.52 +0.08 2,000 7 TD Sec 2 RBC K
14:08:59 T 0.51 +0.07 2,000 7 TD Sec 88 E-TRADE K
14:08:34 T 0.51 +0.07 3,500 7 TD Sec 33 Canaccord K
14:07:40 T 0.51 +0.07 500 1 Anonymous 33 Canaccord K
14:04:56 T 0.51 +0.07 10,000 11 MacQuarie 33 Canaccord K
14:04:05 T 0.51 +0.07 3,500 2 RBC 88 E-TRADE K
14:03:16 T 0.52 +0.08 500 65 Goldman 2 RBC K
14:03:08 T 0.52 +0.08 1,000 7 TD Sec 2 RBC K
14:01:52 T 0.51 +0.07 500 2 RBC 1 Anonymous K
13:59:45 T 0.51 +0.07 500 1 Anonymous 1 Anonymous K

[fanaticaktien]

Antwort auf Beitrag Nr.: 36.134.146 von hbg55 am 02.12.08 20:30:31

...kam so eben über den ticker,klingt ja nicht so schlecht,aber na ja der aktienpreis...ercator Minerals Commences Producing Copper-Moly Concentrates at Its Mineral Park Mine



TRADING SYMBOL: TSX - ML

VANCOUVER, Dec. 2 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. ('Mercator') is pleased to announce that its new 25,000 ton per day mill has started producing copper and molybdenum concentrates at its Mineral Park Mine in Arizona, less than two years from completion of its December 29, 2006 Technical Report.

'In less than two years from completion of pre feasibility, Mercator has financed, engineered, procured equipment, and constructed one of the largest and certainly the most modern mill in North America,' said Mike Surratt, President & CEO. 'It is a real tribute to our operating team, contractors and suppliers that this large scale project was completed in such a short time, in a period of high demand for equipment, goods and services across the mining industry,' Surratt added.

Construction of the Phase 1 mill and major components of the Phase 2 expansion commenced in April 2007. Phase 1 of the mill is now complete and is producing copper and molybdenum concentrates. Phase 1 is designed to process at least 25,000 tons per day of ore. The crushing and conveying system, previously considered a potential restriction to throughput, over the past month has operated at rates of more than 50% above design capacity, suggesting that higher than design throughputs may be achievable even before the Phase 2 mill expansion is completed. In addition, approximately 70% of the Phase 2 mill expansion, has been completed, including the second SAG mill foundations and mill reconditioning, reclaim tunnel, ball mill base foundations, cleaner copper circuit, moly circuit, tailings embankment, tailings thickener tank, and water wells.

'Although metal prices have been under a lot of pressure of late, they are still in line with the prices that were used in our technical study economics that were done before the run up in metal prices,' said Mike Surratt. 'The robust economics for the Mineral Park mine are driven by a number of factors, including lower capital for a brown field project (with significant infrastructure already in place), an exceptionally low strip ratio (0.18 tons of waste for each ton of ore), short haul distances, excellent mining conditions, and an SX-EW facility that has been producing copper and cash flow throughout the entire design and construction period.'

Some of the highlights of the December 29, 2006 Technical Report previously announced on January 8, 2007, are set out below (all amounts in US$):

- Life-of-mine average metal prices used in the economic model: $1.53
per pound of copper, $10.16 per pound of molybdenum, $7.50 per oz of
silver;

- Metal prices used in the reserve model were $1.40 per pound of
copper, $7.50 per pound of molybdenum and $7.50 per ounce of silver;

- $426 million after-tax net present value at an 8% discount rate;

- 51% internal rate of return (IRR), after-tax;

- 25 year mine life;

- Production averaging 56.4 million pounds of copper, 10.3 million lbs
of molybdenum and 0.6 million ounces of silver over the first 10
years of operation;

- Strip ratio of only 0.18 tons of waste for 1 ton of ore;

- Two stage development with Phase 1 mill throughput of 25,000 tpd of
ore and a Phase 2 expansion to 50,000 tpd;

- Average of $55 million in operating cash flow per year, after taxes,
over the first 10 years of operations at these assumed metal prices;

- Proven and probable mill reserves of 437 million tons at a copper
equivalent grade of 0.368%, of which 82% is proven, and an additional
proven leach reserve of 82.5 million tons at an average grade of
0.07% copper;

- Life-of-mine production of 1.1 billion lbs of copper, 257.5 million
lbs of molybdenum and 13.7 million ounces of silver;

Mercator Minerals is a TSX listed mining company with only 74.8 million shares issued and an experienced management team that has brought one of the largest and most modern mining projects in North America to production in less than 2 years. Mercator management is dedicated to maximizing profits by making its Mineral Park Mine one of the lowest cost operations in the industry.

Gary Simmerman, P.Eng., Mercator's VP Engineering, a Qualified Person as defined by NI43-101, supervised the preparation of and verified the technical information contained in this release.

Mercator Minerals Ltd.

Mercator is a copper producer that owns and operates the Mineral Park copper/molybdenum mine, with a corporate strategy focused on maximizing the production potential of the Mineral Park copper-molybdenum deposit and growing through mergers and acquisitions. Mercator is in an advanced stage of construction of the molybdenum-copper expansion at Mineral Park. At full capacity, the Mineral Park mine average annual production during the first 10 years is forecast to be approximately 56.4 million pounds of copper, 10.3 million pounds of molybdenum and 0.6 million ounces of silver.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: 'Michael L. Surratt'

Michael L. Surratt,
President

[Supermar9]

Hier noch mal die News Betreff möglicher Ubernahme die sich aber jetzt Warscheinlich erst mal erledigt hat! aber bei steigenden Kupfer & Moly Preise sind wir ja so was von unterbewertet nachdem wir ja auch seit dem 3 Dezember zusätzlich 25.000 ton. mehr Produzieren

Wire: BLOOMBERG News (BN) Date: 2008-06-20 21:04:09
Mercator Is Worth Double Current Price, Chief Says

By Stewart Bailey

June 20 (Bloomberg) -- Mercator Minerals Ltd. said potential acquirers including Thompson Creek Metals Co. and Quadra Mining Ltd. would have to pay as much as $2 billion,more than double the current market value, to successfully takeover the company.
Thompson Creek, based in Toronto, and Vancouver-based Quadra are the ``obvious'' candidates to try to acquire Mercator, Chief Executive Officer Michael Surratt said yesterday in a telephone interview from Kingman, Arizona, where the company is based. The company would cost ``$1.5 billion to $2 billion,'' he said.

Mercator, like larger competitors Thompson Creek and Freeport McMoRan Copper & Gold Inc., is racing to tap molybdenum deposits to exploit a fivefold surge in prices since 2003. The metal, used to toughen steel for drill bits and pipelines, is in increasing demand as crude oil trades at record levels.
``If someone wants to walk in and give us $20 or $25 a share, we'll have to ask our shareholders,'' said Surratt, who added the company is not in any sale negotiations. ``I think it'll take that kind of money to do it.''

Mercator rose 12 cents, or 1 percent, to C$11.78 at 4:10 p.m. in Toronto Stock Exchange trading, giving the company a market value of about C$879 million ($865 million). The shares have gained 43 percent in the past year.
Mercator's Mineral Park mine in Arizona is scheduled to begin production in October and produce 10.3 million pounds of molybdenum and 56 million pounds of copper a year.

`Long-Life Asset'

``Anytime you have a long-life asset that's fully permitted, a mining company has to look at it,'' said Ron Coll, an analyst at Jennings Capital Inc. in Toronto. ``It's awfully attractive to a lot of major mining companies and we're likely to see a transaction before the end of 2008.''

While Quadra and Thompson Creek are ``logical'' acquirers, there are others that may be interested in buying Mercator for
exposure to molybdenum, Coll said in a telephone interview.
Linda Martineau, a spokeswoman for Thompson Creek, said today that ``executives are reviewing possible acquisitions but don't comment on specific companies.'' Sophie Taylor, a spokeswoman for Quadra, would not comment.

Mercator's share price should increase to about $20 as Mineral Park starts production, Surratt said. That target is higher than the $14.35-a-share average forecast of four analysts surveyed by Bloomberg. All four rate the shares ``buy.''

Molybdenum trades at $32.88 a pound, according to data provided by Metal Bulletin. The metal from the mine will be produced at a cost of $5.50 a pound and will be sold by U.K.-based Derek Raphael & Co. Ltd.
A contract for the sale of the mine's copper will be concluded early next month, Surratt said, without naming the buyer.
Mineral Park will have earnings before interest, tax, depreciation and amortization of $450 million a year, Surratt
said.

--Editors: Steven Frank, Steve Stroth.

To contact the reporter on this story:
Stewart Bailey in New York at [phone] or
[e-mail].

[Sharedealer]

Antwort auf Beitrag Nr.: 36.194.762 von Supermar9 am 12.12.08 12:15:04

Super danke für die Info. Ich denke bei Mercator haben wir hier
eine Riesenchance mit einem leider nicht zu kalkulierenden Risiko.
Je nachdem wielange die Krise andauert.

[Videomart]

Antwort auf Beitrag Nr.: 36.195.666 von Sharedealer am 12.12.08 13:56:56

"Cash Strapped Mercator Minerals Faces High Risk" - RBC Analyst
by: FP Trading Desk November 21, 2008

It is a "race to the finish line" for Mercator Minerals Ltd. (MRCMF.PK), according to RBC Capital Markets analyst Adam Schatzker.

The cash-strapped company is trying to start up its Phase I expansion at the Mineral Park mine in Arizona. However, Mr. Schatzker wrote that there is a risk that its cash balance will reach zero before the expansion is complete and the company starts to receive cash from customers.

Mr. Schatzker wrote in a note to clients:

°We have taken the view that Mercator has a high probability of finding itself in financial trouble. However, we think that if it is able to pull through, it's share price could increase substantially from current levels."

He downgraded the stock to "underperform" from "outperform" and cut his target 75% to C$1.00 a share. He called the risks to Mercator's equity "significant," but noted that they are, for the most part, reflected in the current stock price. At about C$0.35 a share, the stock is effectively a call option on the company's future, he wrote.

Mr. Schatzker also assumed that Mercator's Phase 2 expansion at Mineral Park will be pushed back a year (to late 2009 and early 2010), noting that the company does not have the funding to do it sooner based on his forecasts.


http://seekingalpha.com/article/107238-cash-strapped-mercato…

[Sharedealer]

Antwort auf Beitrag Nr.: 36.206.710 von Videomart am 15.12.08 15:01:58

Muss man nicht sagen, dass im Moment alle Rohstofflieferanten
"high risk" sind, denn wenn die Rohstoffpreise so bleiben,
macht ja selbst tcm keinen Cash. Wobei natürlich tcm länger durchhalten würde wegen ihres Geldpolsters.

[Videomart]

Antwort auf Beitrag Nr.: 36.206.902 von Sharedealer am 15.12.08 15:30:24

Du hast völlig Recht!
Die Rohstoffpreise müssen kurz- bis mittelfristig wieder anziehen, sonst werden eine ganze Reihe von kleineren Minenunternehmen pleite gehen...

[Sharedealer]

Antwort auf Beitrag Nr.: 36.207.140 von Videomart am 15.12.08 15:58:21

Das hilft uns natürlich nicht besonders, wenn Mercator dabei sein
sollte. Aber ich sehe halt in Mercator kein grösseres Risiko als
bei anderen. Im Gegenteil, bei den Chancen, die Mercator hat, gibt
es vielleicht doch noch eine Bank, die dann im Notfall einen
kleinen Überbrückungskredit gewährt.

[Videomart]

Chile Codelco sees copper market normalizing in 2011
(Reuters)
Updated: 2008-12-16 10:38

The supply and demand dynamic of copper should normalize around 2011, the chief executive of Chile's state copper giant Codelco, the leading world producer, said Monday.

"We are going to face a complex period," Jose Pablo Arellano told hundreds of subcontract miners at a conference in the Chilean capital of Santiago.

He said prices for copper, Chile's main export, would only stabilize once the global financial crisis eases.

"In 2011, we will see prices normalize at levels above long-term trends, not at $4 a lb, but at levels above long-term prices," Arellano said. He did not say what he meant by long-term trends and prices.

Strong prices, driven by limited supplies and booming Asian demand, helped push Chile's trade surplus to record levels in recent years.

But the price of the metal has plunged on world markets in recent months, prompting the central bank to scale back its economic growth forecasts. Copper prices have more than halved since record levels of over $4 per lb in July as a global slowdown hit demand.

The central bank last month cut its economic growth forecast for 2009 to between 2.0 and 3.0 percent from 3.5 to 4.5 percent, citing the spiraling global financial crisis and plunging prices for copper, its chief export.

It then also cut its estimated average copper price for 2009 by nearly half, to $1.65 per lb from the $3.10 a lb it had estimated in September.


http://www.chinamining.org/News/2008-12-16/1229395167d20208.…

[hbg55]

Antwort auf Beitrag Nr.: 36.214.492 von Videomart am 16.12.08 15:21:04

....dennoch vermochte ML heute gut behauptet aus dem
handel zu gehen mit SK 0,465.......



Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers

16:10:00 T 0.465 +0.015 500 80 National Bank 7 TD Sec KQ
15:59:10 T 0.465 - 1 2 RBC 132 Acker Finley E
15:58:40 T 0.465 - 201 2 RBC 132 Acker Finley E
15:58:36 T 0.45 - 12 132 Acker Finley 2 RBC E
15:57:34 T 0.465 - 200 80 National Bank 132 Acker Finley E
15:54:36 T 0.45 - 6,000 7 TD Sec 7 TD Sec K
15:53:56 T 0.465 +0.015 15 7 TD Sec 132 Acker Finley E
15:53:51 T 0.465 +0.015 500 65 Goldman 7 TD Sec K
15:53:32 T 0.465 +0.015 200 80 National Bank 132 Acker Finley E
15:52:34 T 0.465 +0.015 500 65 Goldman 7 TD Sec K

[Videomart]

Antwort auf Beitrag Nr.: 36.219.260 von hbg55 am 17.12.08 01:52:51

Da wird der Handel den ganzen Tag über mit 500er- Blöcken "zugepflastert", Goldman Sachs (auf Käuferseite)
tätigte 11 dieser Trades alleine in den letzten 30 Handelsminuten...

Was soll das???

[Sharedealer]

Antwort auf Beitrag Nr.: 36.221.115 von Videomart am 17.12.08 11:38:16

Sind das vielleicht irgendwelche automatischen Orderprogramme ?
Sonst habe ich auch keine Ahnung. Schade das Plus gestern
verpufft sich leider im Währungsverlust.

[Videomart]

Antwort auf Beitrag Nr.: 36.221.404 von Sharedealer am 17.12.08 12:04:51

Das kommt bei ML als weiteres Risiko hinzu!
Hoffentlich reißt der US-Dollar den Cad in den nächsten Monaten nicht noch weiter mit nach unten...

[Martin12345]

Antwort auf Beitrag Nr.: 36.221.546 von Videomart am 17.12.08 12:23:07

Kupfer fällt und fällt und das bei gleichzeitig schwachen Dollar. Die Wirtschaft scheint wirklich tot zu sein und Kupfer benötigt wohl keiner mehr.

Ich wette, dass die Amis bei dem Crash der Rohstoffe gewaltig mitgeholfen haben, um wieder einen Spielraum für Zinssenkungen zu haben.

Grüße
Martin

[Videomart]

WORLD COPPER MARKET REVIEW
(Week of 8-12 December 2008)
http://www.kitco.com/reports/cochilco_dec122008.pdf

[Videomart]

Copper Tumbles to Lowest Since January 2005 as Demand Dwindles

By Millie Munshi

Dec. 17 (Bloomberg) -- Copper prices fell to the lowest in almost four years on concern that the deepening global recession will reduce metal demand through next year.

Confidence in the world economy fell in December as the economic contraction spread, a survey of Bloomberg users on six continents showed. Copper supplies outpaced demand by 30,600 metric tons in the 10 months ended Oct. 31, the World Bureau of Metal Statistics said today. The metal is down almost 55 percent this year, heading for a record annual decline.

“There is no doubt that the outlook for metals demand over the next few quarters is grim,” analysts at Barclays Capital said in a report today. “Copper is the metal we would identify as having the furthest downside potential from current levels.”

Copper futures for March delivery dropped 0.6 cent, or 0.4 percent, to $1.3725 a pound at 12:19 p.m. on the Comex division of the New York Mercantile Exchange. Earlier, the price touched $1.3285, the lowest since Jan. 4, 2005.

“Base metals are going to suffer for at least another year with the economy,” Gijsbert Groenewegen, a fund manager at Gold Arrow Capital Management in New York, said yesterday. “It’s not going to be a pretty next couple of months.”

Climbing copper inventories have pointed to sagging demand. Stockpiles monitored by the London Metal Exchange added 1 percent to 321,900 metric tons today. Supplies tallied by the LME are up 63 percent this year.

Copper demand will lag behind production next year and the market will have a surplus of 144,000 tons of metal, Barclays forecast. That compares with an estimated shortfall of 60,000 tons in 2008, the bank said.

Currency Supports Copper

Still, copper pared declines today as the dollar plunged against the euro, spurring demand from investors seeking alternative assets, said Ron Goodis, a retail-trading director at Equidex Brokerage Group Inc. in Closter, New Jersey.

“If the weakness in the dollar continues, it may spark a rally for all these commodities,” Goodis said. “Copper might be a follower.”

The euro gained as much as 3.1 percent against the dollar today, to $1.4437.

Copper may get a boost in the long-term as mining companies, faced with declining profits, curb production and limit supplies, Goodis said.

Anglo American Plc today cut planned investment by more than half as a rout in metals prices thwarted its $45 billion expansion program. The company joins Rio Tinto Group and Freeport-McMoRan Copper & Gold Inc., the world’s biggest publicly traded copper producer, in taking steps to reduce output and trim expansion.

On the London Metal Exchange, copper for delivery in three months dropped $40, or 1.3 percent, to $3,030 a metric ton ($1.37 a pound). The price reached a record $8,940 on July 2.


http://www.bloomberg.com/apps/news?pid=20601012&sid=ayGb_kD7…

[Videomart]

[Martin12345]

Antwort auf Beitrag Nr.: 36.234.306 von Videomart am 18.12.08 21:01:39

Vielleicht liquidiert Sprott.

[hbg55]

Antwort auf Beitrag Nr.: 36.234.306 von Videomart am 18.12.08 21:01:39

.......ÜBLER anblick......bzw. KAUF- chance, denn JEDEM
tal folgt ein berg !!!


im übrigen: kupfer wird noch lange benötigt - zb auch
in der zukunftsträchtigen SOLAR- branche

[Martin12345]

Antwort auf Beitrag Nr.: 36.234.382 von hbg55 am 18.12.08 21:12:22

Kaufen kann aber auch auf diesem Niveau verdammt riskant sein.
Ein Totalverlust ist nicht mehr auszuschließen. Warum wohl wird geschmissen als gäbe es kein Morgen.

[Martin12345]

Antwort auf Beitrag Nr.: 36.234.400 von Martin12345 am 18.12.08 21:15:15

Meiner Meinung nach werden GM,Chrysler und Ford bald Insolvenz anmelden, das dürfte den Märkten den Rest geben. Erst nach diesem Szenario würde ich kaufen.

[hbg55]

Antwort auf Beitrag Nr.: 36.234.400 von Martin12345 am 18.12.08 21:15:15

...DAS sieht MIR nach port.- bereinigung eines investors
zum jahres- ultimo aus !!!


zur erinnerung ausm bericht über q.3.....

Financial Highlights for the Three Months ended September 30, 2008

- Cash and cash equivalents of $28.6 million and working capital of
$38.3 million at September 30, 2008 ;



...bzw. akt. MK von grad mal cad-mios. 25,-

[Martin12345]

Antwort auf Beitrag Nr.: 36.234.556 von hbg55 am 18.12.08 21:33:37

Bereinigt wird schon in den letzten 4 Monaten.
Entweder steht wirklich, wie einer in den Bullboads schreibt, ein Delisting an oder jemand muss wirklich zwingend liquidieren.

Was für ein sch... Tag.

Grüße
Martin

[Martin12345]

Antwort auf Beitrag Nr.: 36.234.556 von hbg55 am 18.12.08 21:33:37

Wenn Sie die Schulden nicht bedienen können, dann haben wir bald bei Mercator einen Chapter 11. Ohne steigende Rohstoffpreise schaut es düster aus.

[MFC500]

Antwort auf Beitrag Nr.: 36.234.620 von Martin12345 am 18.12.08 21:40:59

Du solltest vielleicht mal die Finanzberichte lesen:

"The notes bear interest at 11.5% per annum payable semiannually in equal installments on June 30 and December 31 of each year. The notes mature on February 16, 2012, at which time the Company will be required to repay the principal amount of $120,000,000."

[Videomart]

Antwort auf Beitrag Nr.: 36.234.382 von hbg55 am 18.12.08 21:12:22

denn JEDEM tal folgt ein berg !!!

Außer bei einer Insolvenz...

[Videomart]

Friday, 19 Dec, 2008

Chilean November molybdenum exports down by 50% YoY

Platts reported that the value of Chile's exports of ferromolybdenum and molybdenum halved in November 2008, dropping 49.9% YoY to USD 179 million from USD 357.3 million in the same month of last year.

The figures reflect the sharp drop in international molybdenum prices which have fallen to less than USD 10 per kilogram, from more than USD 30 per kilogram just a few weeks ago, and lower production from Chile's large copper mines, several of which produce the minor metal as a byproduct.

Molybdenum production to October 30th 2008 totaled 27,341 tonnes, down by 26.2% YoY from the same period of last year.

Exports for the first 11 months of 2008 were valued at USD 3.221 billion, down by 7% YoY from USD 3.467 billion in the same period of last year. Chile is one of the world's leading molybdenum producers.

http://www.steelguru.com/news/index/2008/12/18/NzU4MDE%3D/Ch…

[Videomart]

Antwort auf Beitrag Nr.: 36.234.556 von hbg55 am 18.12.08 21:33:37

aus "stockhouse":

bluespruce 12/18/2008 4:50:05 PM

"at.33 Im waiting for tax loss season to be over. The major sellers today were lg institutions that are selling for tax reasons. This company is not going bankrupt. It will be sold first if things get worse. I think .50 is very possible before year end (after tax loss season). Watch for goldman to start buying again next few days."

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&…

[Videomart]

Antwort auf Beitrag Nr.: 36.234.599 von Martin12345 am 18.12.08 21:38:51

Entweder steht wirklich, wie einer in den Bullboads schreibt, ein Delisting an oder jemand muss wirklich zwingend liquidieren.

Aus dem S&P/TSX Composite Index scheidet Mercator Minerals definitiv am 22.Dezember 2008 aus...
http://www.newswire.ca/en/releases/archive/December2008/12/c…

[hbg55]

Antwort auf Beitrag Nr.: 36.235.495 von Videomart am 19.12.08 00:44:46

.....thks VM - damit ist m.e. der hauptgrund für die
jüngsten abgaben gefunden !!!


daß darüber hinaus auch der preisverfall der rohstoffe
für verunsicherung bei den investoren sorgt nur zu ver-
ständlich - absolut KEIN WERT für schwache nerven, aber
dennoch seeeehr int......IMO


akt. MK bei cad-mios 26,-


dabei haben die grad vor kurzem eine hochmoderne low- costs- prod.-linie in betrieb genommen, die ein vielfaches an wert
darstellt !!!

[Supermar9]

Antwort auf Beitrag Nr.: 36.235.495 von Videomart am 19.12.08 00:44:46

Mit dem Delisting dürfte es fast nichts zu tun haben! da ist ja auch Novagold dabei und die sind ja in den letzten Tagen über 200 5 Gestiegen!!!

[Videomart]

Antwort auf Beitrag Nr.: 36.237.271 von Supermar9 am 19.12.08 11:26:28

Die verkaufen ja auch kein Kupfer und kein Molybdän...


Molybdenum Oxide
Ryan's Notes Average: US$9.85/lb
As of Dec. 17, 2008
(updated twice weekly)


Copper

[Sharedealer]

Anscheinend ist Mercator jetzt schon pleite :-(

[hbg55]

Antwort auf Beitrag Nr.: 36.242.072 von Sharedealer am 19.12.08 20:28:36

....vor ner woche sagst du was von RIESENCHANCE
und HEUTE solln die schon pleite sein - frag mich
wirklich, worauf DEINE aussagen begründet sind

[Sharedealer]

Antwort auf Beitrag Nr.: 36.242.154 von hbg55 am 19.12.08 20:45:19

Eventuell sollte ich das mit der Riesenchance zurück ziehen,
leider sagt der Aktienkurs immer die Wahrheit und der sieht
gelinde gesagt scheisse aus. Ich kanns ehrlich gesagt nicht
genau erklären, habe mir alle Filings nächtelang durchgelesen
und kann so ganz diesen Absturz nicht erklären. Klar gibts
nen Risiko, dass wir pleite gehen, aber diese Gefahr besteht
momentan für alle Firmen, wenn man es so betrachtet.

[hbg55]

Antwort auf Beitrag Nr.: 36.242.176 von Sharedealer am 19.12.08 20:50:14

....habe mir alle Filings nächtelang durchgelesen
und kann so ganz diesen Absturz nicht erklären.....



na dann möchte ICH dich bitten.....entweder die filings
nochmals zu studieren oder aber davon abzusehen irgendwelche
PLEITE- gerüchte in die welt zu setzen - haben schon
wahrlich genug verunsicherung im markt !!!

[defiantcookie]

Antwort auf Beitrag Nr.: 36.237.452 von Videomart am 19.12.08 11:47:56

Hi!

Bin mit einem Mikro-Betrag eingestiegen.
Geht der den Bach runter, nicht schlimm.

Wird´s mittel- bis langfristig was, war´s ein Schäppchen - ...

[Sharedealer]

Antwort auf Beitrag Nr.: 36.242.221 von hbg55 am 19.12.08 20:57:31

Hey, das war doch kein Pleitegerücht, das war ne ironische
Bemerkung wegen des nochmaligen Minus in CAN. Bin doch genau
so investiert wie Du. Suche nur nach Erklärungen für den
etwas heftigen Absturz.

[Sharedealer]

Antwort auf Beitrag Nr.: 36.242.243 von defiantcookie am 19.12.08 21:01:15

Du Glücklicher, ich bin bei 1,80 eingestiegen und habe jetzt nochmal nachgelegt.

[Martin12345]

Antwort auf Beitrag Nr.: 36.242.514 von Sharedealer am 19.12.08 21:51:06

Langsam müsste doch das Volumen zurückgehen. Ich verstehe das einfach nicht.

Super, auf Tagestief auch noch geschlossen.

Grüße
Martin

[Videomart]

Antwort auf Beitrag Nr.: 36.242.243 von defiantcookie am 19.12.08 21:01:15

Hallo def!

Lange nichts gehört von Dir.
Wünsche Dir viel Erfolg mit ML, uneigennützig, wie ich bin.

Wie geht's Dir, was macht die Schweiz??

Viele Grüße
Vm

[Videomart]

China launches metal stock build with first indium buy
Fri Dec 19, 2008 5:58am EST
(Recast with more metals)

By Polly Yam

HONG KONG, Dec 19 (Reuters) - China launched its drive to dramatically expand government metal stockpiles this week, buying indium for the first time ever and starting negotiations to add to zinc and aluminium inventories, sources said on Friday.

The campaign may gather pace in the coming days as the State Reserves Bureau, which is responsible for buying and managing the country's metals reserves, aims to soak up domestic surpluses and keep Chinese smelters operating as a sharp economic slowdown quashes demand.

The SRB bought 30 tonnes of indium -- a minor metal used in making LCD screens -- from a large Chinese smelter on Wednesday, a trade source familiar with the deal said on Friday. China is the world's top producer of indium, a by-product of zinc output.

Smelter officials said the SRB is expected to start buying zinc and aluminium soon from Chinese smelters and the domestic spot market, given prices were touching the bottom. That spurred growing speculation that copper could be next.

"The SRB has informed smelters of the (zinc) buying plan," an official at a large zinc smelter said. "We understand that the SRB plans to buy 300,000 tonnes."

The indium deal, a first for the SRB, represents the equivalent of about 6 percent of the 510 tonnes of global indium output last year, figures from the U.S. Geological Survey showed. Spot indium in Shanghai traded at about 2,000 yuan a kg, or about 2 million yuan per tonne on Friday.

The SRB is expected to buy more indium from smelters or the domestic spot market in coming weeks, the source said.

Top zinc smelters Zhuzhou Smelter (600961.SS) and Huludao Zinc 000751.SZ are also the two biggest indium producers in the country.

Zinc is up next, potentially bringing relief to smelters who have failed to shore up prices since they began cutting production since October. But demand has fallen even quicker, causing a commercial inventories to rise as high as 300,000 tonnes, nearly one month's production in the world's top producer.

"The plan has been kicked off," the source said. "Smelters are entering into a stage of signing contracts (with the SRB)."

The National Development and Reform Commission, which controls the SRB, is believed to have agreed to buy primary aluminium from smelters in principle, industry sources said.

The state planner has requested large aluminium smelters to enlarge their production cuts to help trim the surplus, in return the SRB could buy between 1 and 2 million tonnes of metal in coming months, a smelter official said.

About 1.4 million tonnes of primary aluminium are estimated to be sitting at private and public warehouses and smelters' yards, smelter officials and traders have said.

The stocks may rise to 2 million tonnes in February, given the weaker demand in January as many end-users close or slow production during the Chinese New Year, which falls on Jan 26.

Copper may be the next metal the SRB would buy, given the surplus is smaller than zinc and aluminium, while a copper smelter source said such purchase, if proceeded, could reach at least 700,000 tonnes. He added 400,000 tonnes of the total might come from Jiangxi Copper (0358.HK)(600362.SS).

Pan Qifang, Jiangxi Copper's spokesman, said the largest copper producer in China had not received a written request for the state buying, but encouraged the central government to buy copper as the country was short of the resource.

"We believe now is the good time to buy copper," Pan told Reuters on Friday. "The buying should come from imports."

A director at the trade department of Yunnan Tin 000960.SZ, the country's top tin producer, said the firm was working on submitting information to the central government's plan to buy metals reserves from smelters. (Editing by Jonathan Leff)

http://www.reuters.com/article/marketsNews/idAFHKG3646542008…

[Sharedealer]

Antwort auf Beitrag Nr.: 36.242.569 von Martin12345 am 19.12.08 22:00:08

Ich verstehs momentan auch nicht, warum auf Mercator so sehr
eingeprügelt wird im Moment. Wir sind noch lange nicht pleite
soweit ich es überblicken kann. Wobei ein paar Jahre halten wir natürlich bei diesen Rohstoffpreisen auch nicht durch, das ist
klar.

[berrak]

Antwort auf Beitrag Nr.: 36.235.495 von Videomart am 19.12.08 00:44:46

lese ich das richtig, da sind fast nur delistings

[Supermar9]

Antwort auf Beitrag Nr.: 36.242.626 von Sharedealer am 19.12.08 22:07:36

Wir als Produzent sind sind ja fast weniger wert als so mancher Explorer der vieleicht ein paar mittelmässige Bohrungen hinter sich hat
Ich werd auf jeden fall spätestens am Dienstag noch mal Nachkaufen um mein EK 0,25 € cent zu verbessern und danach ist es am besten erst wieder ins Depot zu schauen wenn der Kupfer & Molly preis sich wieder stabilisiert hat! so in 2 bis 3 Monate.

[Martin12345]

Nach Beendigung des Handels ging es noch einmal weiter runter. Einfach unfassbar.

Kurs nun 0.29 Cad.

[defiantcookie]

Antwort auf Beitrag Nr.: 36.242.605 von Videomart am 19.12.08 22:04:42

BM...

[Sharedealer]

Antwort auf Beitrag Nr.: 36.242.740 von Supermar9 am 19.12.08 22:28:02

Ja normal ist das nicht, nochmal 15% minus in CAN, noch einmal nachkaufen und dann "Alles oder nichts", geht ja nicht um Alles,
sind halt nen paar tausend Euro weg, wenns schief geht, aber das
ist halt die Frage, die sich viele Anleger oder Aussteiger bei
Mercator stellen, halten die durch, bis es wieder aufwärts geht.

[MFC500]

Antwort auf Beitrag Nr.: 36.242.634 von berrak am 19.12.08 22:08:50

Das sind keine Delistings; es handelt sich um Änderungen (Zu-Abgänge) verschiedener Indeces. Das berührt die Börsennotiz der jeweilgen Aktie nicht

[Videomart]

MORE ROBUST SHORT TERM THAN EXPECTED
Chinese copper imports may be rising defying market belief

Detailed analysis of Chinese import statistics suggest that all is not what they have been believed and imports of copper are stronger than the market has suggested.

Author: Andy Home
Posted: Thursday , 18 Dec 2008

LONDON (Reuters) -

The strength of Chinese copper imports in November seems to have defied market expectations, for the second month running.

However, the arbitrage between Shanghai and London remained positive for imports last month and that is still the case this month.

Moreover, China's continued appetite for refined copper suggests a more complex dynamic than the simplistic "doom and gloom" view of events in the local market.

IMPORTS ACCELERATE

The first snapshot of China's trade figures in November suggested that refined copper imports actually fell month-on-month.

The preliminary report aggregates imports of refined metal, alloy, anode and products. November's 217,214 tonnes were 6.0 percent off the pace of October.

However, the second, more detailed breakdown of November trade showed that the decline overly reflected a sharp fall in imports of copper products, which fell to 58,618 tonnes in November from 74,900 tonnes in October.

Imports of refined metal, alloy and anode were 158,600 tonnes and, assuming that monthly trade in alloy and anode didn't deviate too far from the average rate of the previous 10 months, imports of refined metal alone were probably around 138,000 tonnes.

If this figure proves to be correct it will be the highest monthly total so far in 2008.

How do we square such strong copper imports with accumulating evidence of a sharp slowdown in Chinese manufacturing output?

WINDOW STILL OPEN

The mechanics of continued robust inflows of refined copper to China are relatively straightforward.

Shanghai spot copper traded at a premium to London during much of November, keeping the arbitrage window open.

That will have encouraged opportunistic flows of metal into China. Many local players view an import-friendly arbitrage as nothing much more than a fast way of raising cash in dollars.

Such players will continue to capitalise on the London-Shanghai differential as long as it exists, which it still does. Unlike the London Metal Exchange (LME contract, which is in contango, the Shanghai Futures Exchange (SHFE) nearby copper curve remains heavily backwardated, keeping spot prices higher than LME prices.

The backwardation, in turn, is a result of depleted SHFE stocks. At 16,297 tonnes they are still very low by historical standards. The SHFE's recent volatility, resulting in short positions being prematurely closed out on a couple of occasions, has disrupted the functioning of the market and probably acted to hinder a sustained stock rebuild.

As such, SHFE stocks may not be as good a barometer of the overall stocks picture in China as desired.

That said though, there is little anecdotal evidence of the sort of off-market stocks build that is plaguing the Chinese zinc and aluminium sectors right now.

FALLING PRODUCTION

Mitigating against a sizeable build in Chinese stocks of copper has been the recent trend in domestic production of the red metal. Official figures for November showed national production of refined copper rising to a five-month high of 330,200 tonnes.

However, behind the headline figure was a continuation of the recent weak trend in national production. November output was below the year-earlier level for the second consecutive month and for the third time in the last four reported months -- August through November.

Cumulative production growth slowed to just 9.6 percent, after running at closer to 20 percent in the second quarter.

That's a sharp slowdown. Growth is now at multi-year lows and it shows every sign of decelerating further, particularly with smelters caught in the vice of low prices for their product and the high cost of imported raw materials.

China, remember, is highly dependent on imports of copper concentrate to produce refined metal. Although spot concentrate terms have moved in the smelters' favour over the last couple of months, preliminary talks with international miners on 2009 terms have got nowhere, the smelters balking at what they view as an aggressive stance by the other side.

COMPLEX CONSUMPTION

Moreover, although there is no doubt that Chinese economic growth is slowing rapidly enough to cause serious concern to Beijing, it is by no means a uniform picture.

Firstly, there are big differences between specific copper-industry sectors. Any sector dependent on exports is suffering, but those, such as power cable manufacturers, which are more dependent on the domestic market, are said by locals to be buying copper against future orders.

Beijing's accelerated stimulus package, boosting infrastructure spending, will likely accentuate this divergence in the coming months.

Secondly, the Chinese industrial sector has not yet fallen off the cliff in quite the same way as has happened in most of the developed world.

Headline industrial production growth fell to 5.4 percent year-on-year in November from 8.2 percent. But UK analysts CHR Metals make the useful point that seasonally adjusting the figures shows that output actually grew by 1.1 percent in November after plunging by 4.6 percent in October.

"There may well be some sleight of hand in the presentation of the headline IP data but we take some heart from the fact that October's panic, which prompted severe cuts across a range of industries, did not herald even more drastic cutbacks in November," CHR said in its most recent "Global IP Watch".

That's not to understate the problems facing either the Chinese economy as a whole or the local copper sector specifically, but it is to emphasise that there is still an element of resilience on the consumption side, which will be a net positive until the impact of the government's stimulus package kicks in next year.

In short, China's refined copper imports look set to remain more robust in the very short term than widely expected and there are solid reasons for believing that we are not seeing a one-dimensional relocation of surplus metal from the international to the Chinese market place.

(Editing by Karen Foster)


http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=75…

[Martin12345]

Antwort auf Beitrag Nr.: 36.242.767 von Martin12345 am 19.12.08 22:33:59

Warum wurde eigentlich nach Börsenschluss noch gehandelt?

[Videomart]

Copper Drops to Lowest Since October 2004 as Inventories Climb

By Millie Munshi

Dec. 18 (Bloomberg) -- Copper tumbled to the lowest price in more than four years as metal inventories climbed, signaling waning demand during the global recession.

Stockpiles monitored by the London Metal Exchange rose 0.7 percent today to 324,175 metric tons, the highest level since Feb. 12, 2004. Supplies have surged 64 percent this year. Global copper production exceeded demand by 30,600 tons in the 10 months ended Oct. 31, the World Bureau of Metal Statistics said yesterday. The price has dropped 57 percent in 2008.

“Demand concerns are overriding,” Edward Meir, an analyst at MF Global Ltd. in Darien, Connecticut, said in a report. The drop today is “attributable to rising LME stock levels,” he said.

Copper futures for March delivery dropped 7.15 cents, or 5.2 percent, to $1.3015 a pound on the Comex division of the New York Mercantile Exchange. Earlier, the price touched $1.296, the lowest for a most-active contract since Oct. 29, 2004.

The metal extended losses after a report showed the index of leading U.S. economic indicators fell in November, underscoring economists’ projections that the current U.S. recession will be the longest in the postwar era.

“There’s just no demand out there now,” said Michael Gross, an analyst at OptionSellers.com in Tampa, Florida. “With every economic report that comes out, it just feels like there’s no light at the end of the tunnel. Things are just getting bleaker and bleaker.”

Automakers, Builders

Copper is poised for the biggest annual decline ever after demand by manufacturers, automakers and builders plunged. General Motors Corp., Ford Motor Co. and Chrysler LLC will shutter about 59 factories over the next month amid the lowest sales in 26 years.

Copper may fall below $1 in 2009, Gross said. The last time copper traded at that level was in December 2003.

“Demand will be down substantially,” Gross said. “It’s very realistic that we could go back 50 cents and be near those levels. We’ve already come down so far so fast. At this rate, it won’t take long to approach those lows.”

On the LME, copper for delivery in three months dropped $140, or 4.6 percent, to $2,880 a metric ton ($1.31 a pound). The price reached a record $8,940 on July 2.


http://www.bloomberg.com/apps/news?pid=20602013&sid=a4apopwX…

[Videomart]

SPECIAL REPORT
Battered commodities could perk up late in 2009
Stimulus steps, output cuts should eventually help oil, metals, analysts say
By Moming Zhou, MarketWatch
Last update: 4:41 p.m. EST Dec. 19, 2008

http://www.marketwatch.com/news/story/battered-commodities-c…

[Videomart]

Molybdenum Oxide Price
Ryan's Notes Average: US$9.75/lb
As of Dec. 19, 2008

[hbg55]

....ML sind die XMAS- days guuuut bekommen






RT...cad 0,40

[Martin12345]

Antwort auf Beitrag Nr.: 36.277.730 von hbg55 am 29.12.08 21:37:05

Wie erklärst Du dir die Stärke derzeit.

Der Preis von Kupfer ist noch immer schwach und hat noch keinen Boden gefunden. Keiner weiß, ob Sie wirklich mit Gewinn produzieren können.

Mir kann es nur recht sein, dass es endlich bergauf geht. Leider wurden meine Kauflimits vor einer Woche nicht ausgeführt.

Grüße
Martin

[Supermar9]

Antwort auf Beitrag Nr.: 36.282.692 von Martin12345 am 30.12.08 16:26:33

meine 2te Order am Montag zu 0,21 ist leider auch nicht durchgegangen! aber meiner restlichen zu 0,25 werde ich nicht hergeben, vieleicht gibt es ja doch noch eine Übernahme oder eine Partnerschaft bei diesen Günstigen Kursen Bei Noront & Novagold haben nur die Gerüchte über möglicher Übernahme für 50 bis 200 % aussgereicht!!!
Grüße an alle & viel Glück im Neuen Jahr mit unseren Rohstoffperlen

[hbg55]

Antwort auf Beitrag Nr.: 36.282.824 von Supermar9 am 30.12.08 16:45:12

...so ists, SUPERMAR.......weniger fundamentals zählen akt.
als ´phantasie´........auf wieder- erstarkte märkte etcccccc


uuuund unter diesem blickwinkel schaut ne ML gar nicht
so übel aus - werde meine st. auch schön halten bzw.
ggf. aufstocken !!!


auf ein HAPPPPY 2009 für unsre perle

[hbg55]

...und was sagen uns die technik- freaks für zb.....
the next 6 month.....cad 2,25 und 3,43 sogar in einem jahr !!!


......schaut mal selbst......


http://canada.stoxline.com/q_ca.php?s=ml.to

[hbg55]

.....moin ML-lers


wer nochmal in 2008 aktiv werden möchte, hat gleich
in CAN + USA nochmal gelegenheit ´dabei´ zu sein, denn
aller unkenrufe zum trotz schauts für ML in 2009 gar
nicht übel aus


..........wish you ALLLLLLLLL....HAPPPPY 2009 !!!


euer hbg55

[hbg55]

Antwort auf Beitrag Nr.: 36.286.724 von hbg55 am 31.12.08 15:25:24

......uuuuuuund ´zufriedenstellend´ gingen wir
am 1. handelstag 2009 ausm handel ins WE.......



Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers


15:59:17 T 0.55 +0.15 1,000 85 Scotia 9 BMO Nesbitt K
15:59:17 T 0.56 +0.16 10,000 7 TD Sec 9 BMO Nesbitt K
15:58:43 T 0.57 +0.17 2,000 7 TD Sec 7 TD Sec K
15:58:36 T 0.56 +0.16 2,000 7 TD Sec 1 Anonymous K
15:57:07 T 0.56 +0.16 500 7 TD Sec 1 Anonymous K
15:55:19 T 0.56 +0.16 500 7 TD Sec 88 E-TRADE K
15:54:14 T 0.56 +0.16 1,500 7 TD Sec 7 TD Sec K
15:54:14 T 0.56 +0.16 3,500 7 TD Sec 88 E-TRADE K
15:54:13 T 0.56 +0.16 1,000 7 TD Sec 7 TD Sec K
15:53:36 T 0.55 +0.15 500 85 Scotia 1 Anonymous K

[hbg55]

Antwort auf Beitrag Nr.: 36.296.138 von hbg55 am 03.01.09 00:43:36

...auch das chart- bild kann sich sehen lassen

[Videomart]

Antwort auf Beitrag Nr.: 36.285.036 von hbg55 am 31.12.08 00:46:41

Tja, mit dem Aufstocken ist das ab jetzt so eine Sache, denn mindestens 25% des Gewinns sind "vorm Zug" dahin.
Alle, die bereits in 2008 investiert waren, können einen erneuten Einbruch um 20% locker aussitzen...

[Videomart]

CIBC World Markets, November 24, 2008

Metals & Minerals
"Many Moly Developments Remain Unfinanced; Current Producers To Shine"
http://www.mphventurescorp.com/i/pdf/Moly_Initiation_CIBC_No…

[Videomart]

U.S. steel industry urges "buy America" recovery plan
Thu Jan 1, 11:16 pm ET

WASHINGTON (Reuters) – The ailing U.S. steel industry is pressing President-elect Barack Obama for a public works plan that could be worth $1 trillion over two years to boost flagging demand for U.S.-made steel, the New York Times reported in Friday's editions.

Daniel DiMicco, chairman and chief executive of Nucor Corp, a giant steel maker, told the paper the industry was asking the incoming administration to "deal with the worst economic slowdown in our lifetime through a recovery program that has in every provision a 'buy America' clause."

The industry supports building mass transit systems, bridges, electric power grids, schools, hospitals and water treatment plants -- all of which would require large amounts of steel.

"We are sharing with the president-elect's transition team our thoughts in terms of the industry's policy priorities," Nancy Gravatt, a spokeswoman for the American Iron and Steel Institute, was quoted as saying.

Obama, who is to be sworn in as president on January 20, has not revealed details of his soon-to-be-announced plan for spurring the weakest economy since the Great Depression more than 70 years ago. Aides have indicated most of the package will probably go into infrastructure spending rather than tax breaks.

"If the president-elect really follows through, he'll fund a lot of mass transit projects," said Wilbur Ross, a Wall Street dealmaker who put together a steel conglomerate known as Arcelor Mittal USA.

"All the big cities have these projects ready to go."

Since September, U.S. steel output has plunged about 50 percent to its lowest point since the 1980s, largely because construction and auto production have fallen sharply.

The fall-off in production of appliances, machinery and other electrical equipment has also reduced steel orders, sending the price of a ton of steel down by half since late summer.

Industry executives are "adding their voices to pleas for a huge public investment program of up to $1 trillion over two years," the Times reported.

Imports, which account for about 30 percent of all steel sales in the United States, are also hurting as customers disappear, the paper said.

(Reporting by Jim Wolf; editing by Todd Eastham)


http://news.yahoo.com/s/nm/20090102/media_nm/us_steel_usa

[Videomart]

Copper prices jump to three-week high
Chris Kelly | January 03, 2009
Article from: Reuters

US copper futures closed at a 3-week high on the first trading day of the year.

The rally was fuelled by broad-based gains in the London base metals complex and a firmer tone in the price of crude oil.

Copper for March delivery rose US5.10 cents, or 3.6 percent, to end at $US1.4610 a pound on the New York Mercantile Exchange's COMEX division, its highest closing level since December 11.

The session ranged from $US1.3715 to $US1.4850.

The benchmark March contract is up more than 16 per cent from last week's plunge to $US1.2550 - a low dating back to October 2004 on a continuation basis.

Copper extended a two-day rally amid some end-of-quarter index rebalancing that helped drive a 16 per cent rally in London nickel futures and an almost 9 per cent surge in the price of tin.

London Metal Exchange copper for three months delivery ended up $US171 at $US3231 a tonne, after dealing in a session range between $US3025 and $US3265.

Once a year commodity index compilers recalculate the weightings for the individual commodities in their indexes. The re-jigging early this month will fuel volatility and allow traders to make easy profits in the energy, metals, grains and livestock sectors.

Additional upside momentum in the red metal was seen from stronger tone in energy markets, analysts said.

Oil gained more than 3 per cent in response to rising tensions in the Middle East and a dispute between Russia and Ukraine over natural gas supplies.

Copper’s strength bucked grim economic data showing US factory activity drop to a 28-year low in December.

The Institute for Supply Management said its index of national factory activity fell to 32.4 - the lowest since 1980 - from 36.2 in November.

Edward Meir, metals analyst with MF Global, said the gains in copper will likely recede over the course of next week when participants return from holidays and conclude that the macro landscape looks depressingly unchanged from where they left it.

London Metal Exchange-monitored copper warehouse stock levels rose by 775 tonnes, bringing total inventory levels to a near-5-year high at 340,550 tonnes.


http://www.theaustralian.news.com.au/business/story/0,28124,…

[Videomart]

Metals & Minerals
"Many Moly Development Projects Remain Unfinanced; Current Producers To Shine"
CIBC World Markets, November 24, 2008
http://www.mphventurescorp.com/i/pdf/Moly_Initiation_CIBC_No…

(thx eifel!)

[hbg55]

Antwort auf Beitrag Nr.: 36.298.844 von Videomart am 03.01.09 23:11:44

...ths VM - bleibt zu hoffen, daß wir mit beginn der
neuen woche eine stabilisierung auf der preisfront sehen !!!

[Videomart]

[hbg55]

........grad gefunden.......uuuuund evtl. wird der
alte lehrsatz wiederum bestätigt !!!




Traumstart 2009 – Drei Gründe, warum 2009 ein Bullenjahr wird


05.01.2009 - 09:01

Na, wer hätte das gedacht. Inmitten der schönsten Weltuntergangsszenarien starten die Weltbörsen eine Jahresauftaktparty, die sich sehen lassen kann. Verwirrt von seinem Silvesterkater hat der Dax gleich mal ein Plus von vier Prozent hingelegt und kommt damit seit dem Zwischentief im Oktober schon auf eine stattliche Performance von 25 Prozent. Krise ist eben immer auch Chance.

Grund 1: Obama und die EZB
Nun könnte man die Dax-Gewinne auf den Sondereffekt der Abgeltungssteuer zurückführen. Dabei stört aber, dass die anderen Weltbörsen ebenso stark zulegen konnten. Und dass die deutschen Steuerspargelder ausreichen, um die ganze Welt nach oben zu kaufen, scheint dann doch wieder unwahrscheinlich. Also muss wohl eher Messias Obama als Grund für das (vorläufige?) Ende der Börsenmisere herhalten. Sein Amtsantritt kommt zum optimalen Zeitpunkt und allein die Vorfreude auf seine Auftaktgeschenke zur Konjunkturankurbelung lässt mancherlei Sorge vergessen. Im Anschluss daran wollen auch unsere – nicht ganz so euphorisch bejubelten - Polit-Größen ihre nächsten Maßnahmen ankündigen, sodass also auch hierzulande noch mal frischer Schwung aufkommen kann. Und dann ist da ja auch noch die EZB, die ganz im Gegensatz zu den Amerikanern, immer noch Zinsluft nach unten hat.

Grund 2: Börse handelt Zukunft
Die Vorzeichen für das Börsenjahr 2009 sind also gar nicht so übel. Zumindest für Börse und Aktienkurse, denen ein Anstieg der Arbeitslosenzahlen ja tendenziell nicht schadet. Mut machen dabei auch die von den Medien derzeit nur nebenbei kommentierten Nebensätze der Wirtschaftsprognostiker, die sich momentan ja eigentlich gegenseitig mit Negativ-Zahlen unterbieten. Ungeachtet der Rezessionsprognosen wird da nämlich an vielen Stellen schon relativ zeitnah ein Wendepunkt ausgemacht. Optimistischere Schätzungen sehen diesen bereits im zweiten Halbjahr, negativere Prognosen reichen bis 2010. Aber selbst das ist nicht so weit weg, als dass die Börse dies nicht in absehbarer Zeit schon einplanen könnte. Schließlich wird an der Börse Zukunft gehandelt – und die sieht wohl in jedem Fall besser aus, als die Gegenwart.

Grund 3: Es herrscht Pessimismus
Die dieser Tage allgegenwärtigen Börsenprognosen der Analysten lassen dies allerdings kaum erkennen. In einer Zusammenstellung des Handelsblatts zu den Zielmarken deutscher Banken erwarten mehr als die Hälfte der befragten Analysten, dass der Dax im Jahresverlauf noch einmal unter 4000 Punkte zurückfällt. Per Jahresultimo wird im Schnitt ein Anstieg auf 5230 Zähler erwartet. Nicht eben viel, wenn man bedenkt, dass die Hälfte der daraus ableitbaren Zielperformance schon am ersten Handelstag eingefahren wurde. Damit ist das Jahr aus Analystensicht also fast schon gelaufen und nur einige wenige Häuser dürften somit – Stand heute – noch zum Einstieg blasen. Die Deka Bank zum Beispiel, die mit einem Dax-Ziel von 6500 Punkten schon den Oberbullen gibt.
Rund die Hälfte der befragten Analysten ist indes schon jetzt raus aus dem Topf und müsste sich bei Jahresendprognosen zwischen 3600 und 5200 Punkten mit Aktienkäufen zurückhalten. Auf deren Gelder können Börsenoptimisten dann im zweiten Halbjahr hoffen, wenn die Banken merken, dass sie den Anschluss verpasst haben und sie sich dann schnell noch an den fahrenden Zug anhängen müssen. Bis dahin wird aber der pessimistische Grundton in der öffentlichen Wahrnehmung anhalten, was nicht zuletzt darauf zurückzuführen ist, dass in den Medien weiter auf Weltuntergang gesetzt werden dürfte. Hierbei ist aber zu bedenken, dass in den Medien derzeit die gleiche Panik umgeht, wie in Banken. Wegbrechende Werbeumsätze sorgen für Job- und Existenzängste, was sich dann wiederum in der Berichterstattung widerspiegelt, sodass die Lage tendenziell schlechter gezeichnet wird, als sie ist.

Soweit die tröstende Interpretation für all jene, die Ende 2008 ihr Abgeltungssteuervermeidungs-Geld in den Markt geschüttet haben. Für alle anderen, ergibt das Grundmuster der Bankenschätzungen natürlich andere Implikationen. Umgemünzt auf Zertifikate wären das die folgenden:

Bloß keine Bonuszertifikate, weil es noch einmal ordentlich nach unten geht.
Es wird ein Discountjahr, weil nach oben ohnehin nicht viel geht.
Kurzfristige Rallyes gehören gehebelt, wobei dann aber der Ausstieg nicht verpasst werden darf.

Ralf Andreß

[maccy1]

Molybdän - Aussichten für 2009
22.10.2008 | 9:30 Uhr | Rainer Hahn (EMFIS)
RTE Stuttgart - (www.rohstoffe-go.de) - Nach Ansichten mehrerer Analysten dürfte sich Molybdän in 2009 besser behaupten als andere Industriemetalle. Molybdän wird hauptsächlich zur Erzeugung von hochfesten Metalllegierungen verbraucht und findet auch in der Ölverarbeitung als Katalysator zur Schwefelentfernung Verwendung. Auch in elektronischen Bauteilen ist Molybdän zu finden.

Das Angebot bleibe knapp und die Nachfrage steige weiter trotz der internationalen Finanzkrise, heißt es. Der Stahl- und Ölbedarf dürfte zwar bei einer Abschwächung der Wirtschaft zurückgehen, andererseits werde die Nachfrage weiter das Angebot übersteigen. Die jährlich produzierten 400 Millionen lbs des Metalls werden größtenteils verbraucht. Es wird mit einer Steigerung des Bedarfs um 5 bis 7 Prozent gerechnet. Bedingt durch die gegenwärtigen Turbulenzen könnte allerdings der Zuwachs eher am Ende der genannten Spanne bleiben oder sogar auf 4 Prozent sinken, stellt der Bergbauspezialist Stefan Ioannou von Haywood Securities fest. Auf jeden Fall wird es eine positive Entwicklung geben, meint er.

Ein weiteres Indiz dafür, dass die Finanzkrise das Angebotswachstum im gesamten Metallbereich einschließlich Molybdän begrenzen könnte, wird von Bart Melek von BMO Capital Markets in der für die Produzenten schwierigeren Beschaffung von Betriebskapital gesehen, um geplante Vorhaben zu finanzieren. Die Hauptmenge des Molybdäns wird als Nebenprodukt bei der Kupferherstellung gewonnen. Im Kupferbergbau muss inzwischen aus tieferen Erzschichten mit entsprechend größerem technischem und finanziellem Aufwand gefördert werden, so dass die Angebotsaussichten gedämpft werden. Der Preis für Molybdän bewege sich immer noch deutlich über der Rentabilitässchwelle der Minen.

Zusätzlich könnte Molybdän unter Preisdruck geraten, wenn die Nachfrage aus China zurückgeht und die Handelshäuser und Verarbeiter ihre Lagervorräte aufbrauchen, um in der Finanzkrise ihre Barmittel zu schonen. Catherine Virga von CPM Group verweist allerdings darauf, dass die Lagerbestände zur Zeit niedrig sind und deshalb die Nachfrage weiter das Angebot übersteigen werde. Molybdän werde sich im Vergleich zu anderen Industriemetallen stärker im Preis behaupten. Phil Newman von CRY Strategies sieht Molybdän sogar als "potenziellen Star".

http://www.rohstoff-welt.de/news/artikel.php?sid=9889

[Videomart]

Antwort auf Beitrag Nr.: 36.305.761 von maccy1 am 05.01.09 14:59:30

Als dieser Artikel verfasst wurde, lag der Molypreis noch bei rund 25US$/lb. Niemand konnte damals ahnen, daß er danach innerhalb weniger Tage um weitere 70% auf nur noch 9US$/lb einbrechen würde.
Der Artikel ist durch diese Tatsache leider nur noch bedingt aussgefähig.
Wichtig ist allein, daß der Preis mittelfristig wieder anzieht...

[maccy1]

Antwort auf Beitrag Nr.: 36.306.741 von Videomart am 05.01.09 16:28:42

ich sehe das ein wenig anders....dadurch (durch den noch viel niedrigeren MOLY Preis) wird das doch noch verschärft! Die sahen damals schon günstige Kaufkurse, jetzt sind das Schnäppchenpreise...bei Mercator sehe ich ganz lockere 500% - 1000%Gewinnpotenzial...mein KZ liegt bei 3€ bis Ende 2009! Die Aktie ist dermaßen unterbewertet...ich hab auf jeden Fall rechtzeitig günstig gekauft und werde ab 2€ das erste mal über ein Teilverkauf nachdenken!

[Videomart]

RBC Capital Markets brauchen offenbar Geld, Verkauf von 100k,
wird aber dankbar aufgenommen in kleineren Häppchen...

[derogher]

zur info...

Mercator Minerals Ships First Copper Concentrates at Its Mineral Park Mine

* Monday January 5, 2009, 10:29 am EST



TRADING SYMBOL: TSX - ML
VANCOUVER, Jan. 5 /CNW/ - Mercator Minerals Ltd. ("Mercator") is pleased to announce that it has commenced shipping copper concentrates from its newly expanded Mineral Park Mine in Arizona, less than two years from completion of its December 29, 2006 Technical Report.

The commencement of concentrate shipments from the Mineral Park copper-molybdenum milling facility marks the completion of the construction/development phase of the project and the operations team will now focus on ramping up production to design levels. In accordance with the copper off take agreement that Mercator has with MRI Trading AG of Zug, Switzerland, the concentrates are being trucked into Mexico and delivered to the Port of Guyamas. Provisional payments are due four days after delivery of each 1,000 lot to the Port of Guyamas.

Mike Surratt, President & CEO comments, "With the successful start-up of the copper-molybdenum mill facility and the first shipment of copper concentrates, Mercator has completed the development of the first phase of its expanded Mineral Park Mine. We are now focused on maximizing the operational efficiency of the process plant." Surratt concludes, "We are very pleased with the way this major project has been developed, despite the many challenges that faced the industry during the last few months, in such a short period of time. An outstanding management team, supported by a strong group of contractors and sub-contractors, has brought this major construction project to a successful conclusion with the commencement of copper and molybdenum production."

Additionally, the Company reports that it has made the December 31 interest payment on the Secured Notes issued in 2007, on time and as required.

Mercator Minerals Ltd.

Mercator Minerals is a TSX listed mining company with only 74.8 million shares issued and an experienced management team that has brought one of the largest and most modern mining projects in North America to production in less than 2 years. Mercator management is dedicated to maximizing profits by making its Mineral Park Mine one of the lowest cost operations in the industry.

http://finance.yahoo.com/news/Mercator-Minerals-Ships-First-…

[Martin12345]

Antwort auf Beitrag Nr.: 36.307.283 von maccy1 am 05.01.09 17:21:52

Hier geht alles verdammt schnell.

Ich war vor einer Woche noch 50% hinten und bin jetzt wieder auf 0.
Bei einem Rücksetzer würde ich nochmals aufstocken. Derzeit ist es mir zu riskant, da diese Aktie für mich unberechenbar ist.

Grüße
Martin

[Videomart]

0.72 Cad, 92.000 Stück 12:32:12 CIBC World Markets Inc.

CIBC stehen offenbar zu ihrer Empfehlung...

[maccy1]

Antwort auf Beitrag Nr.: 36.307.722 von Martin12345 am 05.01.09 18:11:23

es wurde auch mal zeit,das etwas passiert! wenn man bedenkt von wo die aktie kommt ist noch richtig luft nach oben! Denke es wird noch nen paar tage dauern bis die ersten gewinnmitnahmen einsetzen...mein KZ für morgen liegt je nach gesamtmarkt (der heute zugegebenermaßen fast irrelevant war) bei 1 CAD $!

Dazu heuten och die sehr gute news...alte kurse werden wir wahrs. nicht mehr sehen (bereich 10 CAD $) aber diese aktuellen kurse sind eine krasse übertreibung nach unten!

Auf zur ersten Hürde -> 1CAD $

[Videomart]

Strong close!!

[Videomart]

Um 21:56 noch einmal 100k, Käufer TD Securities, zu Kursen über 80 Cents...

[Videomart]

Antwort auf Beitrag Nr.: 36.310.158 von maccy1 am 05.01.09 22:10:35

wenn man bedenkt von wo die aktie kommt ist noch richtig luft nach oben

So ist es!
Mal sehen, wie weit Mercator aufholen kann...

[neuflostein]

Wenn Kupfer (und Moly) sich weiter erholen oder wenigstens stabil bleiben, dann geht es mit ML weiter steil bergauf.

Ich glaube aber, dass Kupfer noch Luft nach unten hat, leider....

Nun ja, ich freue mich für meine kleine, verbliebene ML-Zockposition und hoffe auf eine dauerhafte Erholung.

[Videomart]

[Martin12345]

Das Volumen bei Mercator liegt bereits nach einer Stunde über einer Million.
Derzeit sieht es nach einem Machtkampf zwischen den Bullen und Bären aus. Wo geht die Reise hin?

Grüße
Martin

[Videomart]

Antwort auf Beitrag Nr.: 36.316.255 von Martin12345 am 06.01.09 16:52:11

Keine Ahnung, was hier los ist!!!
Goldman Sachs Canada Inc. hat alleine in den letzten 30 Minuten
80k zum Kurs von 0,99 CAD gekauft!!

[Videomart]

RE-EXPORT REQUIREMENT
China drops taxes on copper, cobalt and nickel concentrate imports

China will allow tax-free imports of copper, nickel and cobalt concentrate from Feb. 1, as long as the finished products are re-exported, and will also allow duty-free exports of refined copper, unwrought nickel and semi-finished aluminium products.
Posted: Monday , 05 Jan 2009

HONG KONG (Reuters) -

China will allow tax-free imports of copper, nickel and cobalt concentrate from Feb. 1, as long as the finished products are re-exported, a statement on the Ministry of Commerce's website (www.mofcom.gov.cn) said, reversing a two-year old policy of taxing these flows.

China will allow duty-free exports of refined copper, unwrought nickel, semi-finished aluminium products such as profiles, rods, bars and billets, and cobalt powder.

The move could increase China's exports of copper and nickel and imports of primary aluminium, traders said.

The policy will allow smelters such as Jiangxi Copper (0358.HK)(600362.SS) to import concentrates duty-free as long as they export the finished product.

Copper concentrate imports are currently subject to a 17 percent value-added tax, and exports of refined copper are taxed at 10 percent.

Pan Qifang, Jiangxi Copper's spokesman, said the policy would allow the firm to hedge imports of concentrate on the London Metal Exchange and to export refined copper if LME prices were higher than domestic market.

"The gap between LME and domestic prices would be narrowing," Pan told Reuters.

The duty-free policy would also reduce the cost of financing imports, which may boost small smelters' operations, he added.

The policy on exports of semi-finished aluminium products could increase imports of primary aluminium ingots for the manufacturing of such duty-free exports, traders and smelter officials said.

Exports of such products are also expected to rise.

"Fabricating plants will have another channel to sell their products," a trading manager at one large smelter said.

China is the world's top copper and aluminium consumer. (Reporting by Polly Yam; Editing by Michael Urquhart)


http://www.mineweb.co.za/mineweb/view/mineweb/en/page36?oid=…

[neuflostein]

Ich hoffe, dass ML die Gelegenheit nutzt und einen Teil der 2009 Kupfer Produktion bei $1,50 hedgt. Das würde ihr Ueberleben bei wieder sinkenden Kupferpreisen sichern helfen.

[Videomart]

Copper leaps over 7% ahead of index re-jig
By: Reuters
Published on 6th January 2009

LONDON - Copper jumped more than 7% on Tuesday on buying ahead of an annual re-rating by major commodity indices, but the rally is expected to be short-lived as demand concerns remain.

The Dow Jones AIG annually recalculates the weightings for the individual commodities in its index and is set to raise the weighting for copper traded on the New York Mercantile Exchange's COMEX division. The rebalancing takes place from January 9 to 15.

"The arbitrage effect means that COMEX rallying significantly will also drag up (LME) copper," Leon Westgate, an analyst at Standard Bank, said. He added the reweighting impact will likely be temporary and he expects prices to come under pressure by the middle of January.

Three-month copper on the London Metal Exchange rose as much as 7,2% to $3 420/t, the highest level since December 4. It traded at $3 385/t at 11:01 GMT.

Copper for March delivery on COMEX is up over 16% from its December 26 session trough.

However, the weak outlook for global demand means metal prices are unlikely to hold on to any gains.

Mitsubishi Materials Corp said it won a roughly 70% hike in copper processing fees from Freeport-McMoran Copper & Gold, in what is believed to be the first fee rise won by a Japanese copper smelter for 2009.

"The smelters are cutting back and we are seeing capacity relative to availability of concentrates has fallen so TC/RCs are popping up a bit," Westgate said. "This reflects the underlying demand concerns of the wider market."

Copper prices fell more than 50% in 2008 due to weakening global demand and rising inventories. Stocks in LME warehouses rose 1 450 t to 343 500, the highest level since February 2004.

"I don't think we'll see the start of a sustained recovery in prices until we see signs that the global economy is really on the path to recovery," Yingxi Yu, analyst at Barclays Capital in Singapore, said.

All the industrial metals were up, with aluminium rising as high as $1 605/t from $1 548 even as inventories continued to climb.

Aluminium stocks rose 11 875 t to 2,35-million tons, the highest in over 14 years.

INDEX RE-WEIGHTING

Nickel and zinc were lifted by the re-weighting of the major commodity indices.

The Dow Jones rebalancing will take place from January 9 to 15 and will be based on January 8 closing prices. The reweighting of the S&P GSCI will occur from January 8 to 14 and will be based on closing prices on January 7.

Nickel rose as high as $13 449/t from $12 850 and last traded at $13 315.

Zinc was at $1 310,25 from $1 300. It earlier hit $1 335/t, the highest price since October 15.

Lead was boosted by short covering, rising to $1 153 from $1 120.

Tin rose to $11 725 from 11 500/t.

Editor: Reuters


http://www.miningweekly.com/article.php?a_id=150220

[maccy1]

Antwort auf Beitrag Nr.: 36.321.913 von Videomart am 07.01.09 10:37:05

also kriegen wir bald wieder nachkaufkurse?

[Videomart]

Antwort auf Beitrag Nr.: 36.322.338 von maccy1 am 07.01.09 11:27:19

Sieht fast so aus...


Copper up as China increases import tax
January 2, 2009 - 9:28AM


Copper prices bounded higher by almost 3 per cent on Wednesday after China raised the value added tax on a range of metal ore imports, but metals across the board were poised for their largest annual falls on record.

China said it would increase the value added tax to 17 per cent from 13 per cent on a range of imported ores and concentrates on January 1, a move analysts said aims to stabilise domestic metal prices.

But traders and analysts warned that new lows could loom for base metals in 2009 as the complex heads for unprecedented losses this year.

"The VAT issue is helpful but there are bigger issues that will come to the fore, such as the magnitude of the demand slowdown within China," said Nick Moore, a commodity strategist at RBS Global Banking & Markets.

China is one of the world's top consumers of copper for its burgeoning industries.

Steve Platt of Archer Financial Services in Chicago said demand would be uppermost in the minds of market participants as they ponder whether a recovery is in the cards for 2009.

Frank McGhee of Integrated Brokerage Services said any sign of an economic pick-up would naturally provide a spark for a short-covering pop in copper.

Copper for three-months delivery on the London Metal Exchange rose 2.6 per cent to a high of $2,986. It was at $2,930 in ring trading, against $2,910 at the close on Tuesday.

The March copper contract on the New York Mercantile Exchange's COMEX division rose 8.95 cents to finish at $1.41 a lb, having traded from $1.314 to $1.4145.

Commodities from oil to copper looked set to close out the year on a flat note, as investors looked to fiscal stimulus and an economic recovery to put a floor under their huge collapses in prices.

GLOOMY OUTLOOK

Copper struck a record high of $8,940 a tonne, while aluminium hit $3,380 a tonne, in July, before a global financial crisis deflated demand, punishing prices as a result.

"Prices are expected to stay weak in the first half next year and are likely to recover a bit in the second half, as copper supply is always relatively tighter than other base metals," said analyst Judy Zhu at Standard Chartered Bank.

LME copper stockpiles rose 2,425 tonnes to a nearly five-year high of 339,775 tonnes, while aluminium inventories grew 26,875 tonnes to 2.33 million tonnes, their highest since September 1994.

"The inventories weren't helpful and people are already looking more towards the new year and what fresh horrors are going to be unleashed onto the markets," said Moore.

Weakening demand has caused inventories to balloon, piling the pressure on metal values.

"The biggest headache isn't so much when will demand turn around but how long will it take to erode the inventory mountain," Moore said.

Aluminium was set to end the year as the best performing metal on the LME, despite soaring inventories that have pushed prices down 37.6 per cent.

Three-month aluminium traded at $1,499 a tonne, up from $1,495 on Tuesday.

"The market seems to have shrugged off yet another substantial increase in LME stocks overnight," said MF Global in a research note. "We expect the selling to resume in earnest next week when most players are back."

Lead, the worst performing industrial metal, dropped 63.8 per cent this year. It traded at $925 a tonne, down from the last bid of $954 on Tuesday.

Nickel was bid at $10,900 a tonne, up from $10,710, zinc climbed to $1,155 from $1,150 and tin was at $10,100, up from $10,000.


http://news.theage.com.au/business/copper-up-as-china-increa…

[Videomart]

BASE METALS:
Short Covering Rally Ends For NY Copper Futures
Wed, Jan 7 2009, 19:00 GMT

By Matt Whittaker
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Copper futures gave back a sizeable chunk of recent gains Wednesday as participants returned their focus to bearish fundamentals, booked profits and ended the metal's short covering rally.

March copper fell 7.15 cents, or more than 4.5%, to settle at $1.5115 a pound on the Comex division of the New York Mercantile Exchange.

"The recent rally is just a bounce within an ongoing bear market," said Bill O'Neill, a principal with LOGIC Advisors.

After a "big run-up" on speculative short covering recently, "the (copper) market has run into some new selling," O'Neill said.

Thin trading conditions may have magnified the red metal's move, a trader said.

Economic data continue to look dismal, with private sector jobs falling 693,000 in the U.S, according to an employment report published by payroll giant ADP and consultancy Macroeconomic Advisers.

That is far more the 515,000 loss forecast in a Dow Jones Newswires survey and suggests big losses in Friday's nonfarm payrolls report from the Bureau of Labor Statistics.

Further, warehouse inventories continue to rise.

"Now we've returned to reality, and the fact is that the economy is in trouble," says Frank Lesh, broker and futures analyst with FuturePath Trading. "Stocks are built up incredibly. There's a lot of product out there, and demand is still weak."

Inventories of copper stored in London Metal Exchange warehouses rose 7,825 metric tons Wednesday, leaving them at 351,325. The most recent Comex inventory data, released late Tuesday, were up 21 short tons at 34,600 short tons.

"Overall, it's still pretty bleak out there," another trader said.

Copper settlements (ranges include electronic and pit trading):
March $1.5115; down 7.15 cents; Range $1.5020-$1.6225
May $1.5245; down 7.15 cents; Range $1.5165-$1.6350

-By Matt Whittaker, Dow Jones Newswires; 201-938-5959; [e-mail]

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId…

[Extrabreit]

nach dem Anstieg von 0,4 auf 0,9 CAN$ war der gestrige Rückfall auf 0,71 eine gesunde Reaktion.

im letzten Quartal war es meistens so, dass nach einer technischen Erholung prompt ein neues Tief kam.

sollte ML heute so wie es aktuell aussieht wieder weiter ansteigen,
sehe ich kurzfristig die weiteren Aussichten zumindest charttechnisch sehr positiv.


stay long

[neuflostein]

Bin auch positiv überrascht, hätte heute mit einem weiteren Rücksetzer auf 50-60 cent gerechnet.

Nun ja, Knackpunkt bleiben die Metallpreise....

[Videomart]

Mercator Minerals lets hostile Tyler bid expire
Wed Jan 9, 2008 1:54pm GMT

OTTAWA, Jan 9 (Reuters) - Mercator Minerals Ltd (ML.TO) has allowed its hostile bid for Tyler Resources Inc TYS.V to expire and the copper producer said on Wednesday it will not acquire any Tyler shares linked to its offer, worth about C$132.7 million.

Mercator said its bid, of 0.113 of a Mercator share for each Tyler share, expired at 8 p.m. (2400 GMT) on Jan. 8.

Tyler, a junior base metals explorer, rejected the offer in November, saying it undervalued the company. Tyler's main asset is a copper-zinc-molybdenum project in western Mexico.

Mercator, a copper producer listed in Toronto and based in Arizona, said Tyler's board nixed the bid without due consideration.

Shares in Mercator last traded at C$9.62 on the Toronto Stock Exchange on Tuesday while Tyler closed at C$1.55 on the TSX Venture Exchange.

($1=$1.00 Canadian) (Reporting by Susan Taylor; Editing by Scott Anderson)

http://uk.reuters.com/article/rbssIndustryMaterialsUtilities…

[Extrabreit]

Antwort auf Beitrag Nr.: 36.336.057 von Videomart am 08.01.09 20:41:58

die Meldung ist schon etwas älter

March 11, 2008:
Canada Jinchuan Resources Ltd. Completes Acquisition of Tyler Resources Inc.

[Videomart]

Antwort auf Beitrag Nr.: 36.336.242 von Extrabreit am 08.01.09 21:01:52

Sorry, hab's auch gerade bemerkt!...
Das sind die typischen Fehler zum Jahreswechsel

[Martin12345]

Mercator auf Tageshoch. Ich habe auf einen Rücksetzer gehofft. Schaut so aus als würde dieser nicht kommen.

Grüße
Martin

[Videomart]

Aber das hier ist aktuell:

[Videomart]

Antwort auf Beitrag Nr.: 36.336.913 von Martin12345 am 08.01.09 22:07:35

Aber das Teil war doch auf 30 Cents gefallen im Dezember.
Warum hast Du da nicht zugeschlagen??

[Videomart]

Codelco Expects $1 Billion From Chile in Copper Slump (Update2)

By Heather Walsh

Jan. 6 (Bloomberg) -- Codelco, the world’s largest copper producer by annual output, expects to receive $1 billion from the Chilean government and may sell debt to pay for expansion amid declining demand for the metal.

The cash from the government, and borrowing from banks or bondholders, would help the state-owned producer invest almost $2 billion in 2009, Chief Executive Officer Jose Pablo Arellano said today at a press conference. Codelco is preparing for a recovery in metal prices with the investment, he said.

“These are fundamental plans for future development,” he said in Santiago.

Codelco needs cash to finance spending after copper dropped 54 percent in 2008, slashing revenue. A slowdown in global demand for commodities and a credit freeze has led competitors such as Freeport-McMoRan Copper & Gold Inc. and BHP Billiton Ltd. to delay projects and pare investments.

“Companies that have taken advantage of this period to boost capacity will be the first to benefit when the cycle changes,” Pablo Correa, an analyst at Banco Santander Chile SA, said in a telephone interview today from Santiago.

Maintaining spending at Codelco is part of Chilean President Michelle Bachelet’s $4 billion plan to spur economic growth, tapping funds from copper proceeds built up when prices for the metal reached record highs last year.

Chilean Spending

Chile is among the nations that can afford to increase spending as the global economy flags, Chilean Finance Minister Andres Velasco said today. The country put aside $28 billion from surging copper revenue as the metal’s price more than quadrupled in the six years through 2007.

Prices have dropped as global economic growth slows to 0.9 percent this year from 2.5 percent in 2008, according to the World Bank.

Demand for commodities will stay weak at least through the first half of the year, said David Duarte, an analyst in New York at 4Cast Inc.

Even spending part of its copper windfall may not enable the Chilean economy to meet the government’s estimate for growth of as much as 3 percent this year, Duarte said. Chile’s economy expanded 0.1 percent in November.

“The fiscal stimulus will help,” he said in a telephone interview. “We don’t know how much.”

Unlike some exporters such as oil-producers Venezuela and Ecuador, Chile’s government ties its budget spending to the long-term outlook for commodities to guard against price swings.

Price Swings

Chile last year fixed spending as if copper traded at $1.37 a pound, even as the metal reached a record of $4.2605 a pound in May. Prices have since slumped 63 percent.

Copper futures for March delivery rose 12.4 cents, or 8.5 percent, to $1.583 a pound on the Comex division of the New York Mercantile Exchange today.

The market for the metal will remain “volatile,” Arellano said today. Codelco is developing projects to reduce costs as lower prices cut both profit and the company’s contributions to government revenue, he said. Codelco handed over $4.86 billion to the government in the first nine months of 2008.

Since 2007, the government has allowed Codelco to hold onto $1.2 billion of profit to help fund spending in addition to the new funding, according to a company statement distributed today.

Velasco said he expects Congress to approve the $1 billion for Codelco, which will be included in a bill that would add more directors with management experience at the company. The bill would eliminate a board seat now held by the Chilean military, which receives 10 percent of the company’s revenue.

Phoenix-based Freeport’s output surpassed Codelco’s production in the third quarter of last year, according to data on the companies’ Web sites. Codelco is the world’s largest copper miner by 2007 production.


http://www.bloomberg.com/apps/news?pid=20601110&sid=aqB7oNkD…

[Videomart]

Nachfolgend ein interessantes Interview mit Jack Lifton, unter anderem über die Notwendigkeit, trotz der weltweit hohen Lagerbestände weiter Kupfer zu fördern:

"Jack Lifton: The Age of Technology Metals"
Source: The Gold Report 01/06/2009
http://www.gold-speculator.com/gold-report/4685-jack-lifton-…

[Martin12345]

Antwort auf Beitrag Nr.: 36.337.085 von Videomart am 08.01.09 22:29:08

Ich habe sogar bei 0,23 € gekauft und leider bei 2€

Grüße
Martin

[neuflostein]

Mercator arranges $15.0-million bought-deal financing

2009-01-09 08:23 ET - News Release

Mr. Michael Surratt reports

MERCATOR ANNOUNCES $15.0 MILLION BOUGHT DEAL FINANCING

Mercator Minerals Ltd. has entered into an agreement with a syndicate of underwriters, led by Blackmont Capital Inc., whereby the underwriters have agreed to purchase, on a bought-deal basis, 21,428,600 units of the company at a purchase price of 70 cents per unit for total gross proceeds of $15.0-million. In addition, the company has granted the underwriters an option to purchase up to an additional 15 per cent of the units at the issue price, exercisable within 30 days after closing of the offering for additional gross proceeds of up to $2.25-million.

Net proceeds of the issue will be used for capital expenditures at the company's Mineral Park mine, and for general corporate and working capital purposes.

This public offering in Canada will be made by way of short-form prospectus.

The offering is scheduled to close on or about Jan. 29, 2009, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities. This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction.

We seek Safe Harbor.

[neuflostein]

Es treibt einem Tränen in die Augen, wenn man daran denkt, dass ML ncoh vor kurzer Zeit läppische 2 Millionen shares für den gleichen Betrag hätte herausgeben müssen...

30% Dilution, zum Kotzen....

[Videomart]

Sprott Molybdenum Participation Corporation Announces Intention to Distribute Substantially All Assets

TORONTO, Jan. 9 /CNW/ - (TSX: MLY, MLY.WT) - Further to its press release
of December 10, 2008, Sprott Molybdenum Participation Corporation (the
"Corporation") announces that, in view of the unfavourable outlook for the
price of molybdenum and for issuers involved in the production and sale of
molybdenum, its board of directors has determined that a distribution to
shareholders of all or substantially all of the assets of the Corporation
would be in the best interests of the Corporation and its shareholders at this
time. The details on timing and specific execution steps are currently under
consideration and will be announced at a future date.
Net asset value of the Corporation on January 7, 2009 was $1.75 per share
of which $1.51 per share was held in cash and short term securities, net of
liabilities. At this point, the Corporation does not expect to make any
additional portfolio investments or purchases of molybdenum and plans to
liquidate its existing portfolio investments in an orderly manner, subject to
market conditions.


About Sprott Molybdenum Participation Corporation
-------------------------------------------------

The Corporation is an investment holding company created with the goal of
achieving capital appreciation by investing in securities of private and
public companies that explore for, mine and/or process molybdenum and by
investing in, holding, selling and otherwise transacting in all commercial
forms of molybdenum.

For further information: please contact Investor Services at
1-888-362-7172.

http://www.newswire.ca/en/releases/archive/January2009/09/c6…

[MFC500]

Antwort auf Beitrag Nr.: 36.342.450 von neuflostein am 09.01.09 15:57:41

Ist die Meldung vollständig (die Quellenangabe fehlt)? Hier ist von "units" die Rede (nicht shares), es wird aber nichts über die Zusammensetzung derselben verlautbart.

[HGDM]

Tolle Aktie

[neuflostein]

Antwort auf Beitrag Nr.: 36.343.392 von MFC500 am 09.01.09 17:09:34

Hallo MCF,
ich bin jetzt mal davon ausgegangen, dass es sich um neue Aktien handelt, die equivalent zu den alten sind. Habe die Meldung aus Stockhouse übernommen. Ist aber schon nicht mehr aktuell, leider sinds noch mehr neue shares geworden! Jetzt wird auch klar, was eine Unit ist:

Mercator Minerals increases bought deal to $20-million

2009-01-09 10:32 ET - News Release

Mr. Michael Surratt reports

MERCATOR ANNOUNCES BOUGHT DEAL UPSIZED TO $20.0 MILLION

Mercator Minerals Ltd., in response to strong investor demand, has upsized its previously proposed bought deal of $15,000,020 (21,428,600 units) to $20,000,050 (28,571,500 units). Each unit comprises one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the company at an exercise price of $1 for a period of four years following closing. In addition, the company has granted the underwriters an option to purchase up to an additional 15 per cent of the units at the issue price (70 cents per unit) exercisable within 30 days after closing of the offering for additional gross proceeds of up to $3-million. The offering is led by Blackmont Capital Inc.

Net proceeds of the issue will be used for capital expenditures at the company's Mineral Park mine, and for general corporate and working capital purposes.

This public offering in Canada will be made by way of short-form prospectus.

The offering is scheduled to close on or about Jan. 29, 2009, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities.

[Videomart]

Größtes Volumen überhaupt:
6 Millionen Shares innerhalb von 3 Stunden gehandelt...

[Trockentrader]

Antwort auf Beitrag Nr.: 36.342.480 von neuflostein am 09.01.09 15:59:31

Das hast Du treffend ausgedrückt.

Dazu gibts die Möglichkeit nochmal 4.285.725 shares zu 0,70 CAD binnen 30 Tagen
und 14.285.750 shares zu 1 CAD binnen vier Jahren zu bekommen.

In den warrants scheint mir die Möglichkeit weiterer KE eingepreist zu sein.

[Videomart]

kann man so oder so sehen:

$17 MILLIONS FINANCING is FANTASTIC NEWS
ivanyee1948,21/9/2009 10:07:36 AM
COPPER prices have BOTTOMED at $1.19 lb late last year. With OBAMA's + CHINA's HUGE INFRASTRUCTURE recovery build outs, COPPER prices will head back to $2 bucks. It was critical that ML get some MONIES to tide them through as the INFRASTRUCTURE STIMULUSES increase demand for COPPER + MOLY. ML is out of DANGER now + will RALLY UP. Being able to Raise CAPITAL now is a SIGN of CONFIDENCE in ML plus notice that it was a pre-bought DEAL.

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=ML…

[MFC500]

09.01.09

Sprott Asset Management Inc. (the “Offeror”):

As at December 31, 2008, there is a net decrease of 7,782,400 in the holdings of Common Shares (the “Common Shares”) of Mercator Minerals Ltd. (the “Issuer”). This has resulted in a net decrease of 10.4% in the Offeror’s securityholdings.

As at December 31, 2008, the Offeror exercises control or direction, on behalf of accounts fully managed by it, over 74,800 Common Shares of the Issuer. Based on the number of currently issued and outstanding Common Shares (as reported by the Issuer), the Offeror exercises control or direction over 0.1% of the issued and outstanding Common Shares.

Quelle: SEDAR.com

Von dieser Seite wird es also keinen Verkaufsdruck mehr geben

[neuflostein]

Antwort auf Beitrag Nr.: 36.346.147 von Trockentrader am 09.01.09 22:12:47

Naja, immerhin sind jetzt die Überlebenschancen höher. Ohne das Geld wäre ML bei der nächsten Zinszahlung bankrott, oder hätte zumindest die Phase II Expansion nicht beenden können.

Aber vielleicht hat das Management jetzt was draus gelernt und die kleine Erholung des Kupferpreises zum hedgen genutzt. Könnte mir vorstellen, dass die Investoren des bought deals ein gewisses hedging verlangt haben. Kupfer hat seinen Boden noch nicht gefunden und wenn es unter $1/lb fällt, dann helfen auch die 20Millionen nichts...

Was ist eigentlich mit dem Geld aus dem Vorwärtsverkauf des Silbers an Wheaton? Hat ML das schon erhalten, bzw. ausgegeben/verplant oder kommt das noch? Kann mich nicht mehr erinnern.

[Videomart]

Antwort auf Beitrag Nr.: 36.348.548 von neuflostein am 10.01.09 17:45:16

Kupfer hat seinen Boden noch nicht gefunden

Wie begründest Du diese Ansicht?

[neuflostein]

Antwort auf Beitrag Nr.: 36.348.679 von Videomart am 10.01.09 18:32:47

Kupfer hat von 1998 bis 2003 weit unter $1/lb gekostet. Damals war die wirtschaftliche Lage deutlich besser als sie es 2009/2010 sein wird. Niemand bekommt derzeit noch Geld für kostenintensive Investitionen, z.B. Kraftwerksbau , Flugzeuge, Schiffe etc...

Seit 2003 ist einiges an Kupferproduktion dazugekommen, viele der neuen, kleineren Produzenten (z.B. Equinox) können ihre Produktion gar nicht herunterfahren. Mercator ja auch nicht.

Kupfer gibt es bald wieder für unter einem Dollar. Viele Juniors werden pleite gehen. Time will tell...

[Videomart]

Zu diesem Thema einige Gedanken aus dem "stockhouse"-board:



Copper Stockpiles/Mercator
Zack16-1/10/2009 3:37:43 PM

"Metals such as copper and nickel are sensitive to the direction of the global economy, and prices tend to track global industrial demand. As much as 70% of the world’s nickel output goes into making stainless or other steel alloys. China accounted for two-thirds of global growth in steel production over the past 10-years, to become four times the size of the US steel industry, peaking at 500-tons per year. China now accounts for more than 60% of the global demand for nickel.

So when Chinese steel production plummeted to 35.2-million tons in November, or 12% lower than a year earlier, the price of nickel tumbled to below $10,000 /ton. ArcelorMittal, the world’s biggest steel-mill, slashed its output by 35-percent. Other rivals - Corus Steel (India), Nippon Steel (Japan), Severstal (Russia), BaoSteel (China) and Voest-Alpine (Austria), have taken similar measures. American steel production plunged 50% since September to 1-million tons a week from 2.1 million tons in August. Likewise, the global composite steel price fell 40% to $676 a ton.

Elsewhere in the industrial sector, copper was particularly hard hit, tumbling from a record $8,940 /ton in July, to a four-year low of $2,650, as Wall Street bankers tightened credit and pushed the world economy into recession. Copper prices have tumbled amid indications that China’s vast manufacturing sector, which functions as the cheap labor workshop of the globe, suddenly went into free-fall, when European, Japanese, and North American demand for its exports collapsed.

The Chinese Purchasing Manager’s Index (PMI), which measures the activity of major Chinese companies, plunged to a record low of 40.9 in November. But there were glimmers of optimism hidden in the December report, with the new orders index for Chinese exports picking-up to 37.3 from 32.3 the previous month, and the sub-index for output climbing to 39.4 in December from 35.5 in November.

Stockpiles of copper monitored by the London Metals Exchange have grown to 342,000-tons, the highest since February 2004, - equal to 7.5-days of global demand, up from 3.2-days in July. However, copper stockpiles in Shanghai have been whittled down to only 18,000-tons, the smallest supply this decade. London traders reckon Chinese users of the red-metal will eventually be forced to replenish their dwindling local supplies, perhaps after the Chinese New Year on January 31st, which in turn, can help put a floor under the copper market.

China accounted for 20% to 35% of the world’s consumption of base metals last year. Base metals got a psychological boost on Dec 25th, when China’s State Reserves Bureau (SRB) agreed to buy 300,000-tons of aluminum at 12,300-yuan ($1,800) per ton in January to support its local miners. The purchase price was at a premium of 10% over the key Shanghai aluminum futures contract.

The SRB might also buy 400,000 tons of copper, as part of a massive stimulus package totaling 4-trillion yuan or $586-billion, amounting to 15% of China’s gross domestic product (GDP) to build railways, subways and airports. That amount of copper would cost China $1.5-billion at today’s prices. At the same time, Freeport-McMoRan is planning to reduce its copper production by 200-million pounds this year, and 500-million pounds in 2010, to shore-up prices.

Beijing might buy the entire 1-million tons of aluminum that is sitting at warehouses and smelter yards in China, removing the excess supply off the market in one-swoop. At the same time, Alcoa, the world’s largest aluminum maker, has announced plans to cut more than 15,000-jobs world-wide, halve its capital spending, and will scale back aluminum output by 2-million tons this year.

Many traders in London and New York were caught by surprise, when the price of nickel suddenly jumped 40% higher towards $13,550 /ton last week, its biggest rally in 10-months. The surprise rally was tied to reports that US-steelmakers and their unions are pressing President-elect Barack Obama for on infrastructure projects to revive the sagging market. The Euro-zone also has a 200 billion-euro ($278 billion) stimulus plan, and Japan will spend 10-trillion yen ($111 billion) on its economy.

Almost all of the world’s major central banks are engaged in a race to the bottom on interest rates. The Bank of Japan lowered its benchmark loan rate to 0.1% and re-instated “quantitative easing,” (QE) – the printing of yen through the purchase of Japanese government bonds and commercial paper, and on Dec 7th, signaled its intention to drive long-term bond yields lower. Base metal traders are gauging what impact these measures have on sentiment in the Nikkei-225 index.

Earlier this week, copper and zinc futures soared their daily limits, on reports the SRB is planning to add zinc and copper to its inventories. The timing could hardly be better. Shanghai copper and zinc futures have fallen by two-thirds from their peaks. China has not built up the key base metals in its state reserves, and Beijing wants to avoid a return to massive price rises of the past few years. So investing in cheap base-metals now could help dampen prices, once demand picks up steam again.

Although this weeks share dilution in Mercator caught many of us off guard, if you step back and look it as an investor it was most certainly positive. They now have ample cash to ramp up to 45tpd (for 7 million) and 60+tdp for 25 million. Every ramp up brings down there cash costs ($1.09 for copper, $8.08 for Molly at 30tpd) . This will generate more cash quickly opening up more opportunities later in the year as opposed to grinding out the year."


http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&…

[Videomart]

CHILE: End of the Copper Boom
By Daniela Estrada
SANTIAGO, Jan 9
http://www.ipsnews.net/news.asp?idnews=45356

[Videomart]

FUND VIEW-
Steely minor metals to lead recovery - JP Morgan
Wed Jan 14, 2009 4:31pm GMT
By Michael Taylor

LONDON, Jan 14 (Reuters) - Minor metals used for steel production are in pole position to lead an industrial metals recovery due to infrastucture projects in emerging markets, a JPMorgan (JPM) fund manager told Reuters.

Ian Henderson of JPM's (JPM.N: Quote) Global Natural Resources Fund, said that demand from China and India will support metals such as ferro chrome FECRO-HC-RU and molybdenum MLY-FERRO-LON, already hit by falling demand from steel mills.

Their production is often dominated by a limited number of producers.

"In some cases, because of the dominance of South Africa in terms of supply, we think that these commodities can snap back," said Henderson, whose fund has assets of about 815 million pounds.

As a lot of the world's ferro chrome is mined in South Africa, its price can be influenced by localised events -- such as power problems or industrial action.

The combination of global stimulus packages announced and production cuts for minor metals will help boost demand because there are often few alternatives to use in steel production, he added.

Many minor metals are byproducts of industrial metals and supplies have been curbed by production cutbacks. Henderson said that although investors had not expected emerging markets' liquidity to be effected as much as it has -- finances in such regions are a lot better than in previous crises and starting from a better position.

On a more cautious note however, Henderson said all London Metal Exchange metals could have another downturn because of the worrying build-up in physical inventories.

Aluminium MAL3 stocks stand at 2.4 million tonnes -- near to the record above 2.6 million tonnes hit in June 1994.

The price of aluminium has fallen 55 percent since its record-high of $3,380 per tonne touched in July 2008.

The metal used in transport and packaging has come under pressure in recent months on news of falling sales data from auto makers and the slowing global economy.

"There is a lot of excess aluminium washing around in the system today, despite the fact that the price is low and there have been huge cuts in production," he said. "It is quite possible that aluminium will continue to be quite soft."


GOING FOR GOLD

In precious metals, Henderson still favoured gold and saw demand continuing to rise because of anxiety in currency markets -- itself a result of the financial turmoil.

"In the current climate, it's clear that investor appetite for gold ... has remained very robust throughout 2008 and it looks like that trend is continuing this year."

Gold <XAU=> prices rose more than 5 percent last year but have fallen about 6 percent so far this year, as lacklustre jewellery demand weighs on prices.
"It has clearly done very well in 2008 ... the longer we see this (economic) pandemonium, people that hold gold will be inclined to keep hold of it."

Looking at the macro picture however, Henderson said there was not much sign anywhere of economic activity having bottomed, or getting better.

Highlighting this, JPM's UK-based fund, which has holdings in about 200 worldwide commodity companies, lost 52 percent of its value over the last 12 months to Jan. 9.

"There are reasons to suggest the current environment is not going to go on forever ... therefore extrapolating current circumstances through to the next three to five years is probably being over-pessimistic," Henderson said.

But although Henderson's fund has spiked by 21 percent during the last month, he said spotting signs of any economic recovery is proving difficult.

"Investors try to second guess turning points -- they are doing that at the moment ... I can't sadly say that I know or am certain of things turning around."

(Reporting by Michael Taylor; editing by William Hardy)


http://af.reuters.com/article/southAfricaNews/idAFLE31206820…

[Schorsch°]

Kupfer überrascht positiv

Die Rede von Barack Obama zum 825-Milliarden-Dollar-Konjunkturpaket ließ den am aktivsten gehandelten Kontrakt auf Kupfer mit Fälligkeit im März um über 5 Prozent emporschnellen. Der geplante Ausbau der Infrastruktur dürfte u.a. auch der Kupfernachfrage helfen. Ein große positive Überraschung stellte zudem der Rückgang der Kupfer-Lagervorräte an der Shanghai Futures Exchange dar, die um 6.865 auf 15.871 Tonnen absanken. In der Vergangenheit fiel das rote Industriemetall vor allem dadurch auf, dass die Lagerbestände aufgrund der rezessionsbedingt rückläufigen Nachfrage massiv aufgebaut worden sind. So haben sich zum Beispiel die Vorräte an der London Metal Exchange, der wichtigsten Börse für Industriemetalle, innerhalb eines Jahres auf über 387.000 Tonnen glatt verdoppelt.
Am Montagvormittag zog der an der Nymex gehandelte März-Future auf High Grade Copper weiter an. Bis gegen 9.30 Uhr (MEZ) verteuerte er sich um 2,20 auf 154,95 US-Cents pro Pfund an.

[Videomart]

[Videomart]

Plunging consumption dampens LME moly contract launch: sources

Tokyo (Platts)--19Jan2009

Plunging molybdenum oxide consumption in Japan has dampened earlier
expectations for the London Metal Exchange molybdenum oxide contract launch
later this year, market sources said Monday.
While some Japanese traders have started asking molybdenum consumers to
add the LME trading platform to their purchase program, most have made
trimming their own metal stocks a priority, sources said.
Traders' strategies have been hit by sudden cutbacks in molybdenum
consumption by Japanese stainless and specialty steel makers.
Chrome-nickel-molybdenum stainless steel production slumped to 17,569 mt
in November, down 29.1% from October and down 29.4% year on year, latest data
showed. Chrome-molybdenum stainless plummeted 35.6% to 15,823 mt in November
from a month earlier, down 10.8% year on year.
The falls have forced many traders to review pro-active plans for
utilizing the new functions of the LME.
"Frankly, we are hoping that the launch be postponed, as the market is
not ready," one trader said.
Several traders told Platts their companies have no plans to apply for
LME membership -- Mitsubishi Corp. and Mitsui & Co. are the only two Japanese
companies trading in molybenum to hold memberships. Other trading houses need
to contact LME members if they want to take positions.
"My company becoming an LME member? Impossible," a second trader said,
adding he does not expect to see any spot demand for molybdenum for some time.
But the LME molybdenum contract launch will still impact on the daily
operations of traders and consumers, one buyer said.
"Instead of looking at publications for weekly molybdenum prices, we need
to be looking at daily LME prices, LME stocks and other data," he said.
"Our stance is wait-and-see for calendar 2009, but if any of our
customers think LME prices are in their favor, we need to think about how to
incorporate LME daily prices into our business," he added.
Japanese traders said specialty steel makers operating electric arc
furnaces are likely to be interested as well, while bigger integrated steel
makers that buy molybdenum oxide under annual contracts are likely to sit
back.
Japan imported 34,581 mt of moly oxide over January-November 2008, more
than 60% of it under annual supply contracts.
"When nickel prices went up to $50,000/mt a few years back, specialty
steel makers expressed keen interest in the risk management and hedging
benefits the LME offers," a third trader said.
"I expect them to review the benefits now," he added.
--Mayumi Watanabe, [e-mail]


http://www.platts.com/Metals/News/9807687.xml?src=Metalsrssh…

[Videomart]

Chilean think tank forecasts copper prices will drop even lower
Most industry analysts predict copper inventories, until recently in deficit and underpinning booming prices, will come in near 300,000 to 400,000 tonnes this year.

Author: Pav Jordan
Posted: Monday , 19 Jan 2009

SANTIAGO (Reuters) -

Copper output in Chile, the world's largest producer, may fall in 2009 as the industry is hammered by low prices for the red metal, the director of the CESCO copper industry think tank said on Friday.

CESCO Executive Director Juan Carlos Guajardo told Reuters in an interview that he saw copper output coming in at about 5.3 million tonnes this year, either unchanged from a year earlier or down as much as 1 percent.

The CESCO outlook is far more pessimistic than a Chilean government report last week for a 3.7 percent rise in production this year.

Chile copper miner Antofagasta Plc said this week it was closing a small Lince open pit mine in northern Chile because of lower prices, the latest in a series of global copper industry project casualties.

"If you look at the 19 largest mines in Chile, 10 saw falling production last year (2008), so we are talking about more than half of Chile's mines with falling copper (output)," said Guajardo.

CESCO is a not-for-profit industry think tank whose members include companies producing much of the world's copper and which hosts one of the world's biggest copper meetings annually in Chile.

Guajardo said a study conducted CESCO showed planned investments for the sector have fallen 25 percent in dollar terms in Chile since September, to close to $27 billion as of early January from some $37 billion when the industry was still in an extended price boom and costs were soaring.

Global copper prices have plummeted since then to close to $1.50 a pound, from record highs of over $4 last July.

Guajardo said he estimated average copper prices would range between $1.50 and $1.80 in 2009.

For Chile's mining industry over all, Guajardo said planned investments fell 38 percent from September, led by projects in iron and steel and, to a lesser extent, molybdenum mining.

Of roughly $10 billion in investment plans put on hold in the copper industry, nearly $7 billion are attributable to No. 1 diversified miner BHP Billiton, majority owner of Chile's Escondida, the world's largest copper mine.

The CESCO report showed Escondida could postpone its Phase Five expansion, originally planned for 2013, and the building of a new complex to desalinate sea water for ore processing, planned for 2012.

Guajardo said some delays came as miners wait for equipment and material costs to fall back in line with copper prices.

REBOUND?

Guajardo said the copper market could see a slight rebound in the second half of the year, if copper inventories prove less robust than currently thought.

Most industry analysts predict copper inventories, until recently in deficit and underpinning booming prices, will come in near 300,000 to 400,000 tonnes this year.

"Now I'm seeing stats between 100,000 and 200,000," Guajardo said.

Copper prices are already up from close to $1.20 per pound just weeks ago, in part because they crossed the threshold below the minimum costs of even the most efficient producers.

And financial market turmoil has not punished the copper price as much as some had predicted.

"This is something that draws attention and gives pause for thought," Guajardo said. "One starts to look at the factors behind this."

China, he said, is giving signs for optimism, importing more copper than expected in December at a time when China bank loans rose.

"So there are some positive signs, although of course there will continue to be bad news in the first half, which will lower average copper prices." (Editing by Marguerita Choy)


http://mineweb.com/mineweb/view/mineweb/en/page36?oid=76934&…

[Videomart]

MINE SUSPENDED
African Copper suspends Mowana mine
Posted: Wednesday , 21 Jan 2009
African Copper said it will suspend production at its Mowana mine in Botswana for at least three weeks while the company holds talks to raise up to $15 million for its working capital needs.
...
http://www.mineweb.net/mineweb/view/mineweb/en/page504?oid=7…

[Videomart]

Ryan's Notes Average:
US$9.40/lb
As of Jan 20, 2009
(unverändert)

[Videomart]

Molybdenum prices are on the ropes
Forecasters see huge 57% drop benefiting buyers

By Tom Stundza -- Purchasing, 1/21/2009 11:51:00 AM

Investment bank Dahlman Rose & Co. in New York expects molybdenum to average $12/lb this year and $15 in 2010. (Purchasingdata.com’s forecast is similar, $13 in 2009 and $15 in 2010, because of the slowdown in North American steel production). In 2008, the steel-smelting additive cost an average $29/lb after peaking at $30 in 2007. On a monthly basis, however, molybdenum has sold for less than $10/lb for two months now.

This huge 57% decline in prices led producers Thompson Creek Metals of Toronto, Freeport-McMoRan Copper & Gold of Phoenix, and Creston Moly of Vancouver, British Columbia, to either reduce output or shelve expansion plans. Investor Eric Sprott who runs Sprott Asset Management recently shut his Sprott Molybdenum Participation investment fund, citing “the unfavorable outlook for the price of molybdenum” and reduced demand that has sliced the production and sale of molybdenum.

http://www.purchasing.com/article/CA6631183.html

[neuflostein]

Antwort auf Beitrag Nr.: 36.424.698 von Videomart am 22.01.09 10:10:15

Mit $15/lb könnte ML ganz gut leben, denke ich. Das sollte bei Produktionskosten von sagen wir mal $10/lb gut 50Millionen in 2010 generieren. Nochmal 50mille in 2011 und 2012 und die Notes könnten bedient werden. Kupfer bei über $1.30/lb ist zumindest kein Verlustbringer.

Man kann nur hoffen, dass Moly bald wieder $15 kostet und dass ML die Mine so zum Laufen bringt, wie in der Feasibility studie angenommen wurde.....

[Videomart]

"CIBC World Markets Inc." stehen offenbar weiterhin zu ihrer Empfehlung von November 2008(http://www.mphventurescorp.com/i/pdf/Moly_Initiation_CIBC_No…) und kaufen 83,5k zu Kursen von 0,58-0,60 CAD
alleine in den letzten 50 Minuten, trotz fallender CU-Preise...

[Videomart]

Selten einen Wert gesehen, der so offensichtlich manipuliert wird:
Dow Jones und Kupferpreis ziehen an, und hier wird der Kurs mit Macht im Bereich von 0,55-0,56CAD gehalten!
Die Frage ist: Warum???

[MFC500]

Selten einen Wert gesehen, der so offensichtlich manipuliert wird:


was ist so offensichtlich an dieser "Manipulation"?

[Videomart]

Antwort auf Beitrag Nr.: 36.439.594 von MFC500 am 23.01.09 20:37:43

Schau Dir mal den DJ Non Ferrous Metals Index und den Kupferchart
an:
http://www.kitconet.com/charts/metals/base/t24_dj450x275.gif
http://www.kitconet.com/charts/metals/base/t24_cp450x275.gif

Danach müßte ML "abgehen wie ein Zäpfchen", so wie TCM oder QUA

http://de.advfn.com/p.php?pid=staticchart&s=T^TCM&p=0&t=15&d…
http://de.advfn.com/p.php?pid=staticchart&s=T^qua&p=0&t=15&d…

Hier aber passiert nichts!
Credit Suisse und Anonymous drücken den Kurs mit kleinen Ordern zurück auf 0,55 CAD...

[MFC500]

Antwort auf Beitrag Nr.: 36.439.709 von Videomart am 23.01.09 20:53:56

Als ob die Aktie jede Bewegung des Kupferpreises mitmachen würde. Wie oft hat sie eine negative Markt und/oder Kupferpreisentwicklung schon ignoriert? War das dann auch Manipulation?

[Videomart]

Antwort auf Beitrag Nr.: 36.439.767 von MFC500 am 23.01.09 21:01:48

So sehe ich das, kann ja jeder anderer Meinung sein.
Eine Rohstoffaktie steigt nun einmal, wenn der Preis des Rohstoffes steigt...

Hier noch einmal Quadra Mining als reiner Kupfer-Wert:

[Videomart]

Antwort auf Beitrag Nr.: 36.439.767 von MFC500 am 23.01.09 21:01:48

Für die 100er Verkäufe der MM gibt es folgende Bedeutung:

100 I need shares.
200 I need shares badly,but do not take the stock down.
300 Take the price down so I can load shares
400 Keep trading it sideways.
500 Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.

Bei "Anonymous" und Credit Suisse waren es heute 500er-Order...

[Videomart]

TSX Short positions outstanding at Jan. 15/09 (with changes from Dec. 31/08)

Largest Increase in Short Position:
Platz 2:
Mercator Minerals ML 2597375 +1919569

http://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=8764…

[Martin12345]

Antwort auf Beitrag Nr.: 36.440.864 von Videomart am 24.01.09 01:39:20

Die Performance ist zum Kotzen. Ich bin leider zu früh rein. Ich habe gedacht, dass es nicht sehr weit unter 0,7 Cad gehen wird.
Die Kupferlager füllen sich auch immer schneller und der Dow wird wohl auch noch den Kampf mit den 8000 Punkten verlieren.

Weiß jemand ca. wieviel Cash Mercator insgesamt nach der Kapitalspritze haben wird?

Grüße
Martin

[Videomart]

Copper market in surplus, but prices hold well

Consumption declines in leading industrialised nations.

What started as slowdown in western countries soon turned into recession, impacting prices of a wide range of commodities including base metals.

G. Chandrashekhar,
Washington DC, Jan 24

The world copper market showed a surplus of 50,000 tonnes for October 2008, according to the latest assessment of International Copper Study Group (ICSG), the intergovernmental organisation to promote the base metal.

The apparent refined copper balance for the first 10 months of 2008, including revisions to data previously presented, indicates a production surplus of 1.59 lakh tonnes compared with a production surplus of 1.19 lakh tonnes during same period in 2007, according to a preliminary ICSG data.

Again, in the first 10 months of 2008, world usage expanded by 2.8 per cent (4.08 lakh tonnes) compared with usage during same period in 2007, with China as the main driver of consumption (12.7 per cent growth) adding close to half a million tonnes of copper use. Leading industrialised countries — the US, EU-15 and Japan — all showed decline in consumption.


Sharp slowdown

Chinese usage data are of course estimates, not taking into account unreported stocks which may be sizeable during times of destocking.

The OECD composite leading indicators have for the past several months been strongly signalling a sharp slowdown not only in industrialised countries, but also downturn/slowdown in emerging economies such as China, India and Russia. What started as slowdown in western countries soon turned into recession, impacting prices of a wide range of commodities including base metals.


Copper prices declined steadily from August/September onwards.

The average LME cash price for December 2008 was $3,071.98 a tonne, sharply down from the November average of $3,717/t. On July 3, the cash price had spiked to its highest level of 2008 at $8,985/t. However, concerns over global economic growth and demand side factors led to a price collapse in the last quarter, with copper plunging to its year’s lowest level of $2,770/t on December 24 and averaged $6,951.52/t for the full year ($7,126.35 in 2007).


Stocks

As of end-December 2008, copper stocks held at the major metal exchanges (LME, COMEX, SHFE) totalled 3,89,683 tonnes, an increase of 1,51,345 tonnes from stock held at the end of 2007. In December alone, stocks increased by 66,925 tonnes from the previous month.

Clearly, gloabl economic slowdown and recessionary conditions in major industrialised economies have caused compression of demand for copper. Inventory levels are also becoming burdensome. Production cuts resorted to by producers have been of no avail so far as the market is concerned about poor demand conditions. How the stimulus packages of large economies will play out and how soon industrial production will pick up remain matters of conjecture.

Some experts are, however, of the view that although copper surplus is rising, it need not be a cause for serious concern. Even the current inventory level is seen as not too burdensome. Production cuts are seen limiting the surplus.

There is a strong positive correlation between industrial production growth and base metals usage including copper. When the process of economic recovery starts - anticipated to be towards the end of 2009 - copper may face a big price spike as the fundamentals would begin to tighten and production may not be able to quickly respond to demand.


http://www.thehindubusinessline.com/2009/01/25/stories/20090…

[Videomart]

"Analysts bullish on copper"
Thu, Jan 22, 2009

By Leia Michele Toovey- Exclusive to Copper Investing News

Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish.

When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to host the most profit potential of the base metals. Despite growing stockpiles, China requires more copper than its domestic market can produce, therefore imports are a necessity. Other markets - aluminum is a key example - are seeing demand quenched by domestic supply. The Chinese government announced early in the year its intent on stockpiling some key base metals. For all but copper, domestic supply will do, and the government is purchasing these metals at a premium price.

China’s State Reserves Bureau (SRB) has been dipping into the market to stock up on aluminum, zinc and indium, as well as soft commodities such as rubber. Jiangxi Copper refused to sell the SRB copper stating that it “could not afford to” because it only had enough for its own customers. That might force the SRB to buy on the open market. The Bureau has a lot of ways to purchase copper and probably it will buy on the international market because domestic copper smelters have limited stockpiles for the government to buy. China’s refined copper imports jumped 49 per cent in December from the previous month.

Copper’s depressed prices are reflective of the global economic climate. Over in London, copper dropped for a third consecutive day, as growing inventories signaled worsening demand. Inventories of copper in warehouses monitored by the London Metal Exchange rose 1.2 per cent to 422,450 metric tonnes, the highest since January 2004. Copper for delivery in three months on the LME dropped as much as $50, or 1.6 per cent, to $3,170 a tonne, the lowest intraday price since January 13. Copper has trimmed this year’s gain to 4.5 per cent, after slumping 54 per cent in 2008. Copper lost close to 5 per cent of its value in New York futures trade on Wednesday. India’s copper futures were flat on Thursday, after losing 6.4 per cent in the previous two sessions, tracking overseas markets. Analysts said copper would be pressured by weak demand outlook due to deepening global recession and huge inventory pile-up in the near-term.

Cumulative copper demand in 2008 rose 7 per cent down from 36 per cent in 2007. The world copper market was in surplus by 286,000 metric tonnes in the first 11 months of 2008. This compares with a deficit of 201,000 tonnes for the same period of 2007. Mine production for the first 11 months of 2008 was 14.1 million tonnes, some 1.3 per cent lower than in the first 11 months of 2007. Refined copper production rose 2.6 per cent to 16.89 million tonnes. Consumption in the first 11 months of 2008 was 16.6 million tonnes, fractionally lower than the same period the previous year.


http://www.copperinvestingnews.com/684/analysts-bullish-on-c…

[Videomart]

Monday, 26 Jan, 2009

Morgan forecast molybdenum prices to remain low in 2009

Platts cited Morgan Stanley as saying this week in its Global Metals Playbook for the first quarter of 2009 that molybdenum prices are set to remain low in 2009, but the market's supply surplus should shrink from 2008 levels.

The report from Morgan Stanley said that "We forecast prices to remain at a low of USD 12 per pound in 2009 as the industry remains in surplus for most of the year. Given that the end market for moly is steel and related sectors, with the steel market contracting, our demand forecast looks for a contraction in line with our steel demand forecast of 5% in 2009."

Morgan is forecasting global consumption in 2009 at 431.9 million pound, down 5.7% from 458.2 million pound in 2008. A bullish catalyst for molybdenum demand and pricing could be the initiation of a strategic reserve by the Chinese government and potentially other governments given the strategic importance of the metal. It added that "Such a reserve build could improve demand in 2009-10 and drive prices to our bull case of USD 30 per pound in 2010."

The report also noted that on the supply side, lack of demand from end markets has resulted in announced production cutbacks, with Freeport McMoRan cutting molybdenum output by 12.5% and delaying the reopening of its Climax mine, Thompson Creek delaying the expansion of its Endako mine and General Moly postponing its Mt. Hope project, and output from major mines at the end of 2008 was 5% lower YoY.

Morgan Stanley said that "We forecast global production to decline by 6.7% in 2009 and demand to closely track that of steel, declining 5.7% this year. We estimate a surplus of only 14.2 million pound in 2009 and 9.9 million pound in 2010, compared to 19.8 million pound in 2008."

(Sourced from www.platts.com)

http://steelguru.com/news/index/2009/01/26/ODAwNjk%3D/Morgan…

[Videomart]

Copper Surges to Seven-Week High on Signs of Recovering Growth

By Millie Munshi

Jan. 26 (Bloomberg) -- Copper surged to a seven-week high on signs of improved economic activity, raising speculation demand will increase for the metal used in pipes and wires.

Home resales unexpectedly rose 6.5 percent in the U.S. last month, the National Association of Realtors said today. The index of leading U.S. economic indicators also advanced in December, a separate report showed. Copper has gained 13 percent this year on speculation that government spending on building roads, bridges and power lines will boost demand.

“There’s some bullishness coming back to commodities and copper is following that trend,” said Donald Selkin, the chief market strategist at National Securities Corp. in New York. “People felt that the economy is going to start to turn around and that’s going to help out copper prices.”

Copper futures for March delivery soared 11.45 cents, or 7.8 percent, to $1.5865 a pound on the New York Mercantile Exchange’s Comex division. Earlier, the metal touched $1.631, the highest since Dec. 2.

Sales of previously owned homes rose to an annual rate of 4.74 million from 4.45 million in November, the Realtors’ group said. The home resales were forecast to fall to a 4.4 million rate, according to the median estimate of 70 economists in a Bloomberg News survey. Builders are the biggest copper consumers.

“We saw an immediate, dramatic reaction to the upside” in metal and equity markets after home-sales figures were released, said Brian Hicks, who helps manage about $1.5 billion at San Antonio-based U.S. Global Investors. “That’s encouraging.”

Citing reports of job cuts today, U.S. President Barack Obama called for quick action on an $825 billion stimulus package in a bid to revive the recession-racked economy. Lawmakers in Congress are debating the stimulus plan.

Stimulating Effect

“The government is going to work hard to stimulate the economy and that’s going to help the overall sentiment in the market,” said Michael K. Smith, president of T&K Futures & Options in Port St. Lucie, Florida. “Copper is starting to find a bottom.”

Caterpillar Inc., the world’s largest maker of construction and mining equipment, cut 20,000 jobs today, citing declines in U.S. construction work. Home Depot Inc., the biggest home-improvement retailer, eliminated 7,000 jobs because of falling consumer spending. U.S. builders started work last month on the fewest new houses since record-keeping began 50 years ago.

“Most commodity prices dropped below investment-threshold levels in late 2008,” Caterpillar said today in a statement. “We expect this unfavorable environment to persist throughout the year.”

Copper has plunged 63 percent from a record $4.2605 in May as the U.S., Europe and Japan fell into recessions. Weak global growth will continue to limit copper’s gains, said Selkin of National Securities.

Profit Cut

Lower metal prices have hurt profits for mining companies including Freeport-McMoRan Copper & Gold Inc., the world’s largest publicly traded copper producer. Freeport today posted a $13.9 billion fourth-quarter loss as copper plunged and the company wrote down the value of some mines and other assets. The company said sales of copper will be 9 percent less this year than previously forecast.

“Business is weak because of the global economic situation,” Freeport Chief Executive Officer Richard Adkerson said today on a call with investors. Still, continued infrastructure development in the U.S. and China will buoy copper prices in the longer term, Adkerson said.

On the London Metal Exchange, copper for delivery in three months jumped $304, or 9.4 percent, to $3,555 a metric ton ($1.61 a pound). The price reached a record $8,940 on July 2.


http://www.bloomberg.com/apps/news?pid=20601012&sid=adRfQ6nw…

[Videomart]

Die Kupfer-Lagerbestände steigen erwartungsgemäß weiter:

[Videomart]

Copper Drops on Signs Slumping Global Growth Is Eroding Demand

By Millie Munshi

Jan. 29 (Bloomberg) -- Copper fell to the lowest price in almost a week on signs the global recession is slashing demand for the metal used in homes, cars and appliances.

Inventories monitored by the London Metal Exchange soared 5 percent, the biggest gain since Sept. 5, to 477,675 metric tons today, the highest total since November 2003. World economic growth will be 0.5 percent this year, the weakest postwar pace, the International Monetary Fund said yesterday. Before today, copper had plunged 61 percent since June 30 as the cooling global economy reduced demand and supplies increased.

“Copper doesn’t have the fundamentals to move higher through the balance of this year,” said Pete Sorrentino, who co- manages $16 billion at Huntington Asset Advisors Inc. in Cincinnati. “There’s slowing growth and inventories are piling up. The industrial metals are in for a period of time when production will have to remain at fairly low levels as demand falls.”

Copper futures for March delivery fell 2.6 cents, or 1.7 percent, to $1.47 a pound at 11:24 a.m. on the Comex division of the New York Mercantile Exchange. Earlier, the price touched $1.421, the lowest for a most-active contract since Jan. 23.

Federal Reserve officials warned of a prolonged global economic slowdown that may push the U.S. to the brink of deflation. The central bank, in a policy statement yesterday, indicated concern about the worldwide economy weakening “significantly.” The Fed left the main interest rate unchanged at close to zero.

‘Bearish Sentiment’

“The market is currently engulfed in bearish sentiment, manifested on a daily basis in economic data that underscore the severity of the current economic malaise,” Gayle Berry, an analyst at Barclays Capital in London, said in a report today. “With consumption in many key markets now in decline, the build in LME stocks has been relentless.”

Before today, copper had gained 6.1 percent in January, heading for its first monthly gain since June, on speculation government spending will help boost demand.

“There were some unrealistic expectations about what the stimulus plan was going to mean for” copper, Sorrentino of Huntington said.

On the London Metal Exchange, copper for delivery in three months dropped $82, or 2.5 percent, to $3,248 a metric ton ($1.47 a pound). The price reached a record $8,940 on July 2.

Sales of new homes in the U.S. fell last month to the lowest level since record-keeping began in 1963, the Commerce Department said today.

“On the housing front, the overall situation remains dreadful,” Edward Meir, an analyst at MF Global Ltd. in Darien, Connecticut, said in a report yesterday. Copper may drop to as low as $2,650 a ton this year as demand wanes, MF Global forecasts.

To contact the reporter on this story: Millie Munshi in New York at [e-mail]

Last Updated: January 29, 2009 11:26 EST


http://www.bloomberg.com/apps/news?pid=20601012&sid=aMN9csvZ…

[Videomart]

Mercator Minerals Closes Bought Deal Financing

VANCOUVER, Jan. 29 /CNW/ - Mercator Minerals Ltd. ("Mercator") is pleased
to announce that it has closed its previously announced "bought deal"
financing. Mercator has sold to a syndicate of underwriters, 33,349,425 units
(each a "Unit"), of which 4,349,925 Units were issued pursuant to the exercise
in full of the over-allotment option granted to the underwriters, to raise
gross proceeds of $23.3 million. Each Unit was comprised of one common share
(the "Common Shares") and one-half of one common share purchase warrant (the
"Warrants"). Each Warrant entitles the holder to purchase one additional
Common Share of the Company at a price of C$1.00 per share for four years
after closing. The syndicate of underwriters was led by Blackmont Capital Inc.
and included Acumen Capital Finance Partners Limited, Jennings Capital Inc.
and Scotia Capital Inc.
The Warrants are listed on the Toronto Stock Exchange under the symbol
ML.WT.A. Together with the Company's currently outstanding Common Shares, the
Common Shares issued on the financing will also commence trading today on the
Toronto Stock Exchange under the symbol ML.

Mercator Minerals Ltd.


http://www.mercatorminerals.com/index.php?&cm=investor&ce=sh…

[Videomart]

Vorprogrammierte Angebotsknappheit
30.01.2009 | 11:42 Uhr | Dr. Frank Schallenberger (LBBW)

Die rapiden und in der Höhe unerwartet heftigen Preisrückgänge in Verbindung mit Lagerbestandszunahmen haben deutliche Kursverluste bei Minenaktien innerhalb kürzester Zeit nach sich gezogen. Die mehrjährige Akitienhausse wurde von hohen Kapitalzuflüssen und guten Bedingungen für fremdfinanzierte Unternehmensübernahmen begleitet. Im Abschwung rückt hingegen die Verschuldung und das Refinanzierungsrisiko von Minenunternehmen in den Mittelpunkt des Investoreninteresses. Mit Xstrata hat bereits der erste große Konzern eine Kapitalerhöhung mit einem Volumen von rund 6 Mrd. USD avisiert. Sollte Rio Tinto demnächst ins gleiche Horn stoßen, würde dies momentan nicht überraschen.

Neben dem Schuldenabbau ist die Reduzierung von Kapazitäten das Gebot der Stunde. Die schwächere Entwicklung der Nachfrageseite und der Zwang, Kosten einzusparen, führt bei Minenunternehmen zu Anpassungen auf der Angebotsseite. Zum einen schlägt sich dies in Entlassungen nieder. So hat Rio Tinto im Dezember angekündigt, 14.000 Stelllen zu streichen, Alcoa gab Anfang Januar die Streichung von 15.000 Stellen bekannt. Darüber hinaus sind die Preise vieler Rohstoffe bereits unter die Grenzkosten der Produktion einzelner Minen gesunken. Über 50% der Aluminium- und Zinkproduzenten schreiben bei dem aktuellen Preisniveau Verluste. Dadurch sollte die Schließung unrentabler Minen weiter auf der Agenda stehen. In der Summe dürfte das Angebot an Kupfer, Nickel und Co. in den nächsten Monaten stark zurückgehen. Behält der IWF Recht, der das Weltwirtschaftswachstum 2010 bei 3,0% erwartet, dürfte auch die Nachfrage in absehbarer Zeit wieder zulegen. Damit wären deutliche Preissteigerungen vorprogrammiert. Insbesondere Bei Kupfer, Blei und Zink würde vor diesem Hintergrund ein Anstieg der Notierungen von 50% und mehr in den nächsten 12 Monaten nicht überraschen.

http://www.rohstoff-welt.de/news/artikel.php?sid=11353

[Videomart]

Chile Dec copper output down 8.9 pct yr/yr Fri, Jan 30 2009, 12:28 GMT

SANTIAGO, Jan 30 (Reuters) - Chile's copper output fell 8.9 percent in December and 4.2 percent for the Jan-December period as the world's biggest copper producer saw ore grade fall at its biggest mines and amid some supply disruptions, the National Statistics Institute (INE) said on Friday.

Copper output in December was 484,798 tonnes. From January through December 2008, Chile churned out 5,364,159 tonnes.
In November, Chile's copper output tumbled 6.4 percent after a 7.0 percent slide in October.

(Reporting by Antonio de la Jara; Editing by Theodore d'Afflisio) Keywords: CHILE ECONOMY/COPPER

([e-mail]; [phone]; Reuters Messaging: [e-mail])

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId…



Global crisis hits Chile Dec indust output, copper
2009-01-30 13:17 (UTC)

By Antonio de la Jara

SANTIAGO, Jan 30 (Reuters) - The adverse impact of the global economic crisis on Chile's economy was reflected in a series of reports on Friday showing industrial output falling further than expected in December, copper output tumbling for another month and joblessness rising.

Data published by Chile's National Statistics Institute (INE) showed industrial production down a bigger-than-expected 3.7 percent in December from a year earlier, after a 5.7 percent fall in November.

The figure was also worse than the median forecast of six economists and analysts polled by Reuters who predicted a median fall of 2.2 percent on the back of mining sector weakness amid crashing demand for industrial metal copper.

'This low result was due to a lower pace of economic activity and of both domestic and external demand,' INE said in a statement. It said that had hit output of base metals, wood products and non-metallic minerals.

'The economic data shows a downward trend which affects sectors from mining to business. This is because the dependence on the external sector makes them vulnerable to variations seen on international markets,' INE added.

Copper output fell 8.9 percent in December and 4.2 percent for the January-December period as the world's biggest copper producer saw ore grades fall at its biggest mines and amid some supply disruptions. That compounded sector weakness and the crisis pounded demand and prices.

At the same time, exports of molybdenum, a metal used to harden steel and another of Chile's top exports, also tumbled.

For the October-to-December period, the INE said the jobless rate was 7.5 percent, higher than the 7.2 percent rate reported for the same period in 2007.

The result was above the 7.3 percent median forecast of six economists polled by Reuters, and was unchanged from the 7.5 percent rate reported for the September-November period.

(Additional reporting by Rodrigo Martinez) Keywords: CHILE ECONOMY/

(Writing by Pav Jordan; Editing by Simon Gardner & Theodore d'[e-mail]; [phone]; Reuters Messaging: [e-mail])

http://www.xe.com/news/Fri%20Jan%2030%2008:17:00%20EST%20200…

[Extrabreit]

Alu Corp of China wird Engagement bei Rio Tinto ausbauen
Leser des Artikels:

Sydney / Peking 02.02.09 (www.emfis.com) Aluminium Corp of China und Rio Tinto verhandeln, so die offizielle Bestätigung des australischen Minenkonzerns.
Die Rio Tinto Group, dass weltweit drittgrößte größte Bergbau-Unternehmen, will seinen fast 40 Mrd. AUD schweren Schuldenberg abbauen.
Dazu ist man nun in offizielle Gespräche mit dem chinesischen Unternehmen eingetreten. Unbekannt sind sich beide Seiten nicht, hatte doch Chinalco zusammen mit Alcoa im Februar vergangenen Jahres sich eine Beteiligung von 9 Prozent gesichert. Diese Anteilsübernahme fand im Angesicht einer Übernahmeschlacht durch BHP Billiton statt, welche Rio aufkaufen wollten. Damit wäre BHP der weltweit beherrschende Marktführer im Bergbaubereich geworden. Die Chinesen sträubten sich vehement dagegen, wäre es doch ihnen gegenüber zu einem Preisdiktat gekommen.
Bereits im August hatte Chinalco von der australischen Regierung offiziell grünes Licht für ein Aufstockung bei Rio bis auf 11 Prozent erhalten.

Laut Rio Tinto könnte sich Chinalco Wandelschuldverschreibungen und / oder eine Minderheitsbeteiligungen erkaufen. Der britische Sunday Telegraph spricht hierbei von einem Volumen in Höher von 15 Mrd. AUD. Inwieweit Chinalco diesen Einstieg finanziert ist unklar. Das Unternehmen verfügte mit Ende November über einen Cash – Bestand von 8,8 Mrd. US Dollar.
Für die Marktbeobachter ist klar, dass China in der jetzigen Situation aggressiv seine Chancen nutzen wird. Strategisch ist der Kauf von Vermögenswerten Rio Tintos, wie Kupfer und Eisenerz, logisch. Diese Materialien sind Mangelware in China und die Nachfrage danach wird nachhaltig sein, so Heng Kun Analyst bei der Essence Securities.
Die chinesischen Bergbau Unternehmen hatten sich bereits im vergangenen Jahr global für etwa 18 Mrd. US Dollar Vermögenswerte erkauft und dabei die Finanzkrise ausgenutzt.
China ist klar, dass sich die Chance des Einkaufes, Beteiligungen und Übernahmen im Rohstoffsektor zu den augenblicklichen Preisen nicht so schnell wieder ergeben wird, so Glyn Lawcock, Analyst bei UBS.
Während an der australischen Börse das Vorhaben Rio Tintos mit einem Plus von fast 5 Prozent begrüßt wird. Verliert die Aktie von Chalco in Hongkong um über 7 Prozent.

[Videomart]

Antwort auf Beitrag Nr.: 36.492.449 von Extrabreit am 02.02.09 09:15:30

China ist klar, dass sich die Chance des Einkaufes, Beteiligungen und Übernahmen im Rohstoffsektor zu den augenblicklichen Preisen nicht so schnell wieder ergeben wird, so Glyn Lawcock, Analyst bei UBS.

Genau diese UBS hat gerade erst den sehr aussichtsreichen Kupferwert Quadra Mining zum Verkauf empfohlen, obwohl "China Mining" dabei ist, größere Aktien-Anteile an dieser Firma zu erwerben...

Wie paßt das zusammen???

http://analysen.finanztreff.de/analysen_ticker,id,28192201,l…

[Videomart]

Es ist mal wieder soweit:
UBS und Credit Suisse schieben sich mit den bekannten 500er Ordern gegenseitig "die Bälle zu" und zwingen den Kurs auf 54 Cents...

[Videomart]

Antwort auf Beitrag Nr.: 36.503.413 von Videomart am 03.02.09 17:24:28

Kann man im großen Chart deutlicher erkennen:

[Videomart]

Copper Rises on Speculation U.S., China Spending to Spur Demand

By Millie Munshi

Feb. 3 (Bloomberg) -- Copper prices jumped the most in a week on speculation that government spending plans in the U.S. and China will spur economic growth and boost demand for the metal used in pipes and wires.

China, the world’s biggest copper user, started investing a second part of a 4 trillion yuan ($580 billion) stimulus plan and may enact another to boost petroleum industries. In the U.S. Senate, debate began yesterday on an estimated $885 billion spending plan supported by President Barack Obama. Copper rose 4.1 percent in January on speculation that demand will revive.

Traders “await the outcome of whatever impact the combined economic stimulus packages” will have, Alex Heath, the head of industrial metals at RBC Capital Markets in London, said in a report. “The momentum does look to be favoring further gains.”

Copper futures for March delivery surged 9.1 cents, or 6.4 percent, to $1.522 a pound on the Comex division of the New York Mercantile Exchange. That marks the biggest advance for a most-active contract since Jan. 26. The January gain was the first monthly advance since June.

China is considering additional measures beyond the 4 trillion yuan stimulus to support its economy, the Financial Times reported yesterday. Obama’s plan for the U.S. will include money for projects including roads and bridges.

‘Direct Impact’

“The infrastructure-related portions of the fiscal stimulus packages will have a direct impact on metals demand,” Michael Widmer, an analyst at BNP Paribas SA in London, said today in a report.

China’s stimulus plan will boost copper demand 6.2 percent this year, and spending in the U.S. will increase use of the metal by 4.1 percent, Widmer said.

Copper’s gains accelerated after a report showed that the number of Americans who signed contracts in December to buy previously owned homes increased from the prior month for the first time since August.

“The home number today really helped kick the price higher,” said Donald Selkin, the chief market strategist at National Securities Corp. in New York.

The index of pending home resales climbed 6.3 percent to 87.7, according to the National Association of Realtors, an industry group. Builders are the biggest users of copper.

“We still need to see some more signs of economic recovery before copper can move out of its trading range,” Selkin said.

The metal will trade from $1.30 to $1.60 until more evidence of demand emerges, Selkin said. Copper tumbled 54 percent last year as the global economy tilted into a recession.

On the London Metal Exchange, copper for delivery in three months jumped $198, or 6.2 percent, to $3,373 a metric ton ($1.53 a pound). The price reached a record $8,940 on July 2.

To contact the reporter on this story: Millie Munshi in New York at [e-mail]

Last Updated: February 3, 2009 14:31 EST


http://www.bloomberg.com/apps/news?pid=20601012&refer=commod…

[Extrabreit]

FTD: Kupfertitan sieht lange Rohstoffbaisse
04.02.2009 - 11:03

Der Hedge-Fonds Red Kite ist einer der größten Akteure auf dem Markt für Industriemetalle und chronisch verschwiegen. Jetzt gab der Gründer eines seiner seltenen Interviews. Der Tenor: Die Rohstoffpreise bleiben für Jahre niedrig.
Werbung

Dem Rohstoffmarkt könnten einem der wichtigsten Marktteilnehmer zufolge "sieben dünne Jahre" bevorstehen. Laut Michael Farmer, Gründer des Hegde-Fonds Red Kite, werden die Preise über eine lange Zeit auf tiefen Niveaus verharren. "Wenn wir davon ausgehen, dass die Rezession eine Weile andauern wird, werden die Rohstoffpreise fünf, sechs, vielleicht sogar sieben Jahre niedrig bleiben", sagte Farmer der Financial Times


Die Aussagen Farmers finden in der Rohstoffwelt große Beachtung. Red Kite ist einer der größten Spieler auf dem Kupfermarkt. Farmer und Mitgründer David Lilley haben jeweils rund 30 Jahre Erfahrung im Handel von Industriemetallen. Die beiden stenggläubigen Christen werden wegen ihres großen Einflusses auch "God Squad" ("Gottesschwadron") genannt. Farmer arbeitete jahrelang für die deutsche Metallgesellschaft, einst der größe Kupferhändler der Welt.

Rohstoffbestände auf hohen Niveaus

Der gesamte Rohstoffmarkt geriet im Zuge der Kreditkrise unter Druck: Rohöl verbilligte sich von einem Rekordhoch von mehr als 147 $ im Juli auf inzwischen rund 40 $. Auch Industriemetalle wie Kupfer und Aluminium notierten auf niedrigen Niveaus - nicht zuletzt, weil die Lagerbestände anschwollen. In den Lagerhäusern der Londoner Metallbörse LME stapeln sich inzwischen rund eine halbe Million Tonnen Kupfer, das ist soviel wie seit Ende 2003 nicht mehr. Bei Aluminium sind es sogar 2,84 Millionen Tonnen
- ein Rekord. Der Reuters/Jefferies-CRB-Rohstoffindex verlor seit Juli 54,2 Prozent seines Werts.

Farmers Markteinschätzung hat sich grundlegend gewandelt. Noch vor einem Jahr sagte er, dass die Welt wegen der neuen industriellen Revolution Rohstoffe höher wertschätzen müsste. Seine aktuellen Kommentare sind dagegen pessimistisch: "Wir sind vom Boom in die Baisse gerutscht. Das wird eine Zeit lang so bleiben", sagte Farmer, der aber auch mit einer geringen Volatilität bei Metallpreisen rechnet.

2008 erzielte Red Kite eine Rendite von 20 Prozent. Für Farmer und Lilley ist das ein einträgliches Geschäft. Im Geschäftsjahr, das im März 2007 endete, verdienten die Red-Kite-Partner bis zu knapp 35 Mio. Pfund. Das geht aus Meldung an das britische Register Companies House hervor.

Autor/Autoren: James Mackintosh und Javier Blas (London)

[Videomart]

Macquarie Capital Markets Canada Ltd. heute größter Käufer, insgesamt über 100Tsd Shares.
Macquarie ist auch die Gesellschaft, die im Januar folgende Empfehlung herausgab:



Analyst Research Report Snapshot

title: Mercator Minerals Ltd. - Flexibility - at a price!

price: £13.00
provider: Macquarie Capital Markets Canada
file info: Available for Immediate Download date: 09 Jan 2009 pages: 8 type: AcrobatPDF
companies referenced: ML.TO
summary: George Albino [phone] [e-mail] John Graham [phone] [e-mail] Matthew Sheppard [phone] [e-mail]

Mercator Minerals Ltd.,ML CN
CANADA 9 January 2009

Outperform Volatility index: Very High
Stock price as of 9 Jan 09: C$ 0.85
12-month target: C$ 3.25
12-month TSR: % 282
Valuation: $ 2.87 - DCF (NAV10% GICS sector Materials
Market cap: C$m 109.6
30-day avg turnover: C$m 0.8
Number shares on issue: m 93.2

Flexibility – at a price! (All figures in USD unless otherwise noted)
Event * Mercator announced a C$20m bought deal financing in which the company sold 28.6m units at a price of C$0.70/unit. Each unit consists of a common share and a half share purchase warrant with a four-year term and a strike of C$1.00/sh. * An over-allotment option allows for the sale of another 4.3m, which would yield a further C$3m. * Proceeds from the offering are expected to be used for capital expenditures for the development of the Mineral Park mine and for general working capital purposes. Impact * Mainly positive – the funds will provide Mercator flexibility as it completes commissioning of the 25,000 tpd Phase 1 mill and construction of Phase 2 (taking throughput to 50,000 tpd). * Including the warrants, Mercator could end up issuing more than 50m shares, resulting in significant dilution relative to the current 74.1m shares outstanding. * With financial flexibility secured, focus will shift to delivering against debt covenants – outstanding debt covenants include a 1x EBITDA:interest coverage ratio, implying quarterly EBITDA of about $3.5m by June 2009. * This is an attainable run-rate, but any significant challenges with Phase 1 and 2 mill commissioning might restrict Mercator’s ability to achieve and maintain quarterly coverage ratios and re-pay the $120m in outstanding debt in 2012. Earnings revision * Adjusting forecasts to include the financing, as well as some slight modifications to our Mineral Park model, our EPS and CFPS estimates for 2009–2011 decline by approximately 34% on average. Our new estimate for 2010 CFPS of $0.89 is 32% lower than our prior estimate of $1.32. Price catalyst * At flat $1.70/lb copper and $12.00/lb moly prices, we forecast average 2010–2012 CFPS of about $0.65 – employing a 4.5x P/CF multiple, we would calculate a valuation of approximately C$3.50/sh. * If we simply apply the dilutive impact of the issue to our previous target of C$5.05, we would calculate a valuation of approximately C$2.75/sh. Our new 12 month target of C$3.25 represents a blend between both scenarios. Action and recommendation * We maintain our Outperform rating for Mercator but are reducing our target to C$3.25 to reflect dilution from the unit offering. For a more detailed report please contact Macquarie Capital Markets Canada Ltd.
---------------------------------------
Important disclosures: The primary analyst for Mercator Minerals Ltd. has visited its material operations and development assets within the past year. The Research Distribution Policy of Macquarie Capital Markets Canada Ltd is to allow all clients that are entitled to have...


Quelle: https://commerce.uk.reuters.com/purchase/showReportDetail.do…

[Videomart]

China buys overseas copper for reserves
By Eadie Chen and Alfred Cang
Reuters
Wednesday, February 4, 2009

BEIJING/SHANGHAI - China has started buying copper from domestic bonded warehouses and overseas markets as a move to gradually triple its state reserves to about 1 million tonnes, trade sources familiar with the situation said on Wednesday.

The country's State Reserves Bureau (SRB) holds about 300,000 tonnes in copper stockpiles, the sources said. It has taken advantage of the slump in commodity prices to add to reserves of resources such as crops, metals and oil, but had not been seen in the copper market during the recent downturn.

One of the sources said the SRB could target 1 million tonnes in total, reinforcing remarks by a copper smelter source who told Reuters in December that the SRB could buy at least 700,000 tonnes of the metal, more than two months' of China's output.

"The buying is being done very quietly and not in one big go. It is from multi-channel suppliers such as domestic bonded warehouses and imports," the source, who asked not to be identified due to the sensitive topic, told Reuters. "They are doing it drop by drop to avoid sharp price fluctuations," the source said.

The sources did not provide a timeframe on the copper reserve plan. Details of China's commodities reserve stockpiles are confidential.

International copper prices jumped 1 percent to $3,384 a tonne following the Reuters news, having gained 10 percent so far this year after more than halving in 2008.

Copper inventories in a major SRB warehouse in Shanghai increased by about 10,000 tonnes last week, when the whole country was celebrating the Lunar New Year and financial markets were closed, two sources said.

The move was partly due to limited inventories available from Chinese domestic copper smelters, the sources said, in line with a comment by an executive at the country's top smelter in January.

China's imports of refined copper could return to record levels in January after hitting an all-time monthly high in December, seen as a result of possible buying by the state reserve body and higher Chinese prices, analysts said.

"The market talk is that we will see relatively large import figures for January copper imports as there is a possibility that the government was planning to purchase and will do so soon," said analyst Li Xun at Dalu Futures in Shanghai.


http://www.midasletter.com/news/09020402_China-buys-overseas…

[Videomart]

MERCATOR MINERALS LTD (ML-T)
Analyse
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&…

[Videomart]

Copper Resumes Advance in London on Outlook for Growth in China

By Claudia Carpenter

Feb. 6 (Bloomberg) -- Copper and aluminum rose in London, resuming this week’s climb, on speculation government spending in China will speed growth and revive demand. Both metals pared gains after a report showed the U.S. lost more jobs.

Gross domestic product in China probably will expand at an annual rate of 12 percent in the current quarter after shrinking by 2.3 percent in the fourth quarter, Deutsche Bank AG forecast today in a report. A second monthly gain by an index of Chinese manufacturing in January has helped copper to climb 11 percent this week and aluminum to add 8.2 percent.

There is “increased optimism over the condition of Chinese industrial demand,” Joel Crane, an analyst at Deutsche Bank in New York, wrote in the report. “Monetary and fiscal stimulus, coupled with inventory restocking, is prompting a temporary growth recovery in China this quarter.”

Copper for delivery in three months climbed $170, or 5.1 percent, to $3,500 a metric ton at 1:55 p.m. on the London Metal Exchange after adding as much as 6.5 percent earlier. Aluminum gained $27, or 1.9 percent, to $1,460 a ton, paring an advance of as much as 3.1 percent. Both metals fell yesterday after rising in the prior three sessions.

Prices for copper are likely to rebound on demand from Asia, said Zambian Vice President George Kunda at a mining conference in Livingston, Zambia.

U.S. companies cut 598,000 jobs in January, the Labor Department in Washington said. Economists forecast a drop of 540,000 jobs, the median estimate in a Bloomberg News survey.

The three-month nickel contract rose $224, or 2 percent, to $11,674 a ton. Nickel, used in stainless steel, has dropped 57 percent in the past year. Posco, Asia’s biggest stainless-steel maker, cut prices as much as 14 percent this month to reflect lower raw-material costs and spur demand.

Lead increased $26, or 2.3 percent, to $1,171 a ton, and zinc gained $16, or 1.4 percent, to $1,159 a ton. Tin rose $365, or 3.4 percent, to $11,170 a ton.


http://www.bloomberg.com/apps/news?pid=20601012&refer=commod…

[Videomart]

Copper Soars Most in 3 Months on Speculation Demand May Rebound

By Millie Munshi

Feb. 6 (Bloomberg) -- Copper prices jumped the most in three months on speculation that government spending plans worldwide will revive growth and boost demand for the metal.

Urged on by President Barack Obama, the U.S. Senate may vote as soon as today on an economic stimulus package valued at more than $900 billion. China, the world’s biggest copper user, started investing the second allocation of funds from its 4 trillion yuan ($585 billion) stimulus plan, Xinhua News Agency said on Feb. 3.

“Metals may be discounting an imminent passage of the stimulus bill by the Senate,” Edward Meir, a Darien, Connecticut-based MF Global Ltd. analyst, said today in a report. “Perceptions are jelling that copper imports will remain strong” this month in China as government spending rises, he said.

Copper futures for March delivery soared 12.85 cents, or 8.6 percent, to $1.6285 a pound on the New York Mercantile Exchange’s Comex division. That marked the biggest gain for a most-active contract since Dec. 8. The price earlier touched $1.6345, the highest since Dec. 1.

The metal jumped 11 percent this week. That’s the biggest weekly advance since Jan. 2. Copper is up 15 percent this year.

“People are excited about the stimulus plan” and that’s helping copper prices, said Patrick Chidley, an analyst at Barnard Jacobs Mellet in Stamford, Connecticut.

China’s economic plan will boost copper demand 6.2 percent this year, and spending in the U.S. will increase use of the metal by 4.1 percent, BNP Paribas SA forecast.

Manufacturing Stabilizing

Copper also climbed this week on speculation that manufacturing may be stabilizing. China’s Purchasing Manager’s Index rose in January from the previous month, a report showed this week. A gauge of U.S. manufacturing also advanced last month from December, the Institute for Supply Management said on Feb. 4.

“This week’s sharp rally in copper prices is in part explained by increased optimism over the condition of Chinese industrial demand,” analysts at Deutsche Bank AG including Joel Crane in New York said today in a report.

Still, the gains may not be sustainable as traders are buying the metal on “overly ambitious demand expectations,” Deutsche Bank said.

The U.S. unemployment rate climbed to 7.6 percent last month, the highest since September 1992, the Labor Department said today. Non-farm payrolls shrank by 598,000 jobs, the most eliminated in a month since December 1974. Copper plunged 54 percent last year as the global recession slashed consumption.

Deteriorating Demand

“All indicators suggest global demand growth for copper had rapidly deteriorated,” Deutsche Bank said.

The metal will average $1.275 a pound this year as supplies top demand by 920,000 metric tons, the bank estimates. That compares with an average of about $3.12 in 2008.

On the London Metal Exchange, copper for delivery in three months rose $210, or 6.3 percent, to $3,540 a metric ton ($1.61 a pound). The price reached a record $8,940 in July.


http://www.bloomberg.com/apps/news?pid=20601012&refer=commod…

[Videomart]

6 Feb 2009
"Molybdenum trioxide prices have edged down to $ 9-9.20/lb."

Quelle:
www.metal-pages.com/news/story/37540/

[Videomart]

Normal Business Cycles

By Victor Goncalves
Feb 4 2009 9:06AM

www.enereport.com

It becomes hard to remember the days when copper prices were below 2 dollars, let alone below 1 dollar, but those days are back. There were many saying that copper, zinc and other base metals would simply keep moving up in the euphoric rally of 2005-07. With that in the recent memory bank, it is now time to start thinking about what will happen with base metals. Are they an investment of the past? Will we see 25 cent zinc and 60 cent copper? Or will we charge ahead on another bull run? The answers to those questions are fairly simple, especially if you believe in a normal business cycle of free markets.



What this normal cycle would suggest is that there is a fundamental long term equilibrium that everything has, be it the metals market or your body temperature. What happens when there is a fever in your body? Well, lots, the internal defense systems kick into high gear to produce more antibodies as the body did not have enough in stock to fight the invasion of the infection. So the body will produce a massive amount of antibodies, far more than needed. After that, the body is in very good shape for some time after until the antibody count gets too low again.

This can be applied to any market, including the metals market. When there is “normal” demand, there is a rate of supply to the market, and prices settle at a fair level. This level is said to be where businesses make no economic profit, that is, enough to pay the bills and have a small amount left over, no real reason for anyone else to enter the business. If demand starts to increase, then the price goes up, because meeting supply is a long term goal. There are inventories to draw down on, but that doesn’t typically last long. To bring in more supply to the system is a multi-year commitment of finding new ore bodies, or re-commissioning old ones, as well as building new processing facilities for the extra capacity, which could take years. Due to the increase in demand and tight supply, prices start to run up. In the mean time, opportunistic people see the better than economic gains in the sector and start up their own businesses. As it is a slow process to bring on new supply, the price stays up for quite some time. Even as many new entrants to the market come in, few of those add to the supply. After several years, some deposits start to produce and this increases the supply. Also, the particular economic event that used more base metals than usual may have ended. So now what we have is several supply sources coming on stream and a lower demand. At that point stock piles go up and the price of the metals come down. As these metals prices come down, so does the amount of participants in this market because economic profits are reduced to or near zero.

This is the point of the business cycle we are in. It is nothing that is out of the norm, it is just not pleasant. Going forward, what is going to happen is the price of these metals will keep coming down as more supply hits the market and more buyers leave the market. At that point prices will return to their long term average price or go below that if there is a prolonged economic downturn.

As we have had a build up in inventories, in the case of copper as much as 8 fold from the bottom, there are a lot of inventories to use up before prices start to move again. Even with an 8 fold increase of inventories, that number is still only half of the one million tons of inventories that were stock piled in the late 90’s and turn of the millennium. That would explain why the price of base metals where at half of where they are now.

With the new economic stimulus package introduced by the US government we could see some of the current inventories be consumed and prices stabilize at or above long term prices. For copper, that could be anywhere between $1.60 and the 2 dollar range. There is over 3 trillion dollars of infrastructure spending needed if the infrastructure is to be restored to proper shape. It is not likely that the full amount will be entertained at the present time, but even 25% of that budget will have a positive impact on base metals prices for several years.

If infrastructure spending in the US does not pick up, then we could see copper at closer to 1 dollar a pound. That being said, even at 1 dollar a pound there are several very robust projects on the market that are trading at a significant discount.

Once the world economy sorts itself out and the BRIC nations start growing again, we should see base metals enter into another rally, which like all rallies, will be reasonably short.

Victor Goncalves


http://www.kitco.com/ind/Goncalves/images/feb042009_1.jpg

[Videomart]

Blackmont Capital Inc.
Equity Research:
MERCATOR MINERALS LTD
ML_TSX C$0,58
Target Price C$3,05
http://supplytracking.com/mercatorminerals3bucks.pdf

[Martin12345]

Antwort auf Beitrag Nr.: 36.545.130 von Videomart am 09.02.09 21:52:47

Und trotzdem wieder extrem schwach.

Grüße
Martin

[Videomart]

Antwort auf Beitrag Nr.: 36.545.195 von Martin12345 am 09.02.09 22:01:45

So ist das nun mal bei Firmen mit dicker Schuldenbelastung.
Wer Cash satt hat, kann da trotz schwachen Kupferpreisen ganz anders auftrumpfen, wie z.B. Quadra Mining...
http://bigcharts.marketwatch.com/quickchart/quickchart.asp…

[Videomart]

Antwort auf Beitrag Nr.: 36.545.317 von Videomart am 09.02.09 22:17:51

...außer natürlich, wenn der CU-Preis wieder einbricht, wie nach dem neuesten Banken-Kursrutsch wieder geschehen...

[Sharedealer]

Antwort auf Beitrag Nr.: 36.555.352 von Videomart am 11.02.09 10:09:42

Aber auf der anderen Seite ist bei dem Niveau aus ein weiterer
Einbruch meiner Meinung nach nicht von langer Dauer, denn viele
decken sich auch jetzt allmählich mit billigem Kupfer ein.
Und die Herabstufung (was ja immer noch 500 % wären von diesen
Kursen aus) auf 3 Cad ist "nur" wegen der Rohstoffpreise.
Sollten wir irgendwann mal wieder höhere Preise sehen, dann
wäre Mercator eine Rakete, die zündet. (Wenn die bis dahin eben
nicht pleite sind). Naja man hofft halt ...

[Videomart]

Antwort auf Beitrag Nr.: 36.555.464 von Sharedealer am 11.02.09 10:23:16

Leider steigen die Lagerbestände immer noch weiter, wenn auch langsamer.
Woher soll bei diesem Überschuß an Kupfer eine nachhaltige Preisteigerung kommen?
Ich denke, die meisten Anleger werden weiterhin auf fallende Kurse setzen ..

[Sharedealer]

Antwort auf Beitrag Nr.: 36.559.269 von Videomart am 11.02.09 17:17:20

Leider sind Deine Argumente überzeugender :-(
Aber wenn man Zeit mitbringt, kann es noch
nen gutes Invest werden. (Hängt natürlich an
den jeweiligen Einstiegskursen)

[Videomart]

Molybdenum Oxide
Ryan's Notes Average: US$9.15/lb
As of Feb 10, 2009

[Martin12345]

Antwort auf Beitrag Nr.: 36.560.496 von Videomart am 11.02.09 19:45:37

Ich habe kein gutes Gefühl mehr. Unter 0,48 Cad werd ich schmeißen.
Es ist keine Stärke im Chart erkennbar und Mercator lässt alle weiterhin im Dunkeln stehen.

Grüße
Martin

[Videomart]

Mining companies just waiting for market to turn

Published: February 11, 2009 5:00 AM

Despite increasingly gloomy forecasts, the mining economy in Northwest B.C. is still active.

Commodity prices are falling, but the mineral riches in the region are going to be insurance for years to come. Prices are unpredictable and might soon be on the rebound, people in the industry say.

“Moly prices will come back,” said Eugene Beukman, president of Bard Ventures, who are currently exploring the Lone Pine property west of Houston. “It’s going to be a little tough for the next few months but it will turn for sure.”

Although the demand for molybdenum may be low, the supply is starting to increase. Bard Ventures recently reported finding a generous amount of the mineral — 200 million pounds worth — at the Lone Pine property.

Economic slumps like this call for a tightening of the belt, Beukman adds, but aren’t a reason for panic. “We have to be fiscally very responsible. We’re really looking for how to get the best bang for the buck.”

Bard Ventures saves money because they don’t have their own drilling program, Beukman notes. “Drilling a hole could cost $50,000.”

“We’ll make use of independent contractors.

On the other hand, Thompson Creek Metals is cutting back on all fronts.

In a Jan. 27 press release, the company announced they would reduce their production of molybdenum to 20 to 24 million pounds, down from a previous target of 31.5 to 34 million pounds.

They also said they were planning a temporary shutdown in the summer for “about a month” at the Endako mine.

“There are others things that we’re working on,” said Wayne Chevaldayoff, Director of Investor Relations at Thompson Creek, but stressed the company would only announce them “when we have a decision.”

The company has already announced a halt at the Smithers Davidson Project on Hudson Bay Mountain.

Duncastle Gold Corp, meanwhile, announced substantial findings of silver, copper and zinc at their Porphyry Creek project. The price of silver has fallen over the past year or so, but is now holding steady. And gold, the company’s mainstay is doing quite well in the markets holding near the $900 US mark. Not surprisingly, in the past three months, the company’s stock has been climbing.

Rob Boyce, Vice President of the Smithers Exploration Group, said that the current market fluctuation is bad for business, but recalls that the mining and exploration industries have weathered crises of the same sort in previous decades.

“The early 1980s and 1990s were similar but not as sharp of a drop. So I think it’s worse.”

However, Boyce said it’s too early to pass judgment. In his estimation, the market will become more favourable in the coming months “I think 2009 is going to be a difficult year and it will gradually improve late in the year. “

“Basically, commodity prices will rise.”

Prediction is a difficult game, he adds. Market fluctuations or new innovations can change things dramatically.

Generally speaking, the industry gets a boost with “higher demand for [their] product or a new technology that allows them to process it less expensively.”

B.C. has a very rich resource base, he added, and old mines can even be brought out of hibernation.

“There’s a number of mines that have been operated in the early part of the century that have sat dormant and then have been reopened.”

Bulkley Valley-Stikine MLA Dennis Mckay said he’s “somewhat optimistic that [the economic slowdown] is not going to impact the mining industry as dramatically as some people are forecasting.”

“The fact that we’re in a bit of an economic tailspin globally does not lessen the demand for the products that come from the mining industry.”

http://www.bclocalnews.com/bc_north/houston-today/news/39383…

[Videomart]

Antwort auf Beitrag Nr.: 36.561.465 von Martin12345 am 11.02.09 21:45:24

Kupfer seit gestern um 2,5% gefallen, da war wohl nicht mehr zu erwarten...

[Martin12345]

Antwort auf Beitrag Nr.: 36.561.871 von Videomart am 11.02.09 22:51:37

Der Verkaufsdruck wird einfach nicht weniger und somit bin ich auch heute raus.

Viel Glück allen Investierten.

Grüße
Martin

[Videomart]

Riesige Bargeldreserven: Die Elefanten des Bergbaus sind die Banken von Morgen!

Firmen wie Anglo American, BHP oder Rio Tinto haben riesige Bargeldpools angehäuft die es nun gilt gezielt einzusetzen. Am Rande der größten Bergbaukonferenz Afrikas, der INDABA in Kapstadt, sagte Mark Tyler, Direktor für Bergbau und Ressourcen der Nedbank, dass vor dem Platzen der Finanzblase ca. 50% der Minenprojekte durch Fremdkapital, also die Aufnahme von Schulden, finanziert wurde. Diese Quellen der Banken sind nun komplett versiegt. Jedoch kann man nicht die Exploration von heute auf morgen einstellen, da wir ansonsten in die nächste Krise, nämlich eine Rohstoffkrise schlittern würden. Diese wäre dann umso schlimmer, denn dann würden die Rohstoffpreise in solche Höhen schießen, dass eine wirtschaftliche Produktion von Gütern wie Autos, Maschinen und vielem mehr nicht mehr darstellbar wäre.

Aber denken wir doch mal um die Ecke. Großkonzerne im Bergbau wie die oben genannten verfolgen langfristige Strategien und lassen sich nicht von kurzfristigen Marktschwankungen aus der Ruhe bringen. Deshalb rechnen sie auch mit sehr tiefen Durchschnittskursen ihre Projekte durch. Beispielsweise muss ein Goldprojekt, das heute in Angriff genommen wird, ein belastbares ökonomisches Modell von ca. 750 USD pro Unze Gold aufweisen.

Die oben beschrieben Finanzierungsproblematik könnte sich im Nachhinein als Glücksfall für die Großen der Branche entpuppen. Auf den heute drastisch eingebrochenen Kursen kann man auf Einkaufstour gehen wie zu besten kombinierten Sommer- und Winterschlussverkaufszeiten zusammen. Viele Unternehmen haben bis zu 90% ihres Kurswertes eingebüßt und sind entsprechend günstig zu haben. Mark Tyler führt hierzu aus: „Die Vorteile in der Bereitstellung von Kapital für die Juniorbranche werden sich in guten Ertragsrückflüssen zeigen, der Möglichkeit Metallvorkommen zu tiefen Kosten zu akquirieren sowie die Fähigkeit Bewertungshebel zu ermöglichen und man muss nicht einmal im Management der Unternehmung sitzen.“

Gleichzeitig können solche Beteiligungen ein Katalysator für den Aktienkurs des Unternehmens werden das finanziert wird, denn wenn sich ein „Elefant“ an einer „Maus“ beteiligt, dann hat das immer einen triftigen Hintergrund! Profitieren kann man hier auf beiden Wegen. Zum einen mit Elefanten-Aktien der Branchengrößen wie Agnico-Eagle, BHP, Goldcorp, Newcrest Mining, Silver Wheaton und viele andere mehr. Auf der anderen Seite kommen aber genau die gefallenen Engel (Mäuseaktien) in Betracht die der Markt einfach nur verdroschen hat, ohne genau hinzusehen. Firmen wie Endeavour Silver, Largo Resources, Freegold Ventures, Tiger Resources, Monument Mining, Nova Gold, Commerce Resources und viele viele mehr.

Man kommt sich vor wie im Jahre 2001 als einige Wenige mahnten in Gold und Rohstoffunternehmen zu investieren. Damals glaubte auch keiner dran und viele verpassten schöne Gewinne. 2009 gibt es nochmals eine Chance, auf den Zug nicht aufzuspringen sondern in Ruhe einzusteigen. Gerade die Erfahrungen der letzten Veranstaltungen in Vancouver und Kapstadt zeigen ein wieder erstarktes Interesse am gesamten Rohstoffbereich seitens der Privatanleger und den Institutionellen Investoren.

Autor: Werner Rehmet


http://rohstoffe.wallstreet-online.de/nachricht/2678825.html

[Martin12345]

Unglaublich, schon wieder fast 3 Mio. Stücke gehandelt. Entweder gibt es keine starken Hände mehr, oder es wird einfach nur mit der Aktie gespielt. Soetwas müsste mal untersucht werden.

Grüße
Martin

[MFC500]

Antwort auf Beitrag Nr.: 36.569.290 von Martin12345 am 12.02.09 21:26:02

Entweder gibt es keine starken Hände mehr, oder es wird einfach nur mit der Aktie gespielt.

Irgendjemand muß die Aktien aber auch gekauft haben...

[Martin12345]

Antwort auf Beitrag Nr.: 36.569.750 von MFC500 am 12.02.09 22:20:34

Vielleicht läuft ja der Handel von der linken in die rechte Tasche.
Könnte ich mir zumindest vorstellen.

Grüße
Martin

[Videomart]

Antwort auf Beitrag Nr.: 36.569.290 von Martin12345 am 12.02.09 21:26:02

Der Kurs trudelt durch die wechselnden Marktstimmungen hin und her, und der volatile Kupferpreis besorgt den Rest.
Ohne eindeutige Impulse in Richtung auf eine Erholung kann das Spiel hier noch lange so weitergehen.
Für schwache Nerven ist diese Aktie wahrhaftig nicht geeignet...

[Videomart]

China's Stimulus Plan Ignites Economy February 15, 2009

By Don Miller

China’s giant $585 billion (4 trillion yuan) economic stimulus package is showing signs of taking effect. Economists now project that China will be the likely leader of an elusive worldwide economic recovery.

Chinese banks heeded the government’s call to extend more credit to support the economy as they issued $237 billion (1.62 trillion yuan) in new loans in January, up a whopping 101% year-over-year, the People’s Bank of China said. The surge provides evidence that state-owned banks are heeding the government’s call to extend more credit to support the economy.

"The banks are fighting for the best projects in the government’s stimulus package,” Ha Jiming, chief economist of China International Capital Corp, told China Daily. "It’s not surprising to see that an array of the deals were sealed in the past month."

The massive jump in lending is equal to about one-third of the loans issued in all of 2008, prompting some economists to say the government might discontinue cutting interest rates.

"The bank lending figures are just a stunningly good piece of news for China," Glenn Maguire, chief Asian economist for Societe Generale in Hong Kong, told Reuters.

Now, it looks like the lending is spurring China’s turnaround. According to the median estimates of 14 economists in a survey released Friday by Bloomberg News, the world’s third-biggest economy will expand 6.6% in the second quarter after slowing to 6.3% in the first quarter.

That growth will accelerate to 7.2% for the full year, according to Wang Qian, an economist with JPMorgan Chase & Co. in Hong Kong. Stimulus spending will account for 3% of the total, she estimates.

"China looks set to be the first major economy to recover from the current global meltdown,” said Lu Ting, an economist with Merrill Lynch & Co. in Hong Kong, told Bloomberg Asia. "China is the only economy in the world to see significant growth in credit to corporate and household sectors after September 2008, when the financial crisis worsened to a near collapse.”

As Money Morning reported in its Outlook 2009 series, there is ample evidence that the stimulus will be large enough to assure China’s economy and markets will weather the storm and ultimately thrive in the year ahead.

The government announced the huge stimulus package on Nov. 9 to boost domestic demand and shore up investment. Though the central government will bear one-third of the cost, state-owned banks will play a critical role in financing the construction of bridges, railways and highways.

China is trying to recover from an economic slide that forced it to shed 20 million jobs, as exports dropped and the real estate market slumped. Spending on roads, railways and housing has increased prices for iron ore and other commodities, and helped drive the record number of new loans in January.

The lending multiplies the effect of the government’s spending in ways that wouldn’t be possible in the United States and Europe, where banks are burdened by toxic assets, Dwyfor Evans, a strategist with State Street Global Markets in Hong Kong, told Bloomberg.

Stimulus projects are evident throughout the country. The building of public houses in Shaanxi province and Shanghai began in December, while Shandong province started work on three new railway lines the same month.

"The economy is bottoming,” Tao Dong, chief Asia economist at Credit Suisse Group AG in Hong Kong, told Bloomberg.

Prices for China’s imported iron ore has climbed 28% since October. Hot-rolled steel has surged 41% and the Baltic Dry Index, or shipping costs for commodities, has more than doubled since Jan. 28.

"You are starting to see the underlying demand of the Chinese economy,” BHP Billiton Ltd. (BHP) Chief Executive Officer Marius Kloppers said Feb. 4. "We have seen in the steel business in China that the de-stocking cycle is almost complete and that means people are coming back into the market and buying.”

Even if the global recession lasts years, China has the ammunition to maintain growth, said Merrill Lynch’s Lu. It has public debt of only 18.5% of gross domestic product, foreign currency reserves of $1.95 trillion, and a balanced budget.

"China has perhaps the deepest pockets in the world,” Lu said. "It can relentlessly ramp up spending to create jobs and meet its growth target.”

Investors are also showing a renewed interest. Stock volumes on Feb. 11 were the highest in at least three years. The Shanghai Composite Index of stocks has climbed about 36% from November’s lows on optimism that government spending will bolster corporate earnings.

http://seekingalpha.com/article/120686-china-s-stimulus-plan…

[Martin12345]

Ich habe anscheinend keinen Stress mit dem Wiedereinstieg. Diese Schwäche die Mercator an den Tag legt, ist schon enorm. Fast jeden Tag im Minus.

Grüße
Martin

[Videomart]

Antwort auf Beitrag Nr.: 36.604.815 von Martin12345 am 18.02.09 17:27:50

Solange Du einen Wiedereinstieg planst, muß die Aktie doch noch irgendwie interessant sein, oder...?

(Schau Dir zum Vergleich mal TCM an, ein quasi schuldenfreier Laden!)

[Sharedealer]

Antwort auf Beitrag Nr.: 36.606.831 von Videomart am 18.02.09 21:29:53

Denke auch, es hängt halt alles an den Rohstoffpreisen.
Mercator kann nix für die Preise. Kann Martin verstehen,
dass er raus ist, hängt ja auch an seinem EK. Eventuell
hat er noch nicht viel Verlust gehabt.

[Martin12345]

Antwort auf Beitrag Nr.: 36.606.831 von Videomart am 18.02.09 21:29:53

Ich interessiere mich schon sehr für Mercator und möchte einfach wissen wie es derzeit operativ läuft. Ich habe das Management schon einige male angeschrieben, jedoch nie eine Antwort erhalten. Ein positives Update seitens des Unternehmens würde dem Kurs garantiert auf die Sprünge helfen. Warum kommt aber keins? Sieht es vielleicht gar nicht so positiv aus?

Solange keine relative Stärke erkennbar ist, steig ich sicher nicht mehr ein. Quadra hält sich im Vergleich tapfer und bildet einen Boden aus. Mercator fällt jeden Tag weiter.

Grüße
Martin

[Martin12345]

Zum Schluss natürlich noch ein neues Tagestief. Die Einzigen die hier gut verdienen sind wohl Shorter. Wie sehen eigentlich die Shortstände aus?

Grüße
Martin

[Videomart]

Antwort auf Beitrag Nr.: 36.607.058 von Martin12345 am 18.02.09 21:54:42

Quadra ist wie TCM schuldenfrei und hat dazu noch ein fettes Cashpolster. Diese Stärke ist in der aktuellen, katastrophalen Marktphase natürlich absolut gefragt und sichert das Überleben der Firma ab.
Bei Mercator ist das schon etwas anders:
Hier steht die Sache "auf Messers Schneide", und zwar umso schlimmer, falls der Markt weiter nachgeben sollte.
Auf der anderen Seite sind die Chancen aber auch immens größer!

Schau'n mer mal...

[Martin12345]

Diejenigen die bei der Kapitalerhöhung mitgemacht haben, können einem leid tun.
Nach nur einigen Wochen bereits fast -40%

[Videomart]

Market price of Moly oxide in Q4 fallen steeply
18 Feb, 2009

It is reported that the market price of molybdenum oxide in the fourth quarter of 2008 had suddenly fallen steeply from USD 30 per pound of Mo at the end September of 2008 to USD 8.75 per pound of Mo at the end December of the same year, having broken the level of USD 10.

According to the settlement of accounts for October to December 2008 quarter, released in last week by Freeport McMoRan Copper & Gold Inc of the USA, the reason for this sharp price fall of molybdenum oxide was due to a sudden and considerable shrink of the world demand for molybdenum.

According to the survey by CRU, the quantities of molybdenum consumed and supplied in the world for the calendar year of 2007 were consumption at 453.9 million pounds, supply at 456.6 million pounds and balance at oversupply of 2.7 million pounds. Also, those in the first 9 months of 2008 were consumption at 353.2 million pounds, supply at 358.4 million pounds and balance at oversupply of 5.2 million pounds.

Accordingly, the market price of molybdenum oxide in the world throughout the calendar year of 2008 moved on USD 34.0 as a higher side and USD 8.75 as a lower side. Also, those in October to December quarter of 2008 were USD 30 as a higher side and USD 8.75 as a lower side, having recorded a considerable fall of more than 70% from the higher level.

(Sourced from TEX Report Limited)

http://steelprices-middleeast.com/news/index/2009/02/18/NjQx…

[Sharedealer]

Antwort auf Beitrag Nr.: 36.607.220 von Videomart am 18.02.09 22:13:44

Ist "aufs Messers Schneide" nicht etwas übertrieben, so ein Jahr
kann Mercator doch noch durchhalten und meinst Du nicht bis dahin
erholen sich die Märkte wieder ?

[Sharedealer]

Naja bei 0,55 Euro Cent nicht ausgestiegen zu sein, war mal wieder
ein schwerer Fehler, Börse ist halt nur noch ne böse Zockerei.
Wenn Mercator pleite geht, dann wars das für mich mit Börse, bin zu tief drin. Meine Hoffnungb schwindet von Tag zu Tag, beneide
Martin, der den Absprung geschafft hat. Man muss halt konsequent
sein.

[Videomart]

Antwort auf Beitrag Nr.: 36.607.486 von Sharedealer am 18.02.09 22:55:34

Ist "aufs Messers Schneide" nicht etwas übertrieben?

Ich ahnte, daß ich darauf angesprochen werden würde!

Meine Antwort lautet:
Ich bin kein Pusher und möchte niemanden in dieses risikobehaftete Investment drängen.
Gleichwohl bin ich persönlich hier investiert und hoffe auf Besserung der Marktlage gegen Ende dieses Jahres...

[Videomart]

Antwort auf Beitrag Nr.: 36.607.533 von Sharedealer am 18.02.09 23:07:36

Wie ernst die Lage z.B. beim Molypreis ist, zeigt der folgende Artikelauszug:


Indian ferro-molybdenum stable, moly oxide tumbles
18 Feb 2009
Indian ferro-molybdenum market remains stable with prices keeping steady at around INR 1250- 1350 per kg ($25-27/kg) for ferro-molybdenum 60% in the Indian domestic market. A converter in India who has a conversion capacity of 30 tonnes per month said he saw slow demand in the past week.
However he said that not much raw material is available in the market.
He purchased moly oxide at around INR 450 per lb ($9/lb) of moly about 20 days ago, and received a new offer of INR 435/ lb ($8.71/lb) CIF Nhavasheva 4 days ago.
Another market source received an offer at INR 440 per lb for molyoxide early last week, but didn’t conclude the deal expecting the price to move down further.
According to him, moly oxide prices should stabilise at around INR 420 per lb ($8.39/lb), and any price below that would be temporary phenomenon.
...

Quelle:
www.metal-pages.com/news/story/37779/

[Videomart]

Molybdenum Oxide
Ryan's Notes Average: US$9.00/lb
As of Feb 17, 2009

[Martin12345]

Unglaublich! Es geht immer weiter runter, während Kupfer und zahlreiche Minenwerte sogar im Plus sind.

[Videomart]

Antwort auf Beitrag Nr.: 36.613.016 von Martin12345 am 19.02.09 17:19:11

Sieht nach "Stop-Loss-Fishing" aus!
Gut, daß ich das extrem hohe Risiko bei dieser Aktie gestern nochmal erwähnt habe...

[Martin12345]

Ich steig morgen mit ein bißchen Spielgeld wieder ein. Es ist zwar riskant, aber andererseits habe ich irgendwie das Gefühl, dass die Spielchen langsam vorbei sein könnten.

Grüße
Martin

[Videomart]

Molybdenum Oxide Price
As of February 19, 2009 - US$ 8.70
http://www.rocamines.com/s/Home.asp

[Videomart]

MARKET DEFICITS IN 2010 AND 2011
Will copper recover sooner than people think?
A review of what is happening in copper supply suggests that losses in output through closures and project abandonments may be sufficient to turn the market round quicker than many analysts would seem to contemplate.
Author: Chris Welch
Posted: Tuesday , 17 Feb 2009
http://www.mineweb.co.za/mineweb/view/mineweb/en/page36?oid=…

[Videomart]

Saturday, 21 Feb 2009
Chile increasing commitment to Asian moly market

Platts reported that molybdenum oxide and ferromolybdenum producers in South America are increasing warehouse facilities in Asia to cope with China's import demand, stirring market talk that these producers may be making long term commitments to the Asian market.

The stocks facilities are believed to be set up this year, as Japanese and South Korean customs data showed no Moly imports from these locations last year. There is believed to be a storage point in Singapore, as there were deals closed on an in warehouse Singapore basis in the past two months. More than 1,000 tonnes of oxide was sold on an in warehouse Singapore basis to Asian traders, which is likely to be shipped to China.

The producer was offering a ferromoly long-term contract to the South Korean consumer. Sources close to the matter said it was not yet clear whether the producer had its own distribution base in Taiwan, or had a new partner there. This may be a sign that the Chilean producer is aiming for a permanent residence in the Asian market, taking away market shares of local players, some pointed out.

South Korean steelmakers call for buy tenders frequently, almost on a monthly basis. Chilean producers have not participated in these tenders so far due to longer shipment time required, compared with Asian suppliers.

Some also wondered whether the Chilean producers aim to sign long-term supply contracts with Chinese consumers or whether the Singapore and Taiwan bases are just temporary arrangements. If the arbitrage spread fueling exports to China disappears, the Chileans may pull out of Asia.

(Sourced from www.platts.com)


http://steelguru.com/news/index/2009/02/21/ODM0OTg%3D/Chile_…

[Videomart]

Molybdenum prices seen at $11/lb in '09-Cochilco
Mon Feb 23, 2009 8:35am EST

SANTIAGO, Feb 23 (Reuters) - The Chilean government copper commission Cochilco said on Monday it saw prices for molybdenum, the metal used to add strength and shine to specialty steels, at $11 per pound in 2009, down from $30/lb for most of last year.

Prices for molybdenum crashed with other base metals in late 2008, hit by a demand slump amid global economic crisis.

Cochilco said in a report it saw global molybdenum output down 1.6 percent this year as demand falls 0.9 percent, leading to a likely surplus of 284 metric tonnes.

"This would mean molybdenum prices will fluctuate between $9- and $14 per pound, with an average of about $11 per pound for the year," Cochilco said in a report.

The report said that in 2008 the molybdenum market ended with a surplus of 1,700 metric tonnes.

"With respect to Chile, after a fall of 25 percent in production in 2008 versus 2007, there will be a recovery, with output reaching 40,000 tonnes in 2009, or 19 percent more than last year," Cochilco said.

The rise will come amid higher output at several divisions of Codelco, the world's second-largest producer of the metal, and the Pelambres, Sur Andes and Collahuasi mines, where molybdenum is produced as a by-product.

The top global producer of molybdenum is U.S. miner Freeport-McMoRan Copper & Gold Inc (FCX.N). (Reporting by Pav Jordan; editing by Jim Marshall)


http://www.reuters.com/article/companyNews/idUSN234214362009…

[Videomart]

Will the stimulus jumpstart molybdenum?
Fri, Feb 20, 2009

By Leia Michele Toovey- Exclusive to Moly Investing News

After weeks of debate, on Tuesday, US president Barack Obama signed the stimulus bill. Many were hoping that this would have marked a momentous occasion, one in which the economic picture started to improve. In true nature of the recession thus far; the exact opposite of what was anticipated transpired. Shortly after the bill was signed, the Dow Jones declined nearly 300 points to finish close to its lowest level of the financial crisis. Fearful investors piled into safe-haven investments such as U.S. Treasuries and gold.

The steel sector has been deeply impacted by the global economic climate; with an approximate 50% decline in production. Moly, as an important alloy, is following suit. Miners around the globe have been on a fast track since H2 2008; adjusting their business plans to cope with the deepening recession.

Moly prices have fluctuated in the New Year, but have for the most part finished where they started. The market demand for molybdenum decreased during the Lunar New Year holiday, as purchase volumes from China were light. The price dropped; then steel mills started to strengthen their efforts to stock the products prior to the Spring Festival. The price jumped briefly but then stabilized back to New Year holiday levels.

Company News

This week Thompson Creek Metals sent out an update concerning its plans to reduce output and conserve cash. ”Thompson Creek has taken the necessary steps to adjust production and reduce costs and capital spending in response to the lower demand for molybdenum and generally unfavorable market conditions,” said Kevin Loughrey, Chairman and Chief Executive Officer.” The changes we have adopted, along with the Company’s substantial cash balances and low debt, put Thompson Creek in a better position to continue operating during the worldwide economic downturn. We intend to remain flexible and ready to adjust our production higher or lower if there are substantial changes in market conditions in the future.”

The Company announced on January 27, 2009 that its molybdenum production is expected to be 20 to 24 million pounds in 2009, down from previous guidance of 31.5 to 34 million pounds. The Company’s sales of molybdenum produced at its own mines are expected to be 20 to 24 million pounds in 2009. As previously announced, the Endako expansion project has been suspended until the molybdenum market improves. The Company’s cash balances were $258 million and outstanding debt was $17.3 million as at December 31, 2008. The company’s Cash balances as of February 16, 2009 were approximately $271 million, and outstanding debt is estimated to be $17.3 million.

The largest producer of molybdenum in Asia, China’s Jinduicheng Molybdenum Group Co, has seen its full-year net profit fall 13 percent year-on-year, in response to the falling molybdenum price. January-December net income fell to 2.75 billion Yuan ($402 million) in 2008 from 3.17 billion Yuan a year earlier.

Freeport McMoRan Copper & Gold expects its sales to slide 15% to 60 million lbs in 2009 from the 71 million lbs shipped in 2008. The new forecast is 25% lower than the 2009 estimate made last October, attributing the change to reduced-demand market conditions. In the fourth quarter of 2008, Freeport-McMoRan had consolidated molybdenum sales from the Henderson primary mine in Colorado and byproduct mines totaled 12 million lbs, 7 million lbs lower than the fourth quarter of 2007, primarily resulting from lower demand. Now, Freeport has revised annual production plans at Henderson for 2009 at a 25% reduction. In a statement, the company said “additional reductions at Henderson may be considered if market conditions warrant.” Freeport also has made adjustments to its molybdenum production plans at certain byproduct mines.

Peru is the world’s largest producer of silver and in the top five in gold, copper and zinc production. It also produces large amounts of minerals such as molybdenum and tin. The country has been hit hard by the recession; and financing for mining projects has dried up. Sociedad Minera Cerro Verde SAA just announced that it would suspend its molybdenum circuit, which produced 3 million pounds of molybdenum in 2008, due to poor market conditions. Base metals miner Southern Copper Corp. (PCU) said recently that its capital projects have been put on hold or dramatically reduced as a result of what it called the “drastic” reduction in metals prices and unsettled economic conditions.


http://www.molyinvestingnews.com/630-will-the-stimulus-jumps…

[Videomart]

BHP shuts Pinto Valley copper-molybdenum mine in USA
NEW YORK (Metal-Pages) 25-Feb-09

Mining giant BHP Billiton is in the process of shutting down its Pinto Valley mine in Arizona, USA, a copper operation that also contributed roughly 3 million lbs/year of co-product molybdenum to the market last year. Approximately 550 workers are being laid off, a significant portion of which were contract workers. The mine will be put on a care-and-maintenance footing until market conditions improve.
The smallest of BHP’s eight wholly or partly owned copper mines on three continents, Pinto Valley,is a relatively small swing producer. “This is a short life and high cost operation, and as such is uneconomic in the current environment,” the company noted in a recent earnings statement.
...
Pinto Valley is BHP’s only significant molybdenum-producing operation aside from the Antamina copper mine in Peru, in which the company has a 33.75% stake.
...

Quelle:
www.metal-pages.com/news/story/37913/ (Auszug)

[Videomart]

Copper rises, echoing global equities rally
Wed Feb 25, 2009 11:35am GMT
By Rebekah Curtis

LONDON (Reuters) - Copper rose more than 2 percent on Wednesday, in line with equities which rose on cautiously positive comments from Federal Reserve Chairman Ben Bernanke and U.S. President Barack Obama.

Copper for 3 months delivery on the London Metal Exchange rose to $3,395 a tonne at 1059 GMT from Tuesday's close of $3,285 a tonne.

Soothing sentiment and sparking a stock market rally, Bernanke said the U.S. government did not have plans to nationalise major banks.

Meanwhile, Obama struck a balance between grim economic reality and a more hopeful outlook in his State of the Union address.

"With equities up we're seeing some buying on the metals side...(But) there's still a lot of negative news out there yet to be released," said Michael Khosrowpour, an analyst at Triland Metals.

He said copper, used in power and construction, could head lower because of the deteriorating economic outlook. "I'm bearish and expect prices at some point within the next several months to come back to the 3,000 level, and possibly below."

Analysts warned the demand outlook remained grim, with base metals inventories rising and the slew of grim economic data set to continue amid the worst economic crisis in 80 years.

Data showing the German economy shrank by 2.1 percent in the final three months of last year, its worst quarter since reunification in 1990, dampened sentiment.

Later on Wednesday U.S. new home sales for January due at 1500 GMT could yield clues to growth prospects in the United States, the world's largest economy.

INVENTORIES RISE... AGAIN

Signalling crumpling demand, stocks of copper at LME warehouses in London rose by 1,800 tonnes and stocks of aluminium in LME warehouses in London jumped 9,775 tonnes to a record high above 3.1 million tonnes.

Aluminium used in transport and packaging fell to a 7-year low of $1,279 a tonne on Tuesday. Prices have been hit by the crisis in the auto sector.

It was last at $1,342 a tonne from $1,329 on Tuesday.

China's State Reserves Bureau last Friday finalized purchases of 300,000 tonnes of primary aluminium ingots with eight local smelters, smelter sources said.

"Chinese government's move in policy towards propping up output -- through stockpiling and changes to trade and tax regimes -- as opposed to encouraging more production cutbacks is bad news for the health of the aluminium industry," Barclays Capital said in a note.

The SRB bought 100,000 tonnes of refined zinc from 8 local smelters at 11,450-11,500 yuan per tonne on Wednesday, smelter sources said. Zinc edged up to $1,140 from $1,111 a tonne. Key stainless steel ingredient nickel was unchanged at $9,800 a tonne.

Battery material lead rose to $1,035 from $995, and tin rose to $10,825 from a closing bid of $10,525 a tonne.


http://af.reuters.com/article/investingNews/idAFJOE51O0GT200…

[Videomart]

Mal sehen, ob der Anstieg von Dauer ist...

[Martin12345]

Antwort auf Beitrag Nr.: 36.660.334 von Videomart am 26.02.09 17:00:23

Hoffentlich.

Grüße
Martin

[Videomart]

aus
"Casey's Daily Resource"
February 26, 2009


Base Metals

All the base metals were higher on Wednesday. Copper jumped nearly 4 cents from yesterday’s close to $1.5257/lb. Nickel gained 19 cents to finish at $4.5420/lb. Zinc rose slightly more than 2 pennies, ending at $0.5076/lb. Aluminum tacked on almost a cent, closing at $0.5935/lb., while lead moved up exactly one penny to $0.4630/lb.

The reason for the big day in base metals, China, the world’s biggest copper consumer, may boost imports of refined copper by 37% this year, bolstering world prices as a recession slashes demand in the U.S. and Europe, said Trafigura Beheer BV.

Inbound shipments could jump to about 2 million metric tons as scrap metal supplies plunge and Chinese government spending sustains consumption, said Simon Collins, of Trafigura Trading Shanghai Co., in an interview yesterday.

“China’s buying will stabilize prices,” said Collins. “We believe demand is better than elsewhere. The cable industry is reporting good orders, from the people we talk to.” The slump in prices has cut global supplies of scrap metal and Chinese purchases have tumbled as much as 60% percent in recent months, driving the surge in refined imports, he said. China’s inbound shipments of refined copper jumped 41% to 180,490 metric tons in January from a year ago, while scrap purchases more than halved to 180,000 metric tons, customs data show.

Global “demand destruction has been extremely rapid” and this is reflected in soaring stockpiles on the London Metal Exchange, Collins continued. Copper inventories advanced to 548,400 metric tons on Feb. 25, the highest since October 2003. “China will continue to buy refined metals as long as prices are low,” Collins said, adding he expected aluminum, zinc and lead imports to recover. “We’ve visited some very large consumers and whilst it’s not what they expected in the middle of 2008, they still see very good demand,” he said, referring to the lead industry.

Copper is widely used in homes, cars and appliances, making its price a barometer of economic activity. The U.S., Japan and Europe were all saddled with recessions last year, the first simultaneous contractions since 1945.


http://caseyresearch.com/displayDrp.php

[Videomart]

Copper Climbs in N.Y. as Stockpiles Monitored in London Decline

By Halia Pavliva

March 2 (Bloomberg) -- Copper gained in New York as stockpiles of the metal monitored by the London Metal Exchange fell the most in more than four months.

Copper stockpiles monitored by the LME dropped for a third straight session, declining 5,625 metric tons, or 1 percent, the most since Oct. 21, the exchange said today in a report.

“Inventories have declined and canceled warrants have risen,” Michael Widmer, an analyst at BNP Paribas SA in London, said in an e-mailed note. “This was in part driven by restocking in China.”

Copper futures for May delivery rose 0.55 cent, or 0.4 percent, to $1.544 a pound at 9:59 a.m. on the New York Mercantile Exchange’s Comex division. The most-active contract climbed 7.4 percent last week, the first gain in three.

Still, demand for the metal used in pipes and wires may fall as the U.S. economy, the world’s biggest, contracted at the steepest rate in more than 25 years in the 2008 fourth quarter. In China, the biggest user of the metal, manufacturing shrank for a seventh month in February and Hong Kong’s exports tumbled 21.8 percent in January, the most in 50 years.

“The country’s overall macro picture remains subdued, with manufacturing activity still contracting in February,” BNP Paribas’s Widmer said.

Citing “extreme demand weakness,” Widmer said copper is likely to trade in a range of $3,000 a metric ton and $3,500 a ton this week on LME. The metal averaged about $6,886 last year in LME trading.

Dollar Strengthens

The dollar rose as investors sought refuge in the world’s preferred reserve currency. Some investors buy metals, such as copper, as an alternative to holding stocks, bonds and currency.

The U.S. Dollar Index, a six-currency gauge that includes the euro and yen, reached the highest since April 2006 earlier.

“The dollar hit a three-year high against a basket of currencies, adding to the negative pressure,” Edward Meir, a Darien, Connecticut-based MF Global Ltd. analyst, said today in a report.

Copper has plunged 60 percent in the past 12 months before today as slumping housing markets, mounting job losses and declining manufacturing strangled global economic growth.

Copper for delivery in three months slid $34, or 1 percent, to $3,415 a ton ($1.55 a pound) in LME trading. The price reached a record $8,940 on July 2.


http://www.bloomberg.com/apps/news?pid=20601012&sid=aKTJ7gOo…

[Videomart]

[Videomart]

02.03.09 - 10:47
Grundlage für Boom bei Rohstoffpreisen gelegt

Rohstoffe-Go - Stuttgart - Das Institut VM Group prognostiziert um 50 Milliarden US-Dollar geringere Investitionen in der Bergbaubranche in 2009 im Vergleich zur Erwartung vor der Wirtschaftskrise. Auch für das Jahr 2010 würden die Investitionen um den gleichen Betrag niedriger sein.

Das geht aus dem Bericht des Instituts "Fortis Metals Monthly" hervor.

Die Folgen der verminderten Investitionen für die Zukunft seien ineffiziente Förderung, vermindertes Rohstoffangebot, Vernachlässigung von Wartungsmaßnahmen sowie Stopp und Verzögerung der Entwicklung von neuen Minen. Dies sei die Grundlage für einen weiteren Boom bei den Rohstoffpreisen im kommenden Jahrzehnt.

Die VM Group erwartet auch, dass insbesondere kleine Rohstoff-Unternehmen Investitionen vermindern würden, weil diese stärker auf die Finanzierung über die Börsen, wie die TSX-V und die AIM, angewiesen seien.

Mergers & Acquisitions (Unternehmensfusionen und -übernahmen) würden wahrscheinlich zunehmen, weil Bergbau-Unternehmen nach Kosten reduzierenden Synergien strebten. (Feindliche) Übernahmen würden vermehrt stattfinden, um Rohstoff-Vorkommen preiswert zu erwerben.

Zu erwarten seien auch weitere Beteiligungen von Staatsunternehmen an Rohstoff-Vorkommen und -Unternehmen, so wie vor kurzem chinesische Staatsunternehmen große Anteile an bekannten Rohstoff-Unternehmen gekauft haben.


http://www.up2trade.com/unterseite.php?id=6909

[Videomart]

Molybdenum tipped to rebound but when?
Tuesday 3 March 2009 (Metal-Pages)

"Molybdenum could benefit from a crucial shortage of strategic metals, once world economies begin to recover, according to investment website molyinvestingnews.com."
...
Quelle:
www.metal-pages.com/news/story/38047/

[Videomart]

Molybdenum seen weak in 2009 but recovery in 2011
Wed Mar 4, 2009 3:58pm GMT
By Michael Taylor

LONDON, March 4 (Reuters) - Molybdenum prices will stay low
at between $10.50-$11 a lb this year because of weak demand from
steel makers, but in 2011 it will rise to above $20 as demand
rebounds, U.S.-based CPM Group said on Wednesday.
Douglas Horn, commodity analyst at CPM said global stimuli
packages will help boost prices of molybdenum, a byproduct of
copper, to around $16 in 2010.
"There is a large amount of government infrastructure
spending coming online," he said at a conference organised by
the London Metal Exchange (LME) and Metal-Pages.
"Our estimates indicate that over $700 billion will be
poured into the market on the infrastructure side."
Molybdenum prices currently at around $9 are
down from around $34 a lb last August.
"They fell for a very good reason -- there has been a deep
drop in steel production," he said. "The fourth quarter (of
2008) was particularly bad for the stainless steel industry and
they are the largest moly consumer."
Horn said 70 percent of molybdenum demand comes from steel
production and output cuts during this slowdown had exceeded
previous recessions.
On the supply side, Horn said there was a big bulge of
"probable development projects" in 2012, but they would depend
on financing.
"But once re-stocking resumes ... (any upturn) could be very
drastic, very swift and demand for molybdenum could be quite
strong," he said.

http://uk.reuters.com/article/motoringAutoNews/idUK165797+04…

[Videomart]

Molybdenum tipped to move above $20/lb in 2011

LONDON (Metal-Pages) 04-Mar-09. Molybdenum prices could rise above $ 20/lb in 2011, should there be a pickup in demand, according to analysts at New York-based CPM Group.

Prices could average between $ 10.50-11/lb this year, moving to $ 16 in 2010 and if the fundamentals play out, a surplus could support a molybdenum price of more than $ 20/lb in 2011, should there be a sizeable deficit, CPM Group Commodity Analyst Douglas Horn said.

Horn (pictured left) was speaking at the Metal-Pages ‘Cobalt & Molybdenum Price Risk Management’ Conference in London on Wednesday.

Analysts at CPM predict the market to have what Horne termed “a manageable surplus this year.”

The figure should reach a very manageable 10 million lbs, versus 17.7 million lbs during the last recession in 2000, Horne said.

Many delegates at the conference say they are scratching their heads about a timescale for a recovery in metal prices, amid the global economic downturn.

In the short run, Horne said there is little prospect of a price recovery, given the severity of the worldwide slowdown, but he did sketch out a longer term view:

“It could be very quiet on the moly front at least for the first three quarters of this year, before receiving a boost from stimulus measures from various governments around the world, when prices should begin to reflect a tighter market balance.”

U.S. lawmakers last month reached agreement on President Barack Obama’s $ 789 billion economic stimulus package.

China announced $ 586 billion worth of measures, aimed kick-starting its economy in November and recently passed a bill for a stimulus package plan designed to rescue the struggling nonferrous metals industry.

Most market participants believe that the nonferrous measures will have little impact on minor metals in the short run.

In his presentation, Horne said in 2008 for the first time, primary suppliers accounted for more than 50% of production versus 40% in 2000, with the top six producers holding more than 50% of the market.

CPM is forecasting deep cuts in the use of steel containing molybdenum by end users.

But Horne added 12% less demand for carbon steel, 8.6% for tool steels and 5% for High Carbon Low Steel (HSLA) should be offset to some extent by modest growth in stainless steel, after seven quarters of declines in stainless production.

Molybdenum trioxide is currently fetching $ 8.70/lb, having tumbled from $ 32.75 to $ 33.75 in mid-September.



Quelle:
www.metal-pages.com

[Sharedealer]

Bergbau: Erholung schon in der zweiten Jahreshälfte
Leser des Artikels: 28

Könnte der schwer unter Druck geratene Minensektor schon in zweiten Jahreshälfte 2009 wieder in Schwung kommen? Zumindest erste Anzeichen dafür sieht Francis McGuire, CEO des zweitgrößten Anbieters von Bergbaudienstleistungen Major Drill Group (CA5609091031), der auf Grund seiner Dienstleistungsfunktion als eine Art Seismograph für die Entwicklung der Branche angesehen werden kann.



Denn trotz der jüngsten Annullierung der Explorationsaktivitäten vieler Kunden hätten im einige Klienten bereits signalisiert, dass sie darüber nachdenken, ihre Projekte bereits in einigen Monaten wieder zu aktivieren.

Dass die ersten sechs Monate 2009 vor allem von extremer Vorsicht der Bergbauunternehmen gekennzeichnet sein werden, scheint offensichtlich. McGuire aber erwartet dann eine Besserung, wenn auch nur eine kleine. Besonders starke und positive Signale erhalte Major Drilling von Kunden, die im Kupferbereich tätig sind, dass sie in absehbarer Zeit wieder positive Entscheidungen bezüglich etwaiger Explorationsaktivitäten treffen würden. Es sei zwar noch zum Teil Spekulation, doch diese Kunden schienen eine signifikante Verbesserung der Situation zu erwarten.


Autor: Sven Olsson

[neuflostein]

Ist vermutlich eh alles egal. Laut eines Stockhouse Users, der die Mine besichtigt und mit einem Ingenieur dort gesprochen hat, hat ML keine mittel mehr, um die Phase II Expansion voranzutreiben.

Keine Phase II Expansion heisst, dass ML niemals die Debt Covenants zu ihren 120 millionen Bonds erfüllen kann.

Finito, Game Over.......

[Videomart]

Copper prices to fall from current levels, rebound in 2010: GFMS

London (Platts)--5Mar2009

Copper prices are set to fall, but not collapse, from current levels this
year, and then rebound in 2010, UK-based GFMS Metals Consulting said Thursday,
forecasting an average price for 2009 of $3,000/mt.

"We expect that bottom of the market (taking into consideration the
potential for a short-lived overshoot) will be $2,600/mt," GFMS said. "Upside
moves should be capped at around $3,600-3,700/mt, i.e. close to the levels in
early March."

In 2010, although GFMS is projecting a small surplus, the company is
forecasting an increase in the average price to $3,700/mt.

"In the second half of the year, the combination of an acceleration in
demand growth and the return of some 'long side' interest from funds should
see prices exceed $4,000/mt," it added.

For 2011, the relatively tight supply position for copper (low grades,
high mine utilization rates and lack of large-scale projects) "will once again
become relevant and will limit the supply response despite strong demand,"
GFMS said, adding: "This should support a further increase in prices."

GFMS is forecasting that global copper demand will decline by 0.2% in
2009 and increase by 4.5% in 2010.

"We would view our projection of a small decline as fairly conservative
i.e. positive given the direction in which nearly all of the demand indicators
are pointing," the consultancy said. "Once again, the copper industry will be
heavily reliant on China to support demand growth, as we have demand in the
mature economies falling by 3.7% this year."

MARKET TO SEE 500,000 MT SURPLUS IN 2009

GFMS forecasts that copper consumption in China will grow by 5% in 2009,
but the company's projection of a 3.7% decline in demand in 2009 (excluding
China) will leave the market in a surplus of around 500,000 mt, it noted.

Copper demand growth has been relatively weak for some time, peaking in
Q1 2007 and running at just 0.5% in Q4 2008, the company said, adding: "The
copper bull market was essentially a supply-side story."

One positive factor on the demand side is that pipeline stocks in the
consumption/distribution chain are low.

"Therefore, if economic activity does improve, even relatively modestly,
this would trigger a restocking process that should support 4.5% growth in
demand in 2010," GFMS said. "In 2011, we expect a period of above-trend growth
of 6.3% as economic growth accelerates."

FURTHER MAJOR SUPPLY CUTS UNLIKELY

On the supply side, GFMS' analysis has taken into consideration cutbacks
that have taken place so far, the company said.

"The duration of the cuts is by no means clear. We have assumed that most
cutbacks remain in place in 2009 and are gradually phased back in during
2010," the company said, adding that it had assumed no further major cutbacks
on price grounds.

"One reason for this is that copper prices still reside in the steep tail
of the cost curve, where a decline in prices does not automatically lead to an
immediate or large cut back in output," GFMS said.

GFMS estimates the marginal cost of production (based on the ninth
decile) to be around $3,300/mt, similar to the level prevailing in early
March.

"The price of most of the other base metals currently resides in between
the fifth and the seventh decile," the company said. "If the copper market
follows the other metals down the cost curve (and we do not see any particular
reason for this not to be the case), then there is further downside potential
in the copper market."


http://www.platts.com/Metals/News/8398168.xml?src=Metalsrssh…

[Videomart]

Bergbau: Erholung schon in der zweiten Jahreshälfte
05.03.2009 | 15:15 Uhr | Rainer Hahn (EMFIS)

RTE Stuttgart - (www.rohstoffe-go.de) - Könnte der schwer unter Druck geratene Minensektor schon in zweiten Jahreshälfte 2009 wieder in Schwung kommen? Zumindest erste Anzeichen dafür sieht Francis McGuire, CEO des zweitgrößten Anbieters von Bergbaudienstleistungen Major Drill Group (CA5609091031), der auf Grund seiner Dienstleistungsfunktion als eine Art Seismograph für die Entwicklung der Branche angesehen werden kann.

Denn trotz der jüngsten Annullierung der Explorationsaktivitäten vieler Kunden hätten im einige Klienten bereits signalisiert, dass sie darüber nachdenken, ihre Projekte bereits in einigen Monaten wieder zu aktivieren.

Dass die ersten sechs Monate 2009 vor allem von extremer Vorsicht der Bergbauunternehmen gekennzeichnet sein werden, scheint offensichtlich. McGuire aber erwartet dann eine Besserung, wenn auch nur eine kleine. Besonders starke und positive Signale erhalte Major Drilling von Kunden, die im Kupferbereich tätig sind, dass sie in absehbarer Zeit wieder positive Entscheidungen bezüglich etwaiger Explorationsaktivitäten treffen würden. Es sei zwar noch zum Teil Spekulation, doch diese Kunden schienen eine signifikante Verbesserung der Situation zu erwarten.

http://www.rohstoff-welt.de/news/artikel.php?sid=11920

[Trockentrader]

Antwort auf Beitrag Nr.: 36.706.976 von neuflostein am 05.03.09 16:08:35

Durch die Bought Deal Financing wurden 23,3 Mio. eingenommen.

Laut Novemberpräsentation sind für Phase II noch 25 Mio. aufzuwenden, mit 7 Mio. lässt sich der Durchsatz zwischen Phase I + II auf 40.000 - 45.000 tpd erhöhen.

Die Zahlung für die Bonds ist halbjährlich, das nächste mal am 30.06. i.H.v. 6,9 Mio. (11,5% von 120 Mio. * 0,5) fällig.

Also ich sehe noch kein Game over

[neuflostein]

Naja, laut des ML Mitarbeiters ist eben kein Geld mehr für Phase II da, und die Expansion wurde schon vorerst eingestellt.

Durchsatz seit Phase I ist wohl besser als geplant und sie kommen auf 30.000 tpd, haben allerdings Moly Recovery Probleme und kommen daher nur auf 3mill lb/jahr (bei derzeitiger Produktion).

Fazit: Mit der neu reingeholten Kohle können sie die nächste Rate grade zahlen, der Rest wird verbrannt und sie können Die Debt Covenants nie und nimmer erfüllen. Covenants sind gesonderte Bedingungen die mit den Bonds verknüpft sind. Wenn ML zu bestimmten Zeitpunkten nicht EBITDA positiv ist, können die Bondholder im Grunde MLs ganzes Cash abrufen und den Laden dichtmachen.

Hier der Bericht aus dem Stockhouse:

This is my report of my site visit 03Mar09. I am a very long shareholder of ML. I am from BC, Canada and have spent my winter months in Mesa, AZ. Kingman, AZ is on my way home and so I requested a site visit with Mr. Gary Simmerman, VP Engineering and Mine Manager. He set aside a significant amount of his time (nearly 3 hours) in a very busy day to answer my questions and give me a guided tour of the facilities at Mineral Park. I thank him sincerely.



The site and refining plant are very compact and the commissioning of phase one is practically complete. Mill feedstock is running a tad less than 0.04%, the crusher, SAG mill and ball mills are running above design capacity. There is a problem with one of the two SAG motors running 50% more current than the other but it will be replaced by the supplier next week. The problems with the cleansing cells on the moly circuit, reported in the Blackmont report, have been resolved. Gary’s staff have taken the two parallel circuits and placed them in series and are now producing above 50% grade moly. 46% grade is the accepted commercial grade. The cell supplier is still working on a permanent solution and this is their warranty problem to solve. When the plant goes to 50,000 tpd more cells must be installed if the problem is not resolved by the supplier. Moly is bagged in 4,000 lb bags and the first shipping of commercial grade is expected within two weeks (see below). Below grade bagged test stock (about 16 bags) is being offered to buyers on a bid basis.



The copper circuit is working well and 5,000 TONS of concentrate are sitting in Guaymas, MX awaiting proper paperwork and final shipping instructions, expected in less than two weeks. Value about $1,300,000 (see below). Cu concentrate is trucked in bulk.



The company is on a survival mode status. Payroll is being met but some management had their salaries held back (now resolved). Expenses are being minimized. Phase two is on the back burner and no capital monies are being spent in this regard. It will take OOM $40 million to complete including two additional ball mills and an upgrade to the incoming power line for the extra power requirements of 50,000 tpd. As stated on the website, many items for phase two were installed during phase one when it was logical to be done from a site management point of view. Total phase two cost is estimated to be $70 million of which $30 million has already been installed. A restart of phase two work is only expected when the price of the saleable commodities improves on the global marketplace thus providing the necessary cash flow.



Production costs at current production rates are approximately: Cu: $1.15; Moly $8.10. They are making money at today’s market prices, $1.48 and $9.00+ respectively.



Shipping:

50% grade moly is expected to commence regular shipping to Tucson, AZ in about two weeks at the rate of 11 bags (4,000 lbs) every 3 days. Cu: 8 truck loads each of 27 tons are shipped daily to Guaymas.



EBITDA: By chance CFO Mr. Ray Lee was visiting the plant while I was there. He confirmed the company’s close attention to cost control at this time and the intense interest by senior management to the cash flow problems of today. He confirmed that the EBITDA test would come about immediately after 15Aug09(+-) when the 2Q09 results should be announced. He remained confidant that the company would be able to meet the test when the time came. He confirmed also that senior management had this test in the forefront of their concern and were working diligently to resolve the potential negative implications of this test. No details. Stay tuned.



I hope the above provides all of you with a wider knowledge of the current situation at Mineral Park. Gary confirmed that he believes the startup teething problems have been resolved (or being worked around) and that normal production is at hand. If there are questions then I will do my best to answer.



GLTA KenB

[MFC500]

Antwort auf Beitrag Nr.: 36.706.976 von neuflostein am 05.03.09 16:08:35

Keine Phase II Expansion heisst, dass ML niemals die Debt Covenants zu ihren 120 millionen Bonds erfüllen kann.


Welche Covenants?

[neuflostein]

Antwort auf Beitrag Nr.: 36.712.169 von MFC500 am 06.03.09 08:54:17

Diese hier:


EBITDA Covenant

In the event the earnings of the Corporation before interest, taxes, depreciation and amortization ("EBITDA") on a consolidated basis in any quarter beginning after March 31, 2009 does not exceed interest expenses under the Notes for that quarter, the Corporation will be obliged to repay to the holders
of the Notes the lesser of its Free Cash Balance and 25% of the outstanding principal of the Notes, such payment to be made within 60 days of the end of such quarter. The total of all amounts repayable under the EBITDA provision will not exceed 25% of the original total principal of the Notes, and the 25% limit
will apply on a cumulative basis during the term of the Notes.

Zu finden unter:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issu…

[neuflostein]

Die einzige Hoffnung, die ich für meine (kleine) Restposition Mercator noch hege, ist ein schnelles Ansteigen des Kupferpreises auf ca. £2/lb. Wenn sie dann 2009 30 Millionen Pfund bei $1,25 Kosten produzieren, so kämen immerhin rund 20Millionen an Cashflow rein. Das würde gerade reichen, die Schulden zu bedienen.

Mit dem Moly macht ML derzeit kein Geld. Ich gehe im Grunde von einem Totalverlust aus, würde mich wundern, wenn ML es schafft. Erstaunlich, dass sie den bought deal noch bekommen haben, wo schon klar war, dass Phase II zunächst gestorben ist.

[AcrossAsia]

Antwort auf Beitrag Nr.: 36.716.884 von neuflostein am 06.03.09 16:39:50

Totalverlust ? Du möchtest wohl billig an ein paar Stücke herankommen. Erst wenn sich die Institutionellen verabschiedet haben, gehe ich davon aus...

http://www.mffais.com/mrcmf.pk.html

[santakl]

Antwort auf Beitrag Nr.: 36.716.884 von neuflostein am 06.03.09 16:39:50

warum sollten diese infos einfach so an einen aktionär weitergegeben werden?

[neuflostein]

Antwort auf Beitrag Nr.: 36.717.652 von AcrossAsia am 06.03.09 17:43:24

Auf gar keinen Fall kauf ich noch welche hinzu, habe noch mehr als ich eigentlich möchte.

[neuflostein]

Antwort auf Beitrag Nr.: 36.718.188 von santakl am 06.03.09 18:25:07

Habe ich mich auch gefragt, aber leider stimmt der Bericht anscheinend. Ob ihr es glaubt oder nicht, jemand vom ML Management hat auf Stockhouse mitgelesen und hat den User danach gebeten, seinem Bericht noch ein paar Ergänzungen hinzuzufügen. Das nenne ich professionelle Öffentlichskeitarbeit!!

[neuflostein]

Hier noch der Beitrag dazu, lol....

I have received a request from Mr Gary Simmerman (das ist der ML ingenieur) to clarify the following in my report:

1: The feedstock is 0.04% Mo

2: The below grade bagged test product will now be retained, repulped and upgraded

3: The production costs estimates given in the report are for the full 25,000 tpd capacity
4: Instead of OOM (Order of Magnitude), Gary prefers 'about'.

Cheers KenB

[gausster]

Neue Pressemitteilung auf der HP unter
http://www.mercatorminerals.com/index.php?&cm=investor&ce=sh…

Mercator Minerals Ships First Molybdenum Concentrates From The Mineral Park Mine
TRADING SYMBOL: TSX - ML

VANCOUVER, March 9 /CNW/ - Mercator Minerals Ltd. ("Mercator") is pleased
to announce that it has started shipping moly concentrates from its Mineral
Park Mill. The concentrates are being shipped to a roasting facility in
Tucson, Arizona which is a 5 hour truck haul from Mineral Park. "Production of
molybdenum and copper continue to increase as we get the circuit fined tuned",
said Mike Surratt, President and CEO. Mineral Park has produced in excess of
9,400 tons of copper concentrates and shipped over 6,500 tons to port and has
commenced shipment of molybdenum concentrates. February marks two years from
completion of the financing for the construction of the mill facility. "The
Company has financed, engineered, procured equipment, and constructed one of
the largest and certainly the most modern mill in North America. This is a
real tribute to our operating team, that this large scale project is in
operation today", Surratt added.

<<
Some of the highlights of the Technical Study are set out below:

- Life-of-mine average metal prices used in the economic model: $1.53 per
pound of copper, $10.16 per pound of molybdenum, $7.50 per oz of
silver;

- Metal prices used in the reserve model were $1.40 per pound of copper,
$7.50 per pound of molybdenum and $7.50 per ounce of silver;

- $426 million after-tax net present value at an 8% discount rate;

- 51% internal rate of return (IRR), after-tax;

- 25 year mine life;

- Strip ratio of only 0.18 to 1, waste to ore;

- Proven and probable mill reserves of 437 million tons at a copper
equivalent grade of 0.368%, of which 82% is proven, and an additional
proven leach reserve of 82.5 million tons at an average grade of 0.07%
copper;

- Life-of-mine production of 1.1 billion lbs of copper, 257.5 million lbs
of molybdenum and 13.7 million ounces of silver.
>>

Gary Simmerman, BSc, Mercator's VP Engineering, a Qualified Person as
defined by NI43-101, supervised the preparation of and verified the technical
information contained in this release.

Mercator Minerals Ltd.

Mercator Minerals Ltd. is a TSX listed mining company with an experienced
management team that has brought the mill expansion at the Mineral Park Mine,
one of the largest and most modern copper-moly mining-milling operations in
North America to production in less than 2 years. Mercator management is
dedicated to maximizing profits by making its Mineral Park Mine one of the
lowest cost operations in the industry.

<<
On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,
President
>>

Damit dürften wohl alle Frage beantwortet sein (Achtung: Ironie)...

[Sharedealer]

Zeichen der Erholung im Bergbausektor

Der US-amerikanische Hersteller von, unter anderem, Bergbauausrüstung Caterpillar erwartet, dass die Minenindustrie in den nächsten 18 Monaten wieder auf den Wachstumspfad zurückkehrt. Vor allem der Kupferpreis, der seit Anfang des Jahres einen Aufwärtstrend verzeichnet, wird dabei als Indikator für einen Turnaround der Branche herangezogen.



Offizielle des Unternehmens erklärten, man sei nah genug an den großen Kupferproduzenten, um zu erkennen, ab welchem Preisniveau diese wieder aktiv würden. Und dieses Level sei mittlerweile erreicht. Caterpillar geht, auch auf Grund von Aussagen seiner Kunden, davon aus, dass die Preise für das rote Metall zwar vor einer nachhaltigen Erholung noch einmal zurück kommen könnten, rechnet aber nicht damit, dass sie wesentlich unter die kürzlich verzeichneten Vierjahrestiefs fallen werden.

Allerdings wird es wohl noch etwas dauern, bis die Aktivitäten der Branche annähernd wieder Normalmaß erreichen, denn Caterpillars Minenabteilung habe neben einigen Auftragsstreichungen zurzeit vor allem mit Verzögerungen bei den Aufträgen zu kämpfen.

Doch die vorherrschende Meinung scheint zu sein, dass es nur eine Frage der Zeit ist, bis Kupfer ein Comeback hinlegt. Vor allem die Nachfrage aus China, Indien und anderen Ländern, die ihre Infrastruktur ausbauen, werde über kurz oder lang dafür sorgen, dass der Sektor wieder wachsen werde. Bereits jetzt seien aber auch neue Aufträge zu verzeichnen. Die aber stammten hauptsächlich von Goldminenfirmen aus Lateinamerika, heißt es.

Autor: Sven Olsson

[Videomart]

Antwort auf Beitrag Nr.: 36.349.690 von neuflostein am 11.01.09 09:54:08

Kupfer gibt es bald wieder für unter einem Dollar

Fragt sich nur, wann das sein soll...

[Public_Relations]

Hallo zusammen,

kann jemand die aktuelle Lage bei Mercator zusammenfassen?
Wie ist eurer Meinung nach der Ausblick?

Vielen Dank im Voraus.

PR

[Sharedealer]

Antwort auf Beitrag Nr.: 36.772.191 von Public_Relations am 16.03.09 09:40:56

Hängt sehr am Kupferpreis, kann der sich mal wieder bei mind. 2$
stabilisieren, dann siehts wieder ganz gut aus :-)

[neuflostein]

Antwort auf Beitrag Nr.: 36.772.191 von Public_Relations am 16.03.09 09:40:56

Die Lage bei ML ist meiner Meinung nach kritisch. ML ist in "Survival mode" (Aussage vom Chefingenieur, Simmerman oder so..), es ist kein Geld mehr für Phase II der Minenexpansion da und es ist fraglich, ob man den EBITDA Test (siehe oben für Erläuterungen) bestehen wird. Mit Moly wird derzeit kein cent verdient, weil es Moly-Produktionsprobleme gibt, bei Kupfer sieht es etwas besser aus. Letzte Woche haben 85% der Bonds von ML für 48% vom Nominalwert den Besitzer gewechselt. Das zeigt, dass viele Investoren lieber mit 50% Verlust aussteigen, als weiter auf ML zu hoffen.


Positiv ist, dass sie den bought deal über $23 Millionen reinholen konnten. Das zeigt, dass sich zumindest einige Investoren ein Ueberleben von ML vorstellen können. Hängt alles vom Kupfer und Molypreis ab...

[neuflostein]

Antwort auf Beitrag Nr.: 36.756.581 von Videomart am 12.03.09 21:18:47

Wir werden sehen. Kupfer fällt bald wieder auf $1.25/lb. Wenn die Chinesen ihre strategischen Reserven gekauft haben, gehts wieder runter Richtung Grenzkosten der günstigsten Förderer.

[neuflostein]

Hier mal eine positivere Einschätzung von ML (von ScotiaMcleod):

Recent Update Text as of 14MAR09

After a lengthy discussion with Mercator’s CEO Mike Surratt on Friday
afternoon, we remain convinced that Mercator is a highly undervalued company. We continue to believe the concern that many shareholders have over the

potential impact of not meeting the debt covenants in Q2/09 is overblown. At

current metal prices and with our production assumptions, we now believe that

Mercator will not default on their debt. The mill is now operating at about 27 ktpd and grades mined have been higher than anticipated so production is likely to be higher than our original expectations. As it is in the interest of both Mercator and the holders of the debt to see

Mercator succeed, we suspect that Mercator may be able to renegotiate some

terms of their debt agreement, should they fail to generate the required $3.45

million in EBITDA in Q2/09. We maintain our 1-Sector Outperform rating and C$1.30 per share target price.

[Sharedealer]

Antwort auf Beitrag Nr.: 36.775.331 von neuflostein am 16.03.09 15:53:34

Danke fürs Finden und Reinstellen :-) Möchte betonen, dass die ein
target von C$1.30 sehen bei den ungefähr jetzigen Rohstoffpreisen.
Sollte es mal wieder bergauf gehen, so kann man
sich ja vorstellen, wie es dann aussieht.

[neuflostein]

Antwort auf Beitrag Nr.: 36.775.495 von Sharedealer am 16.03.09 16:06:44

Wichtig finde ich auch die Einschätzung, dass mit den Besitzern der Bonds durchaus verhandelt werden könnte. Im Grunde logisch, da es niemandem zugute kommt, wenn ML pleite geht.

Wenn ML die Rückzahlung ihrer 120Millionen Schulden anders strukturieren kann, dann sieht es gar nicht mal so schlecht aus. Wenn denn der Kupferpreis stabil bliebe.

[Sharedealer]

Antwort auf Beitrag Nr.: 36.775.593 von neuflostein am 16.03.09 16:15:27

Ja das sehe ich auch sehr positiv, also alles im allem kann ich
jetzt wieder etwas ruhiger schlafen, auch sah es die letzten Tage bei Kupfer wieder etwas nach Erholung aus.
Und ob nun mehr gebraucht wird oder nicht, ist ja erstmal egal, wenn die Chinesen kaufen und damit den Preis stabilisieren.
(3.640,50 USD pro Tonne). Man könnte fast schon wieder riskieren
bei Kupfer long zu gehen ;-)

[Sharedealer]

Genau das brauchen wir: (kam grad rein)

Wie ein Offizieller der Macquarie Group, eines australischen Finanzdienstleisters, mitteilte, könnte China in diesem Jahr weitere 900.000 Tonnen Kupfer einkaufen – das Dreifache dessen, was bisher erworben wurde. Die chinesische Regierung implementiere derzeit ein Konjunkturprogramm im Volumen von 585 Milliarden Dollar, um den Binnenmarkt zu stützen, nachdem die Wirtschaft des Landes im vierten Quartal so langsam wuchs wie seit sieben Jahren nicht mehr und die Exporte einbrachen.



China, das seine 1,95 Billionen Dollar an Währungsreserven hauptsächlich in Schuldpapieren der US-Regierung halte, solle seine Investments diversifizieren, um Risiken abzuwenden, sagte Premier Wen Jiabao erst letzte Woche, was durchaus für weitere Einkäufe im Rohstoffsektor sprechen würde.



GOLDINVEST.de bietet Hintergrundberichte und aktuelle Kommentare zum Geschehen an den Rohstoffmärkten und verfolgt die Entwicklung ausgewählter Minengesellschaften aus dem Bereich der Edelmetalle, Basismetalle und sonstiger Rohstoffe. Weitere Informationen unter: www.goldinvest.de


Autor: Sven Olsson

[Sharedealer]

Ganz nebenbei: grad +18% in Can. Kommt wohl von der Meldung, die
Neuflostein reingestellt hat.

[neuflostein]

schade eigentlich, dass die armen Chinesen den Amerikanern ihre Schrottdollars weiterhin abnehmen werden müssen. Ansonsten bleibt den Amis nur noch übrig, die Notenpresse so richtig auf Touren zu bringen. Was wiederum die Treasury Bonds der Chinesen wertlos machen würde. China ist also in einer fiesen Zwickmühle. Zwar haben sie auf dem Papier riesige Reserven, können diese aber nicht loswerden.


Ansonsten könnten die Chinesen richtig fett in Rohstoffe für die nächsten Jahrzehnte einsteigen und ihre hart erarbeiteten Ueberschüsse in Sachwerte eintauschen. Man kann vor den Amis nur den Hut ziehen, lassen die Chinesen arbeiten wie die Tiere und füttern sie dafür mit grünem Papier. Und obwohl die es inzwischen kapiert haben, geht das Spiel trotzdem weiter....

[AcrossAsia]

Antwort auf Beitrag Nr.: 36.776.123 von neuflostein am 16.03.09 17:01:20

Bitte bedenkt, dass nicht nur die Chinesen in nächster Zeit viel Kupfer benötigen...sondern auch die Inder

http://www.finanznachrichten.de/nachrichten-2009-03/13345258…

[Videomart]

Antwort auf Beitrag Nr.: 36.776.123 von neuflostein am 16.03.09 17:01:20

Mercator ist auch aus den den Empfehlungen von Bill Matlack inzwischen verschwunden, ich denke in erster Linie wegen des zu großen Risikopotenzials:


"Metals & Mining Stocks: Analysts' Ratings & Estimates"

[Videomart]

Antwort auf Beitrag Nr.: 36.776.979 von Videomart am 16.03.09 18:32:41

Quelle:
http://www.kitco.com/ind/matlack/mar162009.html

[Sharedealer]

Antwort auf Beitrag Nr.: 36.776.979 von Videomart am 16.03.09 18:32:41

Können aber wieder rein kommen oder ?

[Trockentrader]

Antwort auf Beitrag Nr.: 36.777.825 von Sharedealer am 16.03.09 20:01:11

Natürlich.

[Public_Relations]

Antwort auf Beitrag Nr.: 36.775.030 von neuflostein am 16.03.09 15:28:00

Vielen Dank @ Sharedealer und neuflostein für eure Antworten.

Grüße
PR

[neuflostein]

Es kommt ordentlich Volumen rein, bei leichtem Aufwärtstrend. Für mich ein ganz gutes Zeichen, evtl. steigen Institutionelle langsam wieder ein.

Letzte Woche ist fast der gesamte Bestand an Mercator 11,5% Notes zu 50 cent auf den Dollar über den Tisch gegangen. Es wäre doch ein Geniestreich seitens einer Bank oder eines Fonds, erst alle (hochverzinsten!!) Schulden für 50% des Wertes zu kaufen, dann noch billige Shares aufzukaufen und ML den benötigten Restbetrag für die Phase II Expansion zu Verfügung zu stellen. Man könnte dann die Rückzahlung der Notes flexibler vereinbaren und deftige Gewinne einstreichen, sobald Kupfer und Moly wieder höher stehen.

[Sharedealer]

Industriemetalle: Kupfer folgt Silber und Gold nach oben
Leser des Artikels: 1

Nach der Ankündigung der US-Notenbank, für Hunderte Milliarden Dollar langfristige US-Staatsanleihen erwerben zu wollen, erreichten die Kupferpreise in London ein Viermonatshoch. Spekuliert wird darauf, dass die Pläne der Fed das Wachstum in der größten Wirtschaft der Welt zumindest bis zu einem gewissen Grad wiederbeleben. Kupfer, das wichtigste unter den Industriemetallen, wird häufig als Indikator für die Entwicklung der Wirtschaft betrachtet – und die USA verbrauchen nach China das meiste Kupfer (und Aluminium) weltweit.



Heute Morgen erreichte der Kupferpreis in London die Marke von 3.930 US-Dollar pro Tonne, ein Zugewinn von 4,6 Prozent. Damit hat sich der Kupferpreis 2009 bereits um 28 Prozent erhöht, nachdem er im vergangenen Jahr um 54 Prozent eingebrochen war. Die von der London Metal Exchange (LME) überwachten Kupfervorräte fielen um 0,3 Prozent auf rund 493.000 Tonnen und sanken damit seit Ende Februar bereits um 10 Prozent.


GOLDINVEST.de bietet Hintergrundberichte und aktuelle Kommentare zum Geschehen an den Rohstoffmärkten und verfolgt die Entwicklung ausgewählter Minengesellschaften aus dem Bereich der Edelmetalle, Basismetalle und sonstiger Rohstoffe. Weitere Informationen unter: www.goldinvest.de


Autor: Sven Olsson

[neuflostein]

Sieht aus, als ob wir tatsächlich wieder in Richtung £1 gehen würden.

Wenn die Fed weiter so Geld druckt, dann können Rohstoffe eigentlich nur noch eine Richtung kennen....

[Videomart]

Copper prices to fall, oil to stay firm as supply/demand forces at work

Levi Folk, Financial Post
Published: Thursday, March 19, 2009


Oil and copper prices are rising but for different reasons. Its economics 101 really, supply and demand, the former favoring oil and the latter supporting copper. Oil prices are rising because OPEC is cutting supply from the market. Unfortunately there is no copper cartel controlling supply; therefore, the prices of industrial metals are at the mercy of China's demand.

Oil prices have responded to OPEC supply cuts equal to roughly 3.3 million barrels per day, to date. Demand is off by roughly one million barrels per day according to the IEA. Hence oil prices are gaining strength.

China is the single biggest consumer of industrial commodities, accounting for roughly one-quarter of copper demand. Prices have recovered on expectations of renewed demand from China to satisfy the government's US$585-billion infrastructure spending plans over the next two years. As a result, prices are up more than 20% since the start of the year.

Early signs are encouraging: China imported a record high 329,300 tons of copper in February, representing a 41.5% rise over January due to buying from China's State Reserve Bureau. However, demand could easily falter, suggesting the current rally does not have legs.

The IMF expects the global economy to contract by 0.6% in 2009, which will seriously crimp copper demand. China will show growth leadership but still only manage to pull out sub-trend growth. The World Bank yesterday cut its projection of gross domestic product growth this year to 6.5% from a 7.5% forecast in November.

In this very weak economic environment, additional infrastructure spending plans in China are supportive of copper price but are insufficient to carry the market. Expect copper prices to fall until a global economic recovery happens in earnest.


http://www.nationalpost.com/related/topics/story.html?id=140…

[neuflostein]

Thompson Creek seek M&A opportunities: CEO

Fri Mar 20, 2009 3:34pm EDT

TORONTO (Reuters) - Thompson Creek Metals Co (TCM.TO) sees cash preservation as its main priority, but the Canadian molybdenum miner is still looking for acquisitions as valuations in the sector have fallen to attractive levels, its chief executive said on Friday.

"We view our balance sheet as a significant strength. It is unusual for a mining company our size to have such a strong balance sheet. ... This is a significant asset for us and our goal is to preserve it to the greatest extent possible," said CEO Kevin Loughrey in a telephone interview with Reuters.

"But this does not mean that we are not considering M&A activity. ... If we find something that is extraordinarily attractive, we would consider it," he said.

Loughrey, who has more than 2-1/2 decades of experience in the mining business, has previously been involved in several M&A transactions.

Shares of Thompson Creek and its rivals have fallen sharply in recent months, as the price of molybdenum has plunged due to the impact of the global economic slowdown.

The company, which is a pure-play molybdenum producer, would consider using its shares as currency in making an acquisition, under certain conditions, if such a deal could prove it would add to earnings, Loughrey said.

"This is not to say that we would rush out and do this. It's more to say that we shouldn't take the idea of using shares to do an acquisition off the table."

Thompson Creek is not restricting itself to considering only pure-play molybdenum miners, and would consider companies that mine other minerals along with molybdenum, he said.

"We think there are those in the potential investor world, who would view us more favorably if we had a broader portfolio," said Loughrey.

Thompson Creek would consider acquiring companies that have mines located in North America, Australia and certain parts of South America, said Loughrey, but he declined to name companies currently under consideration.

Canada's Mercator Minerals (ML.TO) and Australia's Moly Mines (MOL.AX) (MOL.TO) are among the likely targets that Thompson Creek would consider, analysts have said.

Mercator, a copper and molybdenum producer, is in the process of ramping up production at its mine in Arizona, while Moly Mines is in the process of developing its 100 percent-owned Spinifex Ridge molybdenum-copper project in Western Australia.

WEAK NEAR-TERM OUTLOOK

Analysts see molybdenum demand and prices remaining weak in the first half of 2009, with the market beginning to turn toward the end of 2009 and through 2010, as steel producers finish running off current molybdenum inventories.

Molybdenum, used as a strengthening and anti-corrosion agent in steel and stainless steel, is currently selling for around $9 a pound -- down from $34 a pound in August 2008.

Loughrey said he believes molybdenum prices are drifting along the bottom right now, but there's no way to predict when demand and prices will bounce back.

Earlier this year, Thompson Creek announced major production cuts, in a bid to cope with the slump in demand.

The company expects molybdenum production from its own mines to be between 20 million and 24 million in 2009, with cash costs ranging between $7.25 and $8.25 per pound. Thompson Creek also buys, processes and resells molybdenum from third parties.

Thompson Creek on Thursday announced a quarterly net loss, hurt by a sharp decline in molybdenum prices and certain one-time charges.

Excluding items, the company posted a profit of $68.5 million, or 56 cents a share.

Thompson Creek's shares were down 6 percent to C$4.99 in afternoon trade on Friday on the Toronto Stock Exchange.

($1=$1.24 Canadian)

(Reporting by Euan Rocha; editing by Frank McGurty)

[neuflostein]

Wenn TCM eine TCM-Share für 3 ML-shares bietet, dann können sie meine haben. Lieber ein Spatz in der Hand als.....

[Sharedealer]

Antwort auf Beitrag Nr.: 36.826.971 von neuflostein am 23.03.09 16:36:45

Ganz Deiner Meinung und man hätte es schneller. Naja wenn Mercator
für TCM interessant ist, dann kann Mercator ja nicht so schlecht sein.

[Sharedealer]

Antwort auf Beitrag Nr.: 36.827.290 von Sharedealer am 23.03.09 17:07:21

Ausserdem könnte man die TCM Aktien dann ja auch beruhigt weiter
halten.

[neuflostein]

Ein Problem sehee ich noch in der 120Millionen Anleihe von ML. TCM wird ganz bestimmt nicht seine 250Millionen Cashbestand gefährden, indem sie die 120Millionen übernehmen. Das wäre Wahnsinn, insbesondere weil der Molypreis noch gut Luft nach unten hat. TCM braucht jeden cent selber.

Wenn sie die Schulden allerdings auf dem Markt für 50% aufkaufen, dann sähe es schon etwas anders aus. Trotzdem würde ich als CEO von TCM niemals meine Cashreserven zur Expansion angreifen. Wenn die Weltwirtschaft drei oder vier Jahre schwach bleibt und Moly bis auf die Kosten der Nebenproduzenten fällt, dann gute Nacht TCM...

[neuflostein]

Noch ein Auszug aus dem Stockhouse, ein Site Visit von Blackmont:



Mercator Minerals (ML: $0.59) – Highlights from site visit:
1) Miningis going very well. Grade and tonnage reconciliation with the orereserve running at positive 17% (i.e. getting 17% more than thatpredicted by ore resource model);
2) Plants running well with copperrecovery at 80% versus 82% design, while moly recovery at 78% vs 75%design. As well, concentrates are consistently ~22% for copper and ~48%for moly;
3) SAG motor overheating issue fixed. The mill is currentlyoperating at 1,180 tph, which is higher than the 900-1,000 tph ratepreviously (and compares with original design of 1,050 tph or 25,000tpd). Tweaking of the mill may push this up to 1,250-1,300 tph soon;
4)At current production rates and commodity prices management indicatedthat they are now operating at just above break-even levels;
5) Cashbalance of $7 mm means balance sheet is still tight given accountspayable of $10 mm against accounts receivable of $3 mm; and 5) 2009production forecast maintained at 40 mm lb Cu and 6 mm lb Mo.Management believes they can get cash costs down to $1/lb Cu and $7/lbMo in Q2. It is positive to see operational progress though risksremain given its tight cash position and the low commodity priceenvironment.

Rated Buy with $3.05 Target.


Hört sich soweit in Ordnung an. Wie ML allerdings 14Millionen in Zinsen pro Jahr bezahlen will, wird mir so schnell nicht klar. Wie man bei deratigen Unsicherheiten und Risiken auf ein Kursziel von $3.05 kommt auch nicht. ML kämpft ums überleben und das gibt der Kurs wieder. $3 bezahlt doch kein Mensch solange Moly und Kupfer auch nur annähernd bei heutigen Preisen stehen.

[Martin12345]

Diese Aktie bleibt mir ein Rätsel. Normalerweise müsste Mercator bei den derzeitigen Rahmenbedingungen steigen.

Grüße
Martin

[Schorsch°]

....wenigstens steigt der Kupferpreis.
Vielleicht sind die für ML deswegen so optimistisch?

[neuflostein]

Antwort auf Beitrag Nr.: 36.856.434 von Martin12345 am 26.03.09 17:29:49

Naja, nehmen wir mal an, sie produzieren 40millionen Pfund Kupfer zu $1,20/lb. Macht dann derzeit 24 Millionen Gewinn, abzüglich der 14 Millionen in Zinsen, bleiben also 10 Millionen übrig. Mit Moly machen sie derzeit keinen cent.

Das oben genannte Szenario ist noch extrem optimistisch, meine Prognose ist ein saftiger Verlust in 2009, hoffentlich verbunden mit einer Neuverhandlung über ihre Schulden. Mercator ist angesichts der extremen Risiken durchaus fair bewertet, anhand ihrer zu erwartenden Gewinne bei derzeitigen CU/Moly-Preisen eher überbewertet. 2009er KGV von etwa 8-10, wenn es sehr gut läuft.

[Sharedealer]

Kupfer hat gestern die 4000$/T Marke überschritten. Wenn es nachhaltig noch etwas höher geht, siehts wieder besser aus.

[Martin12345]

Antwort auf Beitrag Nr.: 36.860.407 von neuflostein am 27.03.09 07:12:27

Moly scheint also der Schlüssel zum Erfolg zu sein. Derzeit sind jedoch alle Mega pessimistisch gegenüber Moly eingestellt, da kann ja der Preis eigentlich nur steigen.

Nur gut, dass ich meine Quadra Shares hergeschenkt habe, sonst hätte ich ja noch einen satten Gewinn gemacht.

Grüße
Martin

[Martin12345]

Antwort auf Beitrag Nr.: 36.860.407 von neuflostein am 27.03.09 07:12:27

Mir wäre es egal, wenn kein Gewinn am Ende herausschaut. Es zählt einzig allein das Überleben. Irgendwann steht Moly wieder höher und folglich auch Mercator. Ich habe aber immer noch das Gefühl, dass sich jemand dieses Projekt vorzeitig schnappt. Wo bekommt man schon eine der modernsten Minen mit mehr als 25 Jahren Lebensdauer so billig.

Grüße
Martin

[neuflostein]

So billig ist ML ja gar nicht zu haben, ein Käufer müsste immerhin mindestens $1,20 oder so pro Aktie zahlen und hätte dann noch die 120 Millionen hochverzinsten Schulden am Hals. Insgesamt dürfte Mercator also nicht unter 250 Millionen zu haben sein. Ob das im derzeitigen Umfeld wirlich billig ist, bleibt fraglich.

Wenn Moly auf $15/lb steigt, sieht alles ganz anders aus, dann kommt Kohle rein. Vorher bleibt es äusserst schwierig...

[Sharedealer]

Antwort auf Beitrag Nr.: 36.867.995 von neuflostein am 27.03.09 18:17:23

Naja für die 120 Mio Schulden steht natürlich auch das fertige
Equipment. Wobei ich Dir recht gebe, solange Moly nicht
höher, ist das natürlich nichts wert. Aber als Investition
in die Zukunft, denn wenn Moly erst wieder höher steht, ist
Mercator dann wiederum wohl nicht mehr zu haben.

[neuflostein]

Antwort auf Beitrag Nr.: 36.868.273 von Sharedealer am 27.03.09 18:45:06

Stimmt schon! Wenn man davon ausgeht, dass die Weltwirtschaft und die Metallnachfrage in absehbarer Zeit wieder anzieht, dann ist ML definitiv ein guter Deal.

Heute haben sie sich trotz miesem Umfeld gegen den Markt behauptet, das macht Hoffnung. Nächste Woche kommen die Zahlen, einiges an Negativem ist mit Sicherheit schon eingepreist. Wollen wir hoffen, dass es nicht allzu düster aussieht.

[Videomart]

aus "Casey's Daily Resource"
March 28, 2009

Base Metals

The base metals were mostly in the red on Friday. Copper declined from the pre-dawn hours to shortly after the New York open, then went essentially flat, finishing at $1.7918/lb., down 3 2/3 cents. Nickel was off from the pre-dawn hours to late morning, then gained back a little lost ground but closed at $4.2728/lb., down nearly 6 cents. Zinc also fell until late morning, but then rallied strongly to claw back into the green at $0.5962/lb., up a quarter of a cent. Aluminum sagged, ending barely off its intraday low at $0.626/lb., down a penny and a half, while lead was also weak, giving up a penny and three-quarters, to $0.5736/lb.

Copper led most of the metals lower, as traders feared the dollar rally would reduce their appeal as a hedge.

There was also a measure of position-squaring at week’s end, after copper touched a nearly 5-month high overnight.

However, some analysts see copper’s runup continuing, even in the near term. “Market momentum could carry prices to an upside target of $2.00 a lb. by next week,” said Larry Young, of Infinity Futures in Chicago. But Young added that, “Profit-taking can be expected to pull the market back from that level.”

On the supply front, copper inventories monitored by the LME dropped by 3,150 metric tons yesterday, to 500,750 tons.

The China factor: Shanghai inventories fell by 20% during the past week. But what that means is guesswork.

“You have a lot of people buying copper now because of the idea of demand coming out of China,” said Gijsbert Groenewegen, of Gold Arrow Capital Management in New York. “But people don’t know yet if China is buying copper to add to their stockpiles or because it’s really being consumed. Until you have more sustained signs that the actual consumption is going up, the price will struggle.”

In company news, Australia surprisingly rejected Chinese state-owned Minmetals' $1.7 billion bid for miner OZ Minerals yesterday, citing national security concerns as one of OZ’s mines is close to a weapons-testing facility. The two parties say they will look to revise the deal.

http://caseyresearch.com/displayDrp.php

[Videomart]

Antwort auf Beitrag Nr.: 36.869.610 von neuflostein am 27.03.09 21:29:58

5.03.09
"Keine Phase II Expansion heisst, dass ML niemals die Debt Covenants zu ihren 120 millionen Bonds erfüllen kann.
Finito, Game Over....... "

27.03.09
"Wenn man davon ausgeht, dass die Weltwirtschaft und die Metallnachfrage in absehbarer Zeit wieder anzieht, dann ist ML definitiv ein guter Deal."


War das am 5. März anders???

[neuflostein]

Antwort auf Beitrag Nr.: 36.876.151 von Videomart am 29.03.09 23:21:35

!Wenn! man davon ausgeht, dass die Weltwitschaft und Metallnachfrage anzieht, dann ist ML ein guter Deal für einen Takeover durch eine finanzstarke Firma. Darum ging es in der obigen Diskussion. Dann könnten sie ihre Schulden vielleicht auch ohne Phase II bedienen.

Ansonsten bleibe ich bei meiner Aussage vom 5. März. Ohne Neuverhandlung der Covenants sieht es nicht gut aus.
Die Weltwirtschaft wird so schnell nicht wieder anziehen, der Molypreis erst recht nicht.

Insofern kannst du dir die rote Flagge sparen.

[Videomart]

Antwort auf Beitrag Nr.: 36.879.236 von neuflostein am 30.03.09 13:37:47

Die Weltwirtschaft wird so schnell nicht wieder anziehen

Ganz sicher nicht...


March 28, 2009
George Soros, the man who broke the Bank, sees a global meltdown
http://www.timesonline.co.uk/tol/news/uk/article5989163.ece

[Martin12345]

Mercator Financial Results for the Year ended December 31, 2008

http://finance.yahoo.com/news/Mercator-Financial-Results-cnw…

[neuflostein]

Mercator Financial Results for the Year ended December 31, 2008

08:15 EDT Wednesday, April 01, 2009

(Stated in US Dollars unless otherwise indicated)

TRADING SYMBOL: TSX - ML

KINGMAN, AZ, April 1 /CNW/ - Mercator Minerals Ltd. has released its financial results for the year ended December 31, 2008, which are available on SEDAR and the Company's website.

After interest payments of $15.13 million ($13.8 million in interest paid on the Notes issued by the Company in 2007) and $7.68 million in non-cash items including accretion, amortization and stock based compensation (2007 $15.42 million), the Company recorded a net loss of $28.33 million or $0.38 per share, compared with a net loss of $10.53 million ($0.16 per share) for 2007. Mercator spent $131.32 million in capital in 2008, to substantially increase copper production and to start molybdenum at its Mineral Park Mine.

"2008 was a defining year for Mercator; it marks the completion of one of the largest mill construction projects in North America and the start of copper and molybdenum concentrate production from our Mineral Park Mine in Arizona," said Michael L. Surratt, President and CEO. "We are continuing to ramp up production levels in our new mill and are now continuously exceeding design throughput while maintaining design recoveries and concentrate grades. We expect the second quarter of 2009 to be an outstanding one for the Mineral Park Mine and for Mercator,"Mr. Surratt added.

Record mill throughput

Commissioning and circuit optimization continued into the first quarter of 2009. By the end of March, the mill was exceeding design tonnages while still making forecast recoveries and concentrate grades. Since changing out an underperforming SAG mill motor onMarch 12 and changing a well field pump motor the following week, the mill has been averaging over 30,000 tons per day of throughput, versus the design 25,000 tons per day (20% above design). The mill set a new throughput record onMarch 29 , processing 35,223 tons of ore (more than 40% above design), producing 483 tons of copper concentrate containing 21.1% copper, suggesting potential for the mill to provide sustained outperformance going forward. For the month of March, Mineral Park produced 3,279,303 pounds of copper which, on an annualized basis equates to approximately 39 million pounds.

The molybdenum circuit has been slower to optimize, given the prioritization of the copper circuit. During March, approximately 244,000 pounds of molybdenum were produced and a significant amount of it since the motor changes. Molybdenum concentrate grades are running between 46% (the minimum by contract) and 52%. To further improve molybdenum production, a column floatation cell is being added and should be operational by mid-April. In addition, ore with lower than typical molybdenum grades were processed until the system was fully operational.

Financial Highlights for the Year ended December 31, 2008

<< - Production of 10.6 million pounds of copper in 2008 compared to 11.2 million pounds of copper in 2007; - For the year ended December 31, 2008, the Company reported a net loss of $28.33 million ($0. 38 per share) compared with a net loss of $10.53 million ($0.16 per share), for the corresponding period in 2007 as a result of increased accretion and amortization expense at the Mineral Park Mine and an increased stock based compensation expense applicable to all employees at the Mineral Park Mine; - Assets of $249.16 million for the year ended December 31, 2008 (2007 - $206.57 million); - Cash and cash equivalents on hand at December 31, 2008 of $3.0 million as compared to $104.5 million for the year ended December 31, 2007, and working capital deficit at December 31, 2008 of $25.35 million, as compared to working capital of $102.3 million for the corresponding period in 2007; - Subsequent to year end, the Company sold to a syndicate of underwriters, 33,349,425 units (each a "Unit"), of which 4,349,925 Units were issued pursuant to the exercise in full of the over-allotment option granted to the underwriters, to raise gross proceeds of CDN$23.3 million ($19.1million). Net proceeds from this transaction were CDN$21.86 million ($17.91 million). Each Unit was comprised of one common share (the "Common Shares") and one-half of one common share purchase warrant (the "Warrants"). Each Warrant entitles the holder to purchase one additional Common Share of the Company at a price of CDN$1.00 per share for four years after closing. - Gross Sales Revenue at Mineral Park, before expenses, for the year ended December 31, 2008, was $29.18 million compared to $36.07 million for the corresponding period in 2007; - Capital expenditures of $131.32 million in 2008 focused on the development of the process plant at Mineral Park capable of producing copper and molybdenum concentrates. >>

All financial information contained herein should be read in conjunction with the Company's Management Discussion and Analysis and audited financial statements for the years endedDecember 31, 2008 and 2007 and related notes thereto available under the Company's profile on www.sedar.com.

Gary Simmerman, BSc, Mercator's VP Engineering, a Qualified Person as defined by NI43-101, supervised the preparation of and verified the technical information contained in this release.

Mercator Minerals Ltd.

Mercator Minerals Ltd. is a TSX listed mining company with an experienced management team that has brought the mill expansion at the Mineral Park Mine, one of the largest and most modern copper-moly mining-milling operations inNorth America to production in less than 2 years. Mercator management is dedicated to maximizing profits by making its Mineral Park Mine one of the lowest cost operations in the industry.

[hbg55]

.......RT....cad 0,62

[Martin12345]

Antwort auf Beitrag Nr.: 36.900.809 von hbg55 am 01.04.09 20:16:47

Bist Du wieder aufgesprungen?

Grüße
Martin

[Sharedealer]

Was ist denn jetzt los in Can ? Weiss jemand was ?

[hbg55]

Antwort auf Beitrag Nr.: 36.900.838 von Martin12345 am 01.04.09 20:20:07

....neeee - hab die ganze zeit schön gehalten bzw. verbilligt !!!

[Sharedealer]

Antwort auf Beitrag Nr.: 36.901.667 von hbg55 am 01.04.09 22:04:06

Gut gemacht

[hbg55]

Antwort auf Beitrag Nr.: 36.900.809 von hbg55 am 01.04.09 20:16:47

.......einfach GREAT......die heutigen last 10 trades bei rekordver-
dächitigem vol. von 5,8 mio shares und nem kurssprung von über 24 %......


Time Ex Price Change Volume Buyer Seller Markers


15:59:42 T 0.72 +0.14 8,000 2 RBC 2 RBC K
15:59:41 T 0.72 +0.14 500 2 RBC 7 TD Sec K
15:59:24 T 0.72 +0.14 4,500 81 HSBC 7 TD Sec K
15:59:24 T 0.72 +0.14 5,000 81 HSBC 33 Canaccord K
15:59:24 T 0.72 +0.14 500 81 HSBC 124 Questrade K
15:59:19 T 0.70 +0.12 500 1 Anonymous 7 TD Sec K
15:59:05 T 0.72 +0.14 4,500 1 Anonymous 124 Questrade K
15:59:05 T 0.72 +0.14 5,000 1 Anonymous 88 Scotia iTRADE K
15:58:48 T 0.72 +0.14 5,000 1 Anonymous 88 Scotia iTRADE K
15:58:48 T 0.72 +0.14 1,000 1 Anonymous 7 TD Sec K

[Videomart]

Mercator Financial Results for the Year ended December 31, 2008
April 1, 2009 8:15 AM ET
(Stated in US Dollars unless otherwise indicated)

TRADING SYMBOL: TSX - ML

KINGMAN, AZ, April 1 /PRNewswire-FirstCall/ - Mercator Minerals Ltd. has released its financial results for the year ended December 31, 2008, which are available on SEDAR and the Company's website.

After interest payments of $15.13 million ($13.8 million in interest paid on the Notes issued by the Company in 2007) and $7.68 million in non-cash items including accretion, amortization and stock based compensation (2007 $15.42 million), the Company recorded a net loss of $28.33 million or $0.38 per share, compared with a net loss of $10.53 million ($0.16 per share) for 2007. Mercator spent $131.32 million in capital in 2008, to substantially increase copper production and to start molybdenum at its Mineral Park Mine.

"2008 was a defining year for Mercator; it marks the completion of one of the largest mill construction projects in North America and the start of copper and molybdenum concentrate production from our Mineral Park Mine in Arizona," said Michael L. Surratt, President and CEO. "We are continuing to ramp up production levels in our new mill and are now continuously exceeding design throughput while maintaining design recoveries and concentrate grades. We expect the second quarter of 2009 to be an outstanding one for the Mineral Park Mine and for Mercator," Mr. Surratt added.

Record mill throughput

Commissioning and circuit optimization continued into the first quarter of 2009. By the end of March, the mill was exceeding design tonnages while still making forecast recoveries and concentrate grades. Since changing out an underperforming SAG mill motor on March 12 and changing a well field pump motor the following week, the mill has been averaging over 30,000 tons per day of throughput, versus the design 25,000 tons per day (20% above design). The mill set a new throughput record on March 29, processing 35,223 tons of ore (more than 40% above design), producing 483 tons of copper concentrate containing 21.1% copper, suggesting potential for the mill to provide sustained outperformance going forward. For the month of March, Mineral Park produced 3,279,303 pounds of copper which, on an annualized basis equates to approximately 39 million pounds.

The molybdenum circuit has been slower to optimize, given the prioritization of the copper circuit. During March, approximately 244,000 pounds of molybdenum were produced and a significant amount of it since the motor changes. Molybdenum concentrate grades are running between 46% (the minimum by contract) and 52%. To further improve molybdenum production, a column floatation cell is being added and should be operational by mid-April. In addition, ore with lower than typical molybdenum grades were processed until the system was fully operational.


Financial Highlights for the Year ended December 31, 2008


- Production of 10.6 million pounds of copper in 2008 compared to
11.2 million pounds of copper in 2007; - For the year ended December 31, 2008, the Company reported a net loss
of $28.33 million ($0. 38 per share) compared with a net loss of
$10.53 million ($0.16 per share), for the corresponding period in
2007 as a result of increased accretion and amortization expense at
the Mineral Park Mine and an increased stock based compensation
expense applicable to all employees at the Mineral Park Mine; - Assets of $249.16 million for the year ended December 31, 2008
(2007 - $206.57 million); - Cash and cash equivalents on hand at December 31, 2008 of
$3.0 million as compared to $104.5 million for the year ended
December 31, 2007, and working capital deficit at December 31, 2008
of $25.35 million, as compared to working capital of $102.3 million
for the corresponding period in 2007; - Subsequent to year end, the Company sold to a syndicate of
underwriters, 33,349,425 units (each a "Unit"), of which 4,349,925
Units were issued pursuant to the exercise in full of the
over-allotment option granted to the underwriters, to raise gross
proceeds of CDN$23.3 million ($19.1million). Net proceeds from this
transaction were CDN$21.86 million ($17.91 million). Each Unit was
comprised of one common share (the "Common Shares") and one-half of
one common share purchase warrant (the "Warrants"). Each Warrant
entitles the holder to purchase one additional Common Share of the
Company at a price of CDN$1.00 per share for four years after
closing. - Gross Sales Revenue at Mineral Park, before expenses, for the year
ended December 31, 2008, was $29.18 million compared to
$36.07 million for the corresponding period in 2007; - Capital expenditures of $131.32 million in 2008 focused on the
development of the process plant at Mineral Park capable of producing
copper and molybdenum concentrates.

All financial information contained herein should be read in conjunction with the Company's Management Discussion and Analysis and audited financial statements for the years ended December 31, 2008 and 2007 and related notes thereto available under the Company's profile on www.sedar.com.

Gary Simmerman, BSc, Mercator's VP Engineering, a Qualified Person as defined by NI43-101, supervised the preparation of and verified the technical information contained in this release.

Mercator Minerals Ltd.

Mercator Minerals Ltd. is a TSX listed mining company with an experienced management team that has brought the mill expansion at the Mineral Park Mine, one of the largest and most modern copper-moly mining-milling operations in North America to production in less than 2 years. Mercator management is dedicated to maximizing profits by making its Mineral Park Mine one of the lowest cost operations in the industry.


On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,

President

This press release contains certain forward-looking statements, which include estimates, forecasts, and statements as to management's expectations with respect to, among other things, the use of proceeds, the completion of the transaction, the ability to obtain regulatory approval, the size and quality of the Company's mineral reserves and mineral resources, future production, capital and mine production costs, demand and market outlook for commodities, and the financial results of the Company. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary. Factors that may cause actual results to vary include, but are not limited to, certain transactions, certain approvals, changes in commodity and power prices, changes in interest and currency exchange rates, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials and equipment, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. These risks are described in more detail in the Annual Information Form of the Company. The Company does not assume the obligation to revise or update these forward-looking statements after the date of this report or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws. For a more complete discussion, please refer to the Company's audited financial statements and MD&A for the year ended December 31, 2008 on the SEDAR website at www.sedar.com.


The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this press release.

SOURCE Mercator Minerals Ltd.

Copyright 2009 PR Newswire


http://news.moneycentral.msn.com/printarticle.aspx?feed=PR&d…

[Videomart]

Antwort auf Beitrag Nr.: 36.706.976 von neuflostein am 05.03.09 16:08:35

"Keine Phase II Expansion heisst, dass ML niemals die Debt Covenants zu ihren 120 millionen Bonds erfüllen kann.

Finito, Game Over......."

Dummschwätzer!!!

[neuflostein]

Antwort auf Beitrag Nr.: 36.902.289 von Videomart am 02.04.09 00:32:27

Jetzt bleib mal locker, du Affe!!

Damals sah der Kupferpreis auch noch anders aus und ich war frustriert, weil ich meine Restposition Richtung null gehen sah.

[Videomart]

Antwort auf Beitrag Nr.: 36.902.666 von neuflostein am 02.04.09 08:03:22

Damals sah der Kupferpreis auch noch anders aus

Klar, und den Usern hier wolltest Du einreden, er würde noch unter einen Dollar fallen, obwohl er sich schon klar im Aufwärtstrend befand.
Ich an Deine Stelle wäre in Zukunft etwas vorsichtiger mit den Thesen, die ich hier zum Besten gebe!

Damit ist der Fall für mich erledigt.

[Videomart]

Antwort auf Beitrag Nr.: 36.903.607 von Videomart am 02.04.09 10:05:19

kaufe ein 'r'!

[hbg55]

ausm SH- board..........



Research report on ML

For any newcomers to this board a research report on ML can be accessed at www.baystreet.ca by Jennings Capital. It came out mid-Feb. and they put a 12 month target of $2.10.

Great tables of cashflow and earnings at various prices for copper and moly but one thing they didn't consider was a throughput of 35,000 tpd. That would change their numbers a little. It also details the possible cash call by the noteholders and feels it won't happen. Check it out. Macjack



....wenn die sich bei JENNINGS nicht verrechnet haben, geht da noch ´abissl´

[Martin12345]

Bin gespannt wie lange Kupfer noch weiter steigt. Langsam sehe ich schon eine gewisse Überhitzung. Mercator profitiert natürlich extrem von diesem Preislevel.

Grüße
Martin

[Videomart]

Chinese buying revitalizes copper price
Up 30% in 2 months

Peter Koven, Financial Post
Published: Friday, April 03, 2009

Could the worst really be over for the base metals? According to the experts, maybe not.

In the past few weeks, as some glimmers of economic recovery have filtered into the markets, the price of copper has taken a noticeable move to the upside -- it is up about 30% in the last two months, closing at US$1.87 a pound yesterday.

That is nowhere near the spectacular highs above US$4 a pound that were reached last year, when stories of people ripping roofs off churches or stripping copper wire out of abandoned buildings became routine. It is nonetheless an impressive move, and the copper equities have followed it with spectacular rallies this year. Shares of Canadian copper miners like Inmet Mining Corp. (IMN/TSX), Quadra Mining Ltd. (QUA/TSX), Lundin Mining Corp. (LUN/TSX), and First Quantum Minerals Ltd. (FM/TSX) have tripled from their lows last December.

Copper is the flagship base metal, and is often called "Dr. Copper" because of its ability to forecast the state of the economy in general and the metal markets in particular. But none of the other base metals have followed copper's recent rally, and industry experts do not expect that it will have very long legs.

Put simply, copper is up because the Chinese are loading up on strategic reserves as they begin to spend billions on infrastructure projects. Reports suggest that China alone has bought about 300,000 tonnes in recent weeks, and the result is the first notable decline in inventories on the London Metals Exchange since last summer.

Derek White, executive vice-president of business development at Quadra, said that a lot of the scrap metal that China was using during the boom times has disappeared from the market. Now it is trying to make up for its shortfall.

"My own personal view is this shorter-term buying has really been more of a restocking exercise, and trying to come to grips with the scrap situation," he said.

Augmenting that is a growing realization that China cannot just go and buy all the copper assets it wants. Last week, the Australian government blocked the Chinese purchase of the Prominent Hill mine for national security reasons.

Copper is also getting increased interest as an inflation hedge.

But none of this has much to do with the fundamental demand picture. Orest Wowkodaw, an analyst at Canaccord Adams, said in an interview that he has not seen "any real evidence" of a recovery on the demand side. Canaccord has downgraded some of the rallying copper stocks recently for that reason.

"We recognize there's a lot of momentum on the upside, and we're just trying to balance the inflation hedge and the stockpiling versus what's really happening on a fundamental basis, which doesn't look very good at the moment," he said.

When demand returns, there is hope that the move upward could be dramatic. Copper inventories are still paper-thin compared to other base metals. And mine supply will have trouble keeping up with demand now that the scrap processing market is almost gone.

"I think you may see copper drift down a little or move sideways in the shorter-term, but in the next 12 months I think you'll see it [move up] again," Mr. White said.

And as for the other base metals, industry experts see little hope for a significant short-term rally. Zinc, aluminum and nickel are still in over-supply situations, and many of the mines and smelters that are still running are losing money.

[e-mail]


http://www.financialpost.com/story.html?id=1458244

[Videomart]

Copper’s Declining Demand Pushes Prices 21% Lower

By Claudia Carpenter, Millie Munshi and Anna Stablum

April 6 (Bloomberg) -- Copper, this year’s best industrial- metal investment, may become the worst in the second quarter as demand slumps the most in three decades.

Known as the commodity with an economics Ph.D., copper risks losing its reputation as an industrial barometer because prices rose 40 percent by April 3, the best start to a year since at least 1986, just as the global economy contracted for the first time since World War II, according to data compiled by Bloomberg. Prices rose as China, the largest user, agreed to stockpile as much as 400,000 metric tons, based on Macquarie Group Ltd. estimates, enough to fill 18 Olympic swimming pools.

Copper will average $3,400 a ton this quarter, 21 percent below the April 3 closing price of $4,301 on the London Metal Exchange, according to the median estimate of 13 analysts surveyed by Bloomberg. U.S. manufacturing contracted for 14 consecutive months, Japan’s Tankan survey of business sentiment fell to the lowest on record and euro-region unemployment rose to the highest level in almost three years.

“We’re running out of impetus here,” said Sean Corrigan, who helps manage about $5 billion in commodities at Diapason Commodities Management SA in Lausanne, Switzerland. “We’re not building houses anywhere in the world, car sales are down by 50 to 60 percent in the major economies and commercial real estate is running into problems.”

U.S. Homebuilders

Consumption will shrink 9.2 percent in 2009, the biggest drop since 1975, according to Sydney-based Macquarie. New autos in the U.S. sold at an annual rate of 9.86 million units in March, compared with an average of 16.8 million this decade through 2007, according to Autodata Corp. of Woodcliff Lake, New Jersey. The average car contains 2 kilometers (1.2 miles) of copper and alloy cables.

Confidence among U.S. homebuilders in March stayed near a record low, the National Association of Home Builders/Wells Fargo index showed. Developers use about 400 pounds of copper pipes, wire and related goods in a typical American house.

“Copper is very expensive, relative to the collapse in industrial demand,” said Lars Steffensen, managing director at Southend-on-Sea, England-based hedge fund Ebullio Capital Management LLP. Copper should fall to $2,500 a ton because there’s no shortage, said Steffensen, whose $13 million fund has risen 31 percent since opening to outside investors in August.

Commodity Futures

Global copper stockpiles tripled to about 567,000 tons since July, according to combined figures reported by the London Metal Exchange, New York Mercantile Exchange and the Shanghai Futures Exchange as of April 3. That’s equal to more than 12 days of global demand.

Hedge-fund managers and other large speculators increased their net-short position in New York copper futures by 0.6 percent in the week ended March 31, according to U.S. Commodity Futures Trading Commission data. Speculative short positions, or bets prices will fall, outnumber long positions by 18,525 contracts. The average since copper peaked in May has been a net short position of about 12,000 contracts.

Prices rose partly because of China’s purchases for stockpiles, said Stephen Briggs, an analyst at RBS Global Banking & Markets in London.

The Beijing-based State Reserve Bureau took advantage of the 54 percent price decline in 2008 to agree to buy 300,000 to 400,000 tons of copper, according to Macquarie, which forecasts a surplus of 936,000 tons in 2009. A decline in manufacturing contributed to a slump in inventories of scrap, the Brussels- based European Metal Trade and Recycling Federation said.

Reducing Purchases

Copper’s 51 percent increase to April 3 from Dec. 24, when prices reached a four-year low, probably means China is reducing purchases, said Briggs. “I am pretty confident that the SRB is not buying at $4,000,” he said.

Morgan Stanley says copper is the industrial metal most likely to drop in the second half of 2009. Buying by China may have ended, demand is sagging and producers haven’t been aggressive enough in shutting mines, New York-based Hussein Allidina and three of his colleagues said in an April 2 report.

The forecast for a 21 percent drop in copper compares with declines of 14 percent for zinc and 9 percent for lead, and gains of 8 percent for tin and 30 percent for uranium, according to analyst estimates compiled by Bloomberg. Percentages were calculated on the basis of April 3 prices.

Some producers are more optimistic. Charlie Sartain, chief executive officer of Xstrata Copper, a unit of the world’s fourth-largest producer, said last week the Zug, Switzerland- based group may buy other mining companies to help double output and prepare for a rebound in demand.

U.S. Demand

Jose Pablo Arellano, CEO of Santiago, Chile-based Codelco, the world’s biggest copper miner, said on March 31 that U.S. demand may have bottomed. Chilean Mining Minister Santiago Gonzalez said last week that December’s lows are “in the past” as Chinese demand rebounds. Chile is the largest copper- producing nation. Copper fell 0.8 percent to $4,266.50 a ton as of 5:15 p.m. on the LME.

Freeport-McMoRan Copper & Gold Inc.’s Richard Adkerson, chief executive officer of the world’s largest publicly traded copper producer, said April 2 it’s too early to reverse cuts made in 2008. The New Orleans-based company is expected to report first-quarter net income of $36 million, compared with $1.19 billion a year earlier, according to the median of six analyst estimates compiled by Bloomberg.

The 82-member Bloomberg World Mining Index, led by Melbourne-based BHP Billiton Ltd., plunged 56 percent in the 12 months through April 3.

Housing Market

Even a turnaround in the housing market may not be enough to stir demand. The number of unsold homes in the U.S. at the end of February equaled 9.7 months of sales, based on current transaction rates, according to the National Association of Realtors. Home prices in 20 U.S. cities plummeted 19 percent in January from a year earlier, the fastest drop on record, the S&P/Case-Shiller home-price index shows.

The number of Americans signing contracts to buy previously owned homes rose 2.1 percent in February, the National Association of Realtors said April 1.

“The last two weeks have shown improvement but I still think that we have an economy that has some issues,” Joel Rassman, chief financial officer at Horsham, Pennsylvania-based Toll Brothers Inc., the largest U.S. builder of luxury homes, said April 1 in an interview with Bloomberg Television.

The prospects of trillions of dollars of government spending on roads, bridges and public works projects to revive growth bolstered commodities in the first quarter.

Developing Markets

“Money poured into copper and the industrial commodities on the assumption that growth in the developing markets would come back sooner rather than later,” said Peter Sorrentino, who helps manage $13.3 billion at Huntington Asset Advisors in Cincinnati. “That has gotten a little overdone. The stimulus packages aren’t going to have a real impact until 2010.”

U.S. gross domestic product is expected to shrink 2.5 percent in 2009 and expand 1.8 percent in 2010, according to a Bloomberg survey of economists. The eurozone economy will contract 2.9 percent this year and expand 0.5 percent in 2010.

World industrial production will drop 7.4 percent in 2009, paced by an 18 percent decline in Japan, almost 13 percent in Europe and 10 percent in the U.S., according to Macquarie. It will expand 2.9 percent in 2010, the bank predicts.

“We think we could see a pretty significant selloff in the next quarter,” Sorrentino said. “Until we see demand start to turn around and stockpiles disappear, the prices will remain under pressure.”

To contact the reporters on the story: Millie Munshi in New York at [e-mail]; Anna Stablum in London at [e-mail]; and Claudia Carpenter in London at [e-mail]

http://www.bloomberg.com/apps/news?pid=20601087&sid=abPKnWcz…

[Videomart]

April 8, 2009
Jennings Capital Inc.
Mercator Minerals LTD.(TSX-ML)
2008 Financial and Operating Results
http://www.baystreet.ca/articles/research_reports/jennings_c…

[Videomart]

Copper and zinc prices have best chance for rebound
Aluminum and nickel prices have worst chance to rebound

By Tom Stundza -- Purchasing, 4/1/2009 12:13:00 PM

Copper and zinc are the base metals most likely to react fastest with higher prices to an eventual upturn in demand, according to a report by Barclays Capital. In the latest edition of their Commodity Refiner report, analysts at the London-based bank write: “We expect copper and zinc prices to be the first and the fastest to rebound once demand improves, while the losers, aluminum and nickel, will see prices recover the last and the least.”

But, while they believe the fiscal stimulus programs in play in the U.S., the European Union and China eventually will spur demand for nonferrous metals used in construction activities, they admit that probably won’t occur until 2010 or 2011. And they admit that copper and zinc metals also are facing the same potential supply-side challenges as aluminum and nickel--large surpluses at the mines and smelters and stockpiles at exchange warehouses.

Looking at their most-bullish forecast, Barclays is forecasting an average copper price of $1.82/lb this year, down from $3.16 in 2008 and rebounding to $2.49 in 2010 and $3.18 in 2011.

A separate survey by Macquarie Group of Sydney says that “commodity demand is in the eye of the storm and that there may not be too much further downside to global demand. Indeed, the falls in global industrial output are close to matching those witnessed in the very sharp and deep downturn in the mid-1970s. If the current cycle continues to track that of the mid-1970s, industrial output would bottom sometime over the next six months.”

However, with global demand not expected to recover until next year, and the rate of future growth uncertain, the Macquarie bank analysts say that copper demand will drop 9% this year and sees reduced demand for aluminum, nickel, zinc, lead and tin--suggesting that supply gluts could depress pricing overall through 2010.

Meanwhile, prices of commodities dropped for a third straight quarter, the longest losing streak since 2001, as demand for raw materials from crude oil to nickel shrank and producers failed to cut output fast enough, according to a Bloomberg report.

The Reuters/Jefferies CRB Index of 19 commodities fell 4% this quarter, adding to a 50% drop in the second half of 2008. Natural gas, nickel and wheat led the declines, overwhelming advances in gasoline, copper and hogs.

http://www.purchasing.com/article/CA6648526.html

[Videomart]

Mercator Minerals climbs on silver shipment news
4/9/2009 10:25:25 AM

Company makes first shipment of silver from Arizona mine to Silver Wheaton (Caymans)

Shares of Mercator Minerals (TSX: T.ML, Stock Forum) gained 11% to 80 cents Thursday, as the company reported that it has made its first shipment of silver to Silver Wheaton (Caymans) Ltd., from its Mineral Park Mine in Arizona.

In March, 2008, a subsidiary of Mercator and Silver Wheaton (Caymans), a subsidiary of Silver Wheaton Corp. (TSX: T.SLW, Stock Forum) entered into a $42 million agreement for Mercator to transfer to Silver Wheaton (Caymans) all the silver from the Mineral Park Mine In Arizona and Silver Wheaton will pay Mercator's subsidiary $3.90 per ounce.

This shipment of 11,000 ounces represents the first delivery of silver ounces received from the concentrates from Mercator's Mineral Park Mine under that agreement, says the company.

"The silver stream agreement with Silver Wheaton was a critical step in the funding for the expansion of the Mineral Park Mine," said Mike Surratt, president and CEO of Mercator Minerals. "With the Mineral Park Mine now regularly exceeding design parameters, this shipment represents another milestone in the advancement of our mine and we are pleased to have started making shipments under the silver stream agreement."

The company also provided a production update, saying that over the last 11 days, mill throughput at Mineral Park has been between 27,000 and 32,000 tons per day, versus a design level of 25,000 ton per day, and the ramp up continues.

"We continue to be impressed with the capabilities of our new mill as we test the limits of its tonnage and operating flexibility and, as our crews obtain more experience with the circuit, we continue to improve in all areas," said Surratt.

Production is averaging over 459 tons of copper concentrates per day, says the company, also noting that molybdenum production continues to ramp up.

On the Mercator Bullboard Thursday morning, risky said: “I certainly wasn;'t expecting news this morning, but it certainly is excellent news. I am certain this will perk us those sleepy investors who have been on the sidelines[sic]”…

http://www.stockhouse.com/community-news/2009/april/9/mercat…

[hbg55]

Antwort auf Beitrag Nr.: 36.951.130 von Videomart am 09.04.09 17:28:21

[Videomart]

"Citi ringing a bell for the bottom of commodities market"

PURE SPECULATION: Robin Bromby | April 06, 2009
Article from: The Australian
http://www.theaustralian.news.com.au/business/story/0,28124,…

[hbg55]

RT...0,95

[Martin12345]

Antwort auf Beitrag Nr.: 36.951.877 von hbg55 am 09.04.09 19:09:18

Alles geht schon wieder zu schnell rauf. Ich dachte wir stünden vor einer längeren Durststrecke. Wenn ich mir die Märkte so anschaue, dann schaut es ganz anders aus.

Grüße
Martin

[OnkelDilbert]

Antwort auf Beitrag Nr.: 36.951.974 von Martin12345 am 09.04.09 19:20:05

Das geht ja mächtig "up" - nach Norden (RT 0.99!) - ein schneller Rebound.


Aber die Kurse waren auch wirklich am Boden...

[Videomart]

Größtes Volumen bisher bei dieser Aktie...

[Videomart]

Falling stockpiles spur copper surge

CHRIS KELLY AND REBEKAH CURTIS
Reuters, April 9, 2009 at 4:23 PM EDT

NEW YORK, LONDON — Copper prices surged on Thursday to their highest levels since late October, driven by a sharp rally in global equities and inventory data showing more metal may be making its way to China.

“The inventory draw-downs are supporting copper prices, but the rally in equities today has added some fuel to the fire,” said Michael Gross, futures analyst with Optionsellers.com in Tampa, Florida.

Copper for May delivery on the New York Mercantile Exchange's Comex division shot up 7.25 cents (U.S.), or 3.6 per cent, to settle at $2.0710 a pound, its highest level on a closing basis since Oct. 29.

The price of the metal, used widely in power and construction, is up more than 48 per cent since the start of the year.

“We have a nice-looking uptrend in copper right now,” Mr. Gross said. “I think current trends hint that the funds are building some long positions.”

Benchmark copper on the London Metal Exchange rose to a session peak at $4,564 a tonne, its highest level since Oct. 30, before closing at $4,550, up $150 from Wednesday's close.

“Metal is being pulled from LME warehouses into China,” said Citigroup analyst David Thurtell. “There are a few more green shoots [of recovery] coming out.”

Analysts say copper is heading for China, the world's largest consumer, because of a price premium in Shanghai over LME prices – about $1,200 a tonne.

“People can earn a pretty decent margin by taking material out of LME warehouses and selling it into China,” Gayle Berry, an analyst at Barclays Capital, said.

“There has been some consumer restocking and there is tightness in the scrap market, but not enough to account for the sheer volumes of metal going to China.”

Analysts said Chinese imports of refined copper could touch the 300,000-tonne level for the first time, surpassing the all-time high of 270,948 tonnes in February.

Stocks of copper in LME warehouses fell 7,425 tonnes to 496,775 tonnes, the lowest in nearly three weeks.

Cancelled warrants, or metal earmarked for delivery, rose to 62,575 on Wednesday – more than 12 per cent of total stocks – compared with 59,825 the previous day.

Many of the cancelled warrants are now in European warehouses, such as Rotterdam in the Netherlands.

Falling freight rates from Europe to Asia are boosting the premium for material in China.

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, has been falling. It has tumbled to 1,478 index points from 2,298 on March 10.

Lower freight costs have also raised the premium, at a record $650 a tonne, for aluminum in Shanghai over LME prices.

Cancelled warrants on LME aluminum stocks, at 93,500 tonnes, were down a touch from the previous day, but they compare with 10,575 tonnes in the middle of January.

Most are in Singapore, an indication they may be heading for China, the world's top consumer and producer.

However, LME stocks of aluminum, used in transport and packaging, rose to a record above 3.55 million tonnes, a gain of more than 50 per cent since January.

Aluminum closed at $1,536 a tonne, up from $1,492, after reaching $1,538, its highest since Jan. 12.

Zinc hit $1,405 a tonne, its highest since mid-October, and closed at $1,393, up from $1,370.

Lead was quoted at $1,401/1,403 a tonne, up from $1,335, having hit $1,414, its highest since early November. Analysts say the battery-making material has been helped by low stocks that, at around 60,000 tonnes, equate to less than three days' consumption.

Steel-making ingredient nickel was quoted at $11,040/11,045 a tonne, up from Wednesday's last bid at $10,970.

Tin was quoted at $10,995/11,000 a tonne, up from $10,900.

http://www.theglobeandmail.com/servlet/story/RTGAM.20090409.…

[Videomart]

"Chile molybdenum output forecast to rise 18.7% in 2009"

SÃO PAULO (Metal-Pages) 10-Apr-2009

Cochilco, the Chilean government advisory commission, says it expects molybdenum production to reach 40000 tonnes this year – an increase of 18.7%.
The increase is almost the same as that expected for copper between 2009 and 2015. Copper output is expected to rise 18.8% to 6.3 million tonnes by 2015 from 5.3 million tonnes this year.
Should the increase come to fruition, it would be the result of an expected 34.2% rise in copper concentrate production and 7.3% decline in copper cathode pruduction...
Cochilco expects molybdenum prices to average $ 11/lb this year, though the price will fluctuate between $ 9-14/lb.

Quelle:
www.metal-pages.com/news/story/38851/

[Videomart]

Mercator Minerals Ltd verkaufen erste Ladung Silber an Silver Wheaton
Donnerstag, 09.04.2009

München (silberinfo) Mercator Minerals Ltd gibt bekannt, dass man die erste Ladung Silber an Silver Wheaton versendet hat.

Im März 2008 waren Mercator mit Silver Wheaton eine Vereinbarung eingegangen, wonach Mercator sämtliches, in der Mineral Park Kupfer-Molybdänmine anfallende Silber zum Festpreis von je 3,90 USD je Unze an Silver Wheaton verkaufen. Dafür hatte man seinerzeit eine Vorauszahlung in Höhe von 42 Mio. USD erhalten. Wie es heißt, hat man insgesamt 11,000 Unzen Silber geliefert. Bezüglich der Performance in der Mineral Park Mine gibt Mercator bekannt, dass man in den letzten 11 Tagen zwischen 27,000 und 32,000t Erz pro Tag verarbeitet hat und damit deutlich mehr, als die 25,000t Erz, welche man in der Planung vorgesehen hat (09.04.2009 si/as/tw).

http://www.silberinfo.com/home/nachrichten/news-zu-edelmetal…

[Videomart]

Will copper ride on China wave continue?
2009-04-11 16:30:00

BEIJING: Did you hear talks about China becoming the super power beating the US in near future? If you haven’t, then this is the time to think on those lines.

It seems China is the only economy which is making the maximum use of the recession looming over the world at present.

Even though people talk about India emerging victorious from the slump at present, China is one country with surplus cash reserves which is using the recession to boost its economy in the coming years.

If you notice China’s copper buying only, it can give you a clear picture of what is in store.

And, in the process of continuous buying China also pushed the prices of copper up.

China’s imports of unwrought and semi-finished copper rose to 374,957 tonnes in March, 14 per cent higher than the previous record of 329,311 tonnes set in February.

China’s $585-billion in stimulus spending has fuelled rebounds in steel and electricity output and restored investment to rates that preceded the financial crisis.

Despite the global economic crisis, China has sucked in increasing volumes of refined copper in recent months, with a tight market causing spot prices to soar.

A shortage of copper scrap and buying by China’s State Reserves Bureau have forced the prices to shoot up now.

Chile, Japan, Australia and Europe have supplied the bulk of China’s copper imports in recent months.

Copper jumped 20 per cent in March, the biggest monthly gain since April, 2006, on speculation that government spending plans in the US and China would help revive global economic growth and boost demand for industrial metals.

On April 3, copper hit a five-month high of $4,300 a tonne for the LME 3-month price. However, all these soaring feeling in copper market is not enough o wash away the fears among investors.

There is widespread expectation that demand would decline by anything between 5 per cent and 10 per cent during 2009.

According to Barclays Capital, Europe is seen as possibly the weakest region at present with local suppliers indicating that their order levels from construction as also wire and cables sector were running 40-60 per cent down year-on-year.

In the US and Japan demand is collapsing. While macroeconomic factors have helped the price rally, the fundamentals are less positive.

There is the possibility of pullback by as much as 20 per cent from the current levels as the rally is fundamentally unsustainable.
However, in the longer term, the expectations are optimistic.

The ongoing urbanisation in emerging markets and use of copper for more efficient electricity usage (part of push towards greener economies) will be supportive.

http://www.commodityonline.com/news/Will-copper-ride-on-Chin…

[Videomart]

TSX Price % Gainers
9 April 2009
http://ca.finance.yahoo.com/gainers?e=TO

[Videomart]

METALS-Shanghai copper 5 pct limit up on stong spot buys
Fri Apr 10, 2009 9:53am IST

By Alfred Cang

SHANGHAI, April 10 (Reuters) - Shanghai copper futures rose by their 5 percent daily limit on Friday, encouraged by strong spot buying in the world's top consumer on hopes of demand recovery and outlook of falling stockpiles.

The most active July contract SCFN9 rose to 38,130 yuan ($5,588) per tonne at the midday break, just off the 38,190 upper limit touched earlier, which was its highest since late October.

"The strong momentum on the Shanghai copper futures was due to active users' purchases in the physical market," said analyst Zhao Kai at Jinrui Futures.

"There is tightness in the scrap copper market, so users source more from refined copper," Cai Luoyi, analyst at China International Futures, added.

The premium for spot copper in Shanghai doubled to 900 yuan a tonne in the late morning session, traders said, lifting physical prices up more than 2,000 yuan to 41,900 yuan a tonne.

Rumours about a further stock decline of as much as 3,000 tonnes in warehouses monitored by the Shanghai exchange this week -- a possible stockpile reduction for the fifth week in a row -- lifted buyers' confidence.

In London, stocks of copper in London Metal Exchange warehouses fell 7,425 tonnes to 496,775 tonnes, the lowest in nearly three weeks. <LME/STX1>

Canceled warrants, or metal earmarked for delivery, rose to 62,575 on Wednesday -- more than 12 percent of total stocks -- compared with 59,825 the previous day.

"Some of the merchants feel the consecutive decline is a strong evidence of a demand pick-up," a Shanghai-based spot trader said,

Shanghai's most-traded July aluminium SAFN9 rose 1.2 percent to 13,190 yuan a tonne, while zinc SZNN9 increased 2.1 percent to 12,430 yuan, at the noon break.

Although price premiums in Shanghai over LME prices could secure import profits, analysts said the volumes of aluminium and zinc buying from London wouldn't offset huge Chinese output.

"We are a big producer and many smelters offer lower prices in the physical markets compared with futures prices. So how can the traders buy these physical metals from London and sell in China with a discount?" Jinrui Futures' Zhao said. Base metals prices at 0330 GMT Metal Last Change Pct Move End 2008 Pct chg 09 SHFE Cu* 38680.00 1390.00 +3.73 23840.00 62.25 SHFE Alum* 13355.00 190.00 +1.44 11540.00 15.73 SHFE Zinc 12415.00 245.00 +2.01 10120.00 22.68 Dollar/yuan 6.8331 \ 6.8341 ** 1st contract month for COMEX copper * 3rd contact month for SHFE aluminium, copper and zinc ^ LME 3-m copper in yuan, including 17 pct VAT, minus SHFE third month (Editing by Michael Urquhart)

http://in.reuters.com/article/domesticNews/idINSHA1721320090…

[Videomart]

China's twin-pronged strategy on commodities
2009-04-12 04:55:00, Commodity Online

It is becoming increasingly clear that China’s political leadership - unlike that of some other countries - is astutely managing a twin-pronged strategy when it comes to commodities in general, metals included. The aim of this strategy is to fend off the worst of the current recession, but simultaneously to lift the focus to the distant horizon.

The short-term tactic involves state and provincial authorities stocking up on metal that was simply too expensive to purchase just six months ago, while the long-term strategy concentrates on state-backed companies buying international resource assets that have become cheap.

The short-term tactics have resulted in hundreds of thousands of tonnes of metal (along with stocks of agricultural commodities) bought by the State Reserves Bureau (SRB); the long-term strategy has seen a number of deals - the biggest of which is Chinalco’s controversial investment in Rio Tinto, the world’s third largest miner – finalized or in the pipeline. Trade pacts with (among others) Peru and the Democratic Republic of the Congo, in exchange for access to their natural resources, is also a statement of China’s longer-term intent.

There can be no clearer declaration of this intent than a recent comment from Cheng Siwei, the former chairman of the Standing Committee of China’s National People.s Congress: “We don’t know when financial assets will reach bottom. And we are not experienced in investment banking businesses. So we had better focus on tangible assets.”

China’s foreign reserves are rapidly approaching $2 trillion, which even at a time when multi-billion bailout packages are being bandied around, is a truly gargantuan war chest. Moreover, the window of opportunity for picking up attractive morsels on the cheap may not be open for as long as all that.

In early March, Su Ning, deputy governor of China.s central bank, predicted that the Chinese economy would recover in the first half of 2009. Li Yizhong, the minister of Industry and Information, took a slightly more nuanced view, arguing that the target of 8% growth would be .difficult. to achieve but was, nevertheless confident, because of government policies to stimulate the economy.
These rather upbeat assessments have some statistical backing; China’s manufacturing purchasing managers index (PMI) in February rose for the third successive month, to 49. Anything under 50 denotes a contraction, but the trend appears to be upwards; in November 2008 the PMI stood at 38.8. In addition, fixed asset investments have grown from 21.9% in December to 26.5% in January and February, and importantly within those figures, transportation investment, which is one of the top priorities of the fiscal stimulus plan, has increased by 210% year-on-year.

This is not particularly remarkable given that the Chinese growth story has never been in doubt, even during these testing times, but 8% would be truly remarkable. The International Monetary Fund predicts that China’s economy will grow by 6.5% in 2009, against 9% in 2008 and 13% in 2007, while the economies of North America and Europe will remain flat or even shrink.


http://www.commodityonline.com/news/Chinas-twin-pronged-stra…

[Videomart]

[Videomart]

Baltic Exchange Dry Index (BDI)
& Copper (brown)

[Videomart]

UPDATE 1-China March copper imports hit record 374,957 T
Fri Apr 10, 2009 6:31am EDT

* Imports rise on tight spot supply

* Chile, Japan, Australia, Europe supply bulk of imports

* Refined copper imports seen topping 300,000 tonnes in March

BEIJING, April 10 (Reuters) - China's imports of unwrought and semi-finished copper rose to 374,957 tonnes in March, 14 percent higher than the previous record of 329,311 tonnes set in February, China's customs office said on Friday.

"Imports rose because spot supply is tight, and imports of scrap copper were pretty low," said Lin Yuhui, an analyst at China International Futures.

Despite the global economic crisis, China has sucked in increasing volumes of refined copper in recent months, with a tight market causing spot prices CU-1-CCNMM to soar.

A shortage of copper scrap and buying by China's State Reserves Bureau have combined to drive up prices and make Chinese demand the most important factor in the world market.

Shanghai copper futures <0#SCF:> rose by their daily limit of 5 percent on Friday.

Chile, Japan, Australia and Europe have supplied the bulk of China's copper imports in recent months.

Analysts expect the total amount of refined copper imported into China to top 300,000 tonnes in March. Friday's figure included copper anode, refined copper and alloy, as well as semi-finished copper products. A detailed breakdown will be released later in the month.

To see a graphic of copper imports, please click on here:
http://graphics.thomsonreuters.com/apr09/CN_CPRIMP0409.jpg

The customs data also showed imports of unwrought aluminium and aluminium products more than doubled in March to 147,181 tonnes from 60,074 tonnes in February, while exports of unwrought aluminium slipped further, to 8,351 tonnes. (Editing by Jacqueline Wong)

http://www.reuters.com/article/rbssIndustryMaterialsUtilitie…

[Videomart]

aus
Business Line
Business Daily from THE HINDU group of publications
Monday, Apr 13, 2009


Base metals

The complex put up a strong performance with most metals trading higher. Lead was up 5.2 per cent and aluminium three per cent. Copper prices closed on Thursday at $4,529 a tonne, above $4,500/t for the first time since October 2008, spurred by lower stocks, cancelled warrants and strong equities.

On the negative side, the OECD composite leading indicators signal a further deterioration of economic activities in major countries. The deep slowdown in OECD area has spread to the emerging BRIC group as well. European data continue to deteriorate with decline in manufacturing activity. The relationship between economic activity and metals demand is well established.

From a fundamental perspective, the prices of many metals look overvalued. The rally is primarily the result of short-term non-fundamental factors.

Soon, a weak demand and rising inventory will catch up, making the rally unsustainable and eventually ripe for correction.

Aluminium could be at most risk of a price correction as recent higher prices have reportedly encouraged production restarts. On the other hand, copper has moved up with the support of Chinese buying and scrap tightness.

For copper the downside is better defined and the current factors may provide support from a big collapse. A 20 per cent decline in copper prices is seen as the worst case scenario.

Lead prices may turn softer because of seasonal demand weakness, while zinc is sure to find support at above $1,000/t. Nickel and tin have found short-term strength, but are at risk of eventually testing recent range lows.

According to technical analysts, aluminium has been chipping away at the 1,490/1,500 resistance area in recent days. This zone is expected to give way decisively, igniting further gains this week. Close above 1,500 is a bullish signal for the rest of the month.


Vollständiger Artikel:
http://www.thehindubusinessline.com/2009/04/13/stories/20090…

[Swenmx]

Kann jemand etwas sagen zu dieser Kursexplosion?
Hier scheinen ja die 2.10Can$ von Jennings schneller zu kommen als gedacht.

Grüße swenmx

[Martin12345]

Antwort auf Beitrag Nr.: 36.960.303 von Swenmx am 13.04.09 17:52:59

Kupfer steigt ohne Unterbrechung und Mercator ist auf diesem Niveau immer noch billig.

Grüße
Martin

[Swenmx]

Antwort auf Beitrag Nr.: 36.960.336 von Martin12345 am 13.04.09 18:01:59

Was denkst Du wo geht die Reise hin?

Grüße

[Martin12345]

Antwort auf Beitrag Nr.: 36.960.342 von Swenmx am 13.04.09 18:03:47

Keine Ahnung. Ich habe bereits einen Teil verkauft. Zu früh wenn man die letzten 2 Handelstage betrachtet. Den Rest lasse ich noch ein wenig laufen. Wir sehen hier gerade eine komplette Neubewertung. Wenn der Markt mitspielt, dann dürfte es schon noch über die 2 Cad gehen, jedoch muss jeden Tag mit einem starken Pullback gerechnet werden.
Mich fasziniert das Volumen. Bereits nach 2 h fast 10 Mio Stücke gehandelt.

Grüße
Martin

[Swenmx]

Antwort auf Beitrag Nr.: 36.960.365 von Martin12345 am 13.04.09 18:11:32

Das Volumen ist echt der Hammer!Hab bis jetzt noch nichts verkauft die 2Can$(:lick warte ich noch ab dann wird erst mal Kasse gemacht.

Grüße Swen

[derogher]

http://online.wsj.com/article/BT-CO-20090413-704785.html

Among the companies whose shares are making notable moves in Monday's session are Goldcorp Inc. (GG), Kinross Gold Corp. (KGC), Barrick Gold Corp. (ABX) and Mercator Minerals Ltd. (ML.T).

Gold stocks such as Goldcorp (C$37.50, C$1.35, 3.7%), Kinross (C$18.74, C$0.49, 2.7%) and Barrick (C$36.00, C$1.13, 3.2%) are up as gold futures rally partly on a stronger U.S. dollar.

Mercator Minerals (C$1.21, C$0.22, 22%) continues to benefit from news late last week that it made its first shipment of silver to a subsidiary of Silver Wheaton Corp. (SLW) consisting of more than 11,000 ounces of silver. Mercator also said its milling operation at Mineral Park continues to exceed expectations and design parameters. The stock rose 38% Thursday.


nachdem wohl endgültig eine pleite dieses unternehmens abgewendet ist(dez 2008 nur noch 3mio in der kasse), wird der wert entsprechend wieder etwas realistischer eingeschätzt.
zudem kann man den verpflichtungen gegenüber wheaton nachkommen,
und die lieferungen für die vorabzahlung erfüllen. wenn ich richtig gerechnet habe wird mercator zwei volle jahresproduktionen silber an wheaton liefern. erst dannach können sie voll am aktuellen preis partizipieren. die im januar vollzogene kapitalerhöhung könnte zudem für die produktionerhöhung der phase 2 ausreichen.

um meinungen wird gebeten

frohe ostern

[neuflostein]

Ich habe mich noch nie so erfreulich geirrt, wie jetzt mit Mercator!

Hatte meine Position schon völlig abgeschrieben und nun solch ein Comeback. Wobei ich noch immer sehr skeptisch bin, was die Nachhaltigkeit des Kupferpreisanstiegs angeht. Was passiert, wenn die Chinesen das Anhäufen ihrer strategischen Stockpiles abgeschlossen haben?

[Swenmx]

Antwort auf Beitrag Nr.: 36.960.524 von neuflostein am 13.04.09 18:49:17

Dann können wir bis zum nächsten Hype wieder "billig" einsteigen!

[Waterjoe66]

Antwort auf Beitrag Nr.: 36.960.561 von Swenmx am 13.04.09 19:01:21

Hammer Ostern ;-)!

1.44 Kanadischer Dollar = 0.89178 Euro

Strong Buy Leute!

[hbg55]

akt. PLUS 48 % .....cad 1,47

[[KERN]Codex]

gw!!!

[Videomart]

Antwort auf Beitrag Nr.: 36.960.524 von neuflostein am 13.04.09 18:49:17

Da hilft nur: schnell verkaufen!!!
Schließlich ist das eine "Game-Over"-Aktie...

[Videomart]

Antwort auf Beitrag Nr.: 36.961.810 von Videomart am 13.04.09 23:07:28

Ein Scherz übrigens, weder eine Kauf- noch eine Verkaufsempfehlung!

[tomcat17]

Stabiler Anstieg am letzten Handelstag, daher werden wir heute die 2$ sehen. Ich bin neu investiert, habe hier lange zugeschaut.

Gruss tomcat17

[mfierke]

Antwort auf Beitrag Nr.: 36.962.922 von tomcat17 am 14.04.09 10:14:45

ja, da haben schon ein Schätzchen im Depot, keiner glaubte es, nur unser User Vidiomart war 100 % überzeugt

Viel Spaß weiterhin damit

gruß Moni

[Videomart]

Antwort auf Beitrag Nr.: 36.963.054 von mfierke am 14.04.09 10:33:37

Hallo Moni!

Naja, 100% waren es nicht ganz, aber ich habe zur rechten Zeit die Kurve gekriegt!
Schön, dass Du auch noch dabei bist!

Gruß
Martin

[Videomart]

China's economy on track for recovery

By Wang Bo and Wang Xu (chinadaily.com.cn)
Updated: 2009-04-13 16:40

The nation's economic growth is expected to sink to an 18-year-low in the first quarter, but analysts say the latest signs show a recovery might be in sight.

Economists forecast the country's economic growth may have dropped to an annualized rate of about 6 percent in the first quarter, but it is mainly due to the "high base" last year. The government is expected to release the data on Thursday.

"Despite the year-on-year slowdown, the Chinese economy has posted a strong recovery on a quarterly basis, making us more upbeat about the country's economic prospects," said Frank Gong, senior economist, JP Morgan, who predicted China's quarter-on-quarter GDP growth has rebounded to about 5 percent in the first quarter from only 1.5 percent three months earlier.

The improved macroeconomic data indicates that China's economy may have begun to recover and could stage a rebound in the second half of this year with the help of the massive stimulus policies, analysts said.

Premier Wen Jiabao said over the weekend the Chinese economy has shown "better than expected positive changes in the first quarter" thanks to the massive stimulus package.

There are already signs that business activity is picking up, thanks to loose credit and the decrease of industrial inventory.

China's official Purchasing Managers' Index or PMI, a measure of activity in the manufacturing sector, rose to 52.4 in March from 49.0 in February, marking the first time the index has been in expansionary territory since September. A reading above 50 indicates expansion.

The galloping credit growth has maintained its momentum through March. Chinese banks extended 4.58 trillion yuan in new loans in the first quarter, nearly equal to the 4.9 trillion yuan new loans issued in 2008.

Meanwhile, the country's consumption also held up well. Driven by the government policies to stimulate car consumption, China's automobile sales rose 5 percent in March to a record high of 1.11 million vehicles, according to the China Association of Automobile Manufacturers. The inventory in the real estate sector is shrinking faster than expected and as Gong estimates the inventory properties nationwide is likely to be sold out in the coming eight months, compared with his earlier estimates of two years.

"The government has indicated that it is capable of unveiling more stimulus measures at any time in face of the still-evolving global financial crisis," Gong said, referring to Premier Wen's earlier claim that China has reserved "plenty of ammunition" to fight against the economic slowdown.

Predicting China could post an early rebound by the middle of this year, the World Bank warned that a full recovery depends on developments in the advanced economies.

More data in the coming months are needed to judge if the recent signs of recovery are for real, Louis Kuijs, senior economist with the World Bank, said. The bank earlier adjusted its projection for China's GDP growth this year to 6.5 percent.

Economists agreed that the major risk to China's overall growth lay on the external side and some insisted the country may undergo long term adjustment given the fact that its trade partners, such as the US, may take three to five years to ride out of the recession.

"If there is no recovery in the G3 economies, China will not be able to sustain its growth rebound through 2010," a Morgan Stanley research note on global economy said.

According to the General Administration of Customs, China's exports continued to fall in March, but in a milder magnitude of 17.1 percent compared with 25.7 percent in February.

US President Barack Obama said last Friday that the US economy was beginning to show "glimmers of hope", as mortgage interest rates declined to historic lows, while refinancing has shown significant pick-up. But some analysts said the largest economy in the world and also China's major trade partner is far from bottoming out, given the severe stress of financial malaise and job losses.

Li Jianwei, senior economist with the Development Research Center affiliated to the State Council, said if the country's exports plunged by as much as 20 to 30 percent due to the weakening demand in the US and Europe, it could hardly achieve the targeted 8 percent growth without the help of further stimulus measures.

http://www.chinadaily.com.cn/bizchina/2009-04/13/content_767…

[Videomart]

Copper may rise on Chinese demand

Dilip Kumar Jha / Mumbai April 12, 2009, 0:30 IST

Firm Chinese demand may push up copper prices in the coming week as the procurement agency in that country may take advantage of the current low prices to build the metal’s stockpile needed for the 4-trillion-yuan ($585 billion) stimulus programme.

In recent months, China has resumed stockpiling base metals to meet its infrastructure demand, giving a boost to prices globally. According to reports, the country’s investment spending climbed 26.5 per cent in the first two months (January-February) as it poured money into infrastructure projects such as roads, railways and power to counter global recession. These are high metal consuming sectors.

Import of copper and copper products into China soared in March as the State Reserve Bureau of China raised inventories. Scrap imports in the country were recorded at 330,000 tonnes in March compared with 539,733 tonnes in the same period last year. Import of aluminum and aluminium products more than doubled to 147,181 tonnes in March compared with the same month last year.

The country’s refined copper purchases may jump 37 per cent to 2 million tonnes this year as per estimates.

After hitting a lifetime high of $8,800 per tonne in early 2008, copper plunged to the $3,000 level towards the close of the year, but has recovered to $4,465 this year. In the first quarter of 2009, base metals witnessed mixed performance. Copper led the pack gaining over 30 per cent, supported mainly by Chinese buying. Copper inventories during this period gained sharply by over 49 per cent. But the prices have not declined on State Reserve Bureau buying.

“Copper prices could rise in the short term, but the gain may not be sustainable as demand from the industrial segment in China is still low,” said an Angel Broking report.

This week base metals ended on a positive note as buoyant equity markets and expectations of continued buying in China coupled with short covering helped provide strong support. Copper led the way and other base metals followed suit despite weak individual fundamentals.

The price rise in aluminum is not justified as the metal is fighting against weak demand and a sharp rise in LME inventories. Nickel too faces weak fundamentals as demand from the stainless steel sector is low and is not expected to pick up in the short term. Though base metals gained sharply on the LME last week, gains on the MCX were limited because of the rupee factor. The Indian currency has appreciated almost 3.5 per cent in the last five weeks limiting the upside in base metals prices, the report added.

Copper jumped 3 per cent this week to $4,465, translating into a gain of 6 per cent to Rs 306 per kg on the MCX.

http://www.business-standard.com/india/news/copper-may-risec…

[Videomart]

Kupferpreis-Anstieg hilft Minenwerten
Dienstag, 14. April 2009, 12:31 Uhr

Frankfurt, 14. Apr (Reuters) - Dank eines erneuten Kupferpreis-AnstiegsMCU3 haben die europäischen Minenwerte am Dienstag kräftig zugelegt. Vedanta(VED.L: Kurs), Kazakhmys(KAZ.L: Kurs) und Xstrata(XTA.L: Kurs) gehörten mit Kursgewinnen von zehn bis 14 Prozent zu den Favoriten im FTSE.FTSE. Eine Tonne Kupfer kostete angesichts reger Nachfrage aus China am Vormittag bis zu 4840 Dollar je Tonne - so viel wie seit sechs Monaten nicht mehr. Die chinesische Nachfrage werde aber schon bald wieder nachlassen, warnte Commerzbank-Rohstoffexperte Eugen Weinberg. "Ich rechne bereits für das zweite Quartal mit fallenden Preisen."

(Reporter: Hakan Ersen; redigiert von Andrea Lentz)

http://de.reuters.com/article/deEuroRpt/idDELE23674720090414

[Videomart]

Copper surges 8 per cent
Rebekah Curtis

Tuesday, April 14, 2009

LONDON — Copper leapt as much as 8 per cent on Tuesday to its highest since late October, tracking a rally in the Chinese market and as a fall in inventories improved the outlook for demand.

Copper for three-months delivery on the London Metal Exchange hit $4,925 (U.S.) a tonne in early trade, its highest since Oct. 20, from Thursday's $4,550 a tonne.

The metal used in power and construction was $4,650 a tonne by 0945 GMT. It has risen more than 50 per cent since the start of the year.

But analysts said the rally would likely come under pressure as investors pocketed profits.

“It's shot its bolt too soon...It needs to consolidate around here before pushing higher,” said Leon Westgate, an analyst at Standard Bank.

The Chinese market rallied 10 per cent in the previous two sessions, while London markets were closed for Easter.

Prices were spurred by a surge in domestic bank lending in March in China, an 8.3 per cent rise in industrial output, record copper imports and talk the country plans a new economic stimulus package.

Soothing concerns about the outlook for demand, stocks of copper at LME warehouses fell by 4,775 tonnes to 492,000 tonnes.

Cancelled warrants – material tagged for delivery – stood at 66,700 tonnes, up from 60,850 at the start of last week and compared with 29,375 at the end of March.

The market believes the cancelled warrants – increasingly based in European warehouses – represent material heading for China, the world's biggest consumer of the metal.

A rally in equities also boosted sentiment.

“Risk aversion is gradually gaining pace,” said Andrey Kryuchenkov, an analyst at VTB Capital.

Mr. Kryuchenkov said profit-taking could drive copper prices down towards $4,400, adding a stronger U.S. dollar had also put the reins on gains. A stronger U.S. currency makes metals priced in dollars more expensive for holders of other currencies.

Other metals were mixed. LME nickel was at $11,415 from $11,040, having surged in early trade to $11,750 – its highest since early February.

Aluminum fell to $1,510 from $1,536, after earlier hitting $1,555 a tonne, its highest since early January.

Aluminum stocks continued a seemingly relentless rise to a record, climbing by 100,100 tonnes to above 3.6 million tonnes.

The metal used in transport and packaging has been hammered by the economic downturn, wreaking carnage in the autos industry.

Zinc was at $1,417.5 a tonne from $1,393. It earlier touched $1,439, its highest since mid-October.

Lead traded at $1,425 a tonne from $1,401, having earlier struck $1,455, its highest since early November, while tin was at $10,950 a tonne from $10,995.

http://www.globeinvestor.com/servlet/story/RTGAM.20090414.wb…

[Waterjoe66]

Touchdown würde ich mal sagen

[hbg55]

Antwort auf Beitrag Nr.: 36.965.735 von Waterjoe66 am 14.04.09 16:19:48

.....würde eher sagen SHORTIES rausgeschüttelt





RT...cad 1,58

[Swenmx]

Antwort auf Beitrag Nr.: 36.965.880 von hbg55 am 14.04.09 16:34:27

Wo bekommst Du die RT Can???

Gruß swenmx

[Trockentrader]

Antwort auf Beitrag Nr.: 36.965.880 von hbg55 am 14.04.09 16:34:27

Vielen Dank für den RT-Chart!

Derzeit macht das Zusehen richtig Laune...

[Videomart]

Antwort auf Beitrag Nr.: 36.965.880 von hbg55 am 14.04.09 16:34:27

RT...cad 1,58

Für heute bezweifle ich das.
Der DJ hat zur angekündigten Korrektur angesetzt und der Kupferpreis scheint zu stagnieren.
Das Volumen wird dünner, der größte Kaufdruck ist erst einmal vorbei...

[Martin12345]

Antwort auf Beitrag Nr.: 36.967.377 von Videomart am 14.04.09 19:55:40

Der Markt schwächelt ein wenig und Mercator kommt nicht wirklich weit zurück. Bärenstark das Teil und wer weiß, vielleicht sehen wir zum Schluß noch die eine oder andere Kurspflege.

Grüße
Martin

[Videomart]

CRU sees copper price rising by USD 100 per tonne in April
Tuesday, 14 Apr 2009

Commodity consultancy CRU said in its monthly report that most hedge funds by the end of April 2009 will likely have switched from their present short copper investment positions and go long, driving the price up some USD 100 per tonne from the present value of USD 4,230 per tonne.

It added that the sustained rises in copper in the first days of April so far have shown that Chinese buying has not subsided following heavy purchases by the state reserve bureau in March 2009. Also during March, the ongoing short-covering rally pushed the copper price up by roughly USD 350 per tonne, but the metal still had to recover from considerable negative pressure on prices the month before, according to the firm.

CRU said that a month ago it had predicted prices would rise but we underestimated the shift in investor sentiment that appears to have taken hold.

(Sourced from www.bnamericas.com)

http://steelguru.com/news/index/2009/04/14/OTAxOTA%3D/CRU_se…

[Videomart]

Shanghai copper futures resume rally after hiatus

By: Creamer Media Reporter
15th April 2009

Updated 53 minutes agoTEXT SIZE SINGAPORE/SHANGHAI – Shanghai copper futures resumed their rally on Wednesday after a one-day hiatus, after a strong performance in London the previous day, with investors eyeing China GDP data due on Thursday.

Copper prices have rallied around 15 percent this month in London and Shanghai, spurred by a run of positive economic indicators, which were only interrupted by a 1.1 percent fall in sales data from U.S. retailers on Tuesday.

"Generally, I am lot more optimistic than I was a few weeks ago and I doubt we will retest the lows. Trading ranges have shifted higher and technically copper could target $5,500-$6,000 this year. But all this assumes we don't get any more downside shocks," MF Global analyst Edward Meir said.

"If we can get all parts of the system running together, this rally will be sustained. But if no one else joins the China-led party it may falter."

He said the market had probably discounted the risk of bankruptcy of one of the big U.S. automakers, and only another major bank collapse or a similar shock would drive prices back to the lows seen late last year and early 2009.

Three-month copper futures contract at the Shanghai Futures Exchange rose 2.4 percent from the previous day's close to 39,890 yuan a tonne by the end of morning trade, and earlier touched 40,510.

The most-active July contract rose 1.7 percent to 39,230 yuan.

London Metal Exchange copper eased 0.4 percent to $4,680 a tonne by 0412 GMT, following a 3.3 percent rally on Tuesday when the market surged as much as 8.2 percent to a six-month high of $4,925.

The premium for the third month Shanghai contract above the benchmark in London grew to 2,513 yuan a tonne, including China's 17 percent VAT, from 1,197 yuan on Tuesday.

"London did not fall as sharply as many had feared, assuaging market worries. So the positive atmosphere is again taking the upper hand in Shanghai," said Cai Luoyi, an analyst at China International Futures.

But analysts cautioned that the rally might not be sustainable, and prices needed to consolidate as economic activity has yet to show substantial signs of recovery.

China gross domestic product probably grew at its slowest annual rate on record in the first quarter, according to a local media report. But the quarter-on-quarter growth might point to a recovery in the world's third-largest economy.

Offical data is due on Thursday at 0200 GMT.

"It is likely that Shanghai copper will move in the range of 38,000 to 41,000 yuan a tonne in the short term, as it is in the process of building the base for further rises," said Zhu Yanzhong, an analyst with Jinrui Futures.

Copper inventories continued their decline. LME stockpiles dropped 4,775 tonnes to 492,000 tonnes, their lowest since the end of January.

Shanghai aluminium fell 0.6 percent to 12,960 yuan per tonne. LME aluminium fell $10 to $1,500.

"Some metals will struggle. Aluminium for example is facing huge headwinds from the rising stocks."

Aluminium stockpiles extended their march higher, rising by 100,100 tonnes to a new record above 3.6 million tonnes.

Edited by: Creamer Media Reporter

http://www.miningweekly.com/article/shanghai-copper-futures-…

[Videomart]

China macht's möglich:
Der Kupferpreis zieht wieder an...

[VanDycke]

Antwort auf Beitrag Nr.: 36.972.151 von Videomart am 15.04.09 15:02:16

news

[VanDycke]

Antwort auf Beitrag Nr.: 36.972.319 von VanDycke am 15.04.09 15:21:13

trading halt in can. news weis jemand mehr

[Martin12345]

Antwort auf Beitrag Nr.: 36.972.373 von VanDycke am 15.04.09 15:28:39

Kapitalerhöhung zu 1.15 Cad

[VanDycke]

Antwort auf Beitrag Nr.: 36.972.542 von Martin12345 am 15.04.09 15:47:20

was heist das

[Martin12345]

Antwort auf Beitrag Nr.: 36.972.563 von VanDycke am 15.04.09 15:49:01

Fallende Kurse.

[VanDycke]

Antwort auf Beitrag Nr.: 36.972.572 von Martin12345 am 15.04.09 15:49:31

bitte um erklärung

[VanDycke]

Antwort auf Beitrag Nr.: 36.972.579 von VanDycke am 15.04.09 15:50:10

finde keine news nur das trading hald ist !

[Martin12345]

Mercator Minerals Ltd. announces Cdn. $35 million "bought deal" financing

09:42 EDT Wednesday, April 15, 2009


VANCOUVER, April 15 /CNW/ - Mercator Minerals Ltd.(the "Company") (TSX - "ML") is pleased to announce that it has enteredinto an agreement with a syndicate of underwriters led byJennings Capital Inc., and including Scotia Capital Inc., Blackmont Capital Inc., Haywood Securities Inc. and Acumen Capital Finance Partners Ltd., which have agreed to purchase, on a bought deal basis 30,434,783 common shares of the Company at a purchase price of Cdn.$1.15 per common share, for aggregate gross proceeds of Cdn.$35 million. The Underwriters shall have the option, exercisable within 30 daysfollowing the Closing Date, to acquire up to an additional 4,565,217Common Shares of the Company, for additional aggregate gross proceedsto the Company of Cdn.$5,250,000.

The common shares to be issued under this offering will be offered by way of a short form prospectus in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia in Canada and in the United Stateson a private placement basis pursuant to an exemption from theregistration requirements of the United States Securities Act of 1933,as amended.

The Company intends to use the net proceeds of the prospectus offering for working capital purposes including the June 30, 2009 interest payment.

Mercator Minerals Ltd.

Mercator Minerals Ltd. is a TSX listed mining company with an experienced management team that has brought the mill expansion at the Mineral Park Mine, one of the largest and most modern copper-moly mining-milling operations in North America to production in less than 2 years. Mercator management is dedicated to maximizing profits by making its Mineral Park Mine one of the lowest cost operations in the industry.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,

President

[Videomart]

Mercator Minerals Ltd. announces Cdn. $35 million "bought deal" financing

VANCOUVER, April 15 /CNW/ - Mercator Minerals Ltd. (the "Company") (TSX -
"ML") is pleased to announce that it has entered into an agreement with a
syndicate of underwriters led by Jennings Capital Inc., and including Scotia
Capital Inc., Blackmont Capital Inc., Haywood Securities Inc. and Acumen
Capital Finance Partners Ltd., which have agreed to purchase, on a bought deal
basis 30,434,783 common shares of the Company at a purchase price of Cdn.$1.15
per common share, for aggregate gross proceeds of Cdn.$35 million. The
Underwriters shall have the option, exercisable within 30 days following the
Closing Date, to acquire up to an additional 4,565,217 Common Shares of the
Company, for additional aggregate gross proceeds to the Company of
Cdn.$5,250,000.
The common shares to be issued under this offering will be offered by way
of a short form prospectus in British Columbia, Alberta, Saskatchewan,
Manitoba, Ontario and Nova Scotia in Canada and in the United States on a
private placement basis pursuant to an exemption from the registration
requirements of the United States Securities Act of 1933, as amended.
The Company intends to use the net proceeds of the prospectus offering
for working capital purposes including the June 30, 2009 interest payment.

Mercator Minerals Ltd.

Mercator Minerals Ltd. is a TSX listed mining company with an experienced
management team that has brought the mill expansion at the Mineral Park Mine,
one of the largest and most modern copper-moly mining-milling operations in
North America to production in less than 2 years. Mercator management is
dedicated to maximizing profits by making its Mineral Park Mine one of the
lowest cost operations in the industry.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

Per: "Michael L. Surratt"

Michael L. Surratt,
President

The securities offered will not be and have not been registered under the
United States Securities Act of 1933, as amended, or the securities laws of
any state of the United States, and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements. This press release shall not constitute an offer to sell or
solicitation of an offer to buy the securities in any jurisdiction.

This press release contains certain forward-looking statements, which
include estimates, forecasts, and statements as to management's expectations
with respect to, among other things, the use of proceeds, the completion of
the transaction, the ability to obtain regulatory approval, the size and
quality of the Company's mineral reserves and mineral resources, future
production, capital and mine production costs, demand and market outlook for
commodities, and the financial results of the Company. These forward-looking
statements involve numerous assumptions, risks and uncertainties and actual
results may vary. Factors that may cause actual results to vary include, but
are not limited to, certain transactions, certain approvals, changes in
commodity and power prices, changes in interest and currency exchange rates,
inaccurate geological and metallurgical assumptions (including with respect to
the size, grade and recoverability of mineral reserves and resources),
unanticipated operational difficulties (including failure of plant, equipment
or processes to operate in accordance with specifications, cost escalation,
unavailability of materials and equipment, delays in the receipt of government
approvals, industrial disturbances or other job action, and unanticipated
events related to health, safety and environmental matters), political risk,
social unrest, and changes in general economic conditions or conditions in the
financial markets. These risks are described in more detail in the Annual
Information Form of the Company. The Company does not assume the obligation to
revise or update these forward-looking statements after the date of this
report or to revise them to reflect the occurrence of future unanticipated
events, except as may be required under applicable securities laws. For a more
complete discussion, please refer to the Company's audited financial
statements and MD&A for the year ended December 31, 2007 on the SEDAR website
at www.sedar.com.

<<
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this press release.
>>

%SEDAR: 00007869E


http://www.newswire.ca/en/releases/archive/April2009/15/c975…

[VanDycke]

Antwort auf Beitrag Nr.: 36.972.610 von Videomart am 15.04.09 15:53:14

wird heute noch gehandelt

[VanDycke]

Antwort auf Beitrag Nr.: 36.972.633 von VanDycke am 15.04.09 15:56:36

hallo keiner mehr hier wird heute jetzt noch gehandelt oder nicht?

[Trockentrader]

Antwort auf Beitrag Nr.: 36.972.781 von VanDycke am 15.04.09 16:10:12

Ja, wird.
Setz Dich aber und stell die Tasse hin...

[Videomart]

Antwort auf Beitrag Nr.: 36.972.781 von VanDycke am 15.04.09 16:10:12

keine Ahnung!!

[Videomart]

[Trockentrader]

[marethe]

Antwort auf Beitrag Nr.: 36.972.869 von Trockentrader am 15.04.09 16:19:48

hallo an alle!
ist och echt zum kotzen, es ist hier wie im whaen leben wo der steuerzahler für die bankenverluste bürgt.
nur ist es hier so dass der vorstand die firma unter wert VERSCHENKT, damit sich diese drecksbanken billigst einkaufen können. was soll so etwas? warum handelt er so (klein)aktionärfeindlich? wo ist da die Marktwirtschaft? das ist zum kotzen, wenn diese gangster die firma kaufen wollen dann müssen sie halt die aktien weiter hochbieten, aber hier wird der kleine mann mal wieder beschissen und ausgezogen. die rallye ist nun vorbei, die gangster können den laden billigst an ihren auftraggeber abtreten.

[neuflostein]

Ja, hat einen schalen Beigeschmack das ganze.

[Videomart]

!

Dieser Beitrag wurde moderiert. Grund: auf eigenen Wunsch des Users

[MFC500]

!

Dieser Beitrag wurde moderiert. Grund: Korrespondierendes Posting wurde entfernt

[Videomart]

!

Dieser Beitrag wurde moderiert. Grund: Korrespondierendes Posting wurde entfernt

[neuflostein]

Mich stört es, dass die neuen 35 Mille auch wieder nur als "working capital" genutzt werden sollen. Ich hätte gehofft, dass die 20 und jetzt die 35 Millionen für Phase II genutzt werden. Reicht denn $2,20/lb nicht, um wenigstens die Kosten zu decken?
Wird soviel Verlust mit Moly gemacht?

Ich hatte mit meinen negativen Befürchtungen im Grunde doch recht, ohne zusätzliche 50 Millionen kann ML anscheinend seine Schulden nicht bedienen und den Laden am Laufen halten. Wenn ML mit dem Geld jetzt nicht Phase II fertig stellen kann, dann haben wir bald locker 200 Millionen Shares.

[Videomart]

Antwort auf Beitrag Nr.: 36.973.389 von neuflostein am 15.04.09 17:21:30

Wenn die Aussichten aber doch so trübe sind, warum ist ML dann um 100% gestiegen in den letzten Tagen...?

[marethe]

Antwort auf Beitrag Nr.: 36.973.832 von Videomart am 15.04.09 18:11:28

weil die milliarden an reserven im boden haben aber der laden 90 millionen kostet. ml wird also quasi enteignet

[neuflostein]

Antwort auf Beitrag Nr.: 36.973.832 von Videomart am 15.04.09 18:11:28

Die Aussichten sind bestimmt nicht schlecht, anonsten würde ML nicht so leicht an frisches Geld kommen. Sie sind aber auch nicht so rosig, wie viele meinen, ansonsten bräuchten sie das Geld ja gar nicht. Wenn es so aussähe, dass ML das Kupfer für $1 aus dem Boden holt und zu $2,20 verkauft, dann hätten sie mehr mit einem Cashflow von 50 Millionen genug für die Zinsen und auch genug für eine Phase II Expansion.

Dem ist aber anscheinend nicht so. Ohne Phase II Expansion schaffen sie es offenbar nicht, daher die Placements. Der Aktienkurs ist gestiegen, weil klar wurde, dass ML zunächst überlebt und das Projekt mal profitabel wird. Und weil vielen (mir z.B. auch) klar wurde, dass Kupfer nicht ins Bodenlose fallen wird. Vielleicht steigt Moly ja wieder etwas, dann können sie Phase II vielleicht ohne weiteres Placement durchziehen.

[Trockentrader]

Das Geld aus der KE wollen Sie ja als working capital und für die halbjährlich fällige Zinszahlung der 120-Mio.-Schuld (ca. 6,9 Mio.) verwenden.

Damit dürften die laufenden Einnahmen für eine Produktionssteigerung zur Verfügung stehen.
Lt. letzter Präsentation lässt sich der Durchsatz mit ca. 7 Mio. auf 40.000 - 45.000 tpd erhöhen, Phase II mit ca. 25 Mio. abschliessen.

Da Phase II zu 70% während Phase I fertiggestellt wurde (mit Geld für das man bereits Zinsen zahlt) macht es keinen Sinn daraus keinen Nutzen zu ziehen.

Abgesehen von den ca. 6,9 Mio. Zinsen Mitte u. Ende jedes Jahres muß ML die 120 Mio. im Februar 2012 zurückzahlen. Allein für die Rückzahlung müssten also ca. 3,6 Mio. pro Monat "übrigbleiben".

Da wir in Bälde wohl nicht mit hohen und auf lange Sicht stabilen Cu-Preisen rechnen können führt um die Fertigstellung von Phase II aus meiner Sicht kein Weg vorbei.

[neuflostein]

Antwort auf Beitrag Nr.: 36.974.557 von Trockentrader am 15.04.09 19:52:22

Wenn das ganze so abliefe, dann wäre es mir Recht. Nur wird Phase II mindestens 40 Millionen kosten, zumindest laut Aussage des Chefingenieurs vor ca. einem Monat.

Ich glaube auch nicht an hohe und stabile Kupferpreise. Sobald China seine Stockpiles voll hat, sollte es wieder etwas runter gehen. Die Nachfrage im ganzen Westen ist einfach nicht mehr da.

Aber: ML wird überleben, und vielleicht reicht es für Phase II.

[Videomart]

Was mit dem Kupferpreis passiert, kann man wohl auch nicht mehr als normal bezeichnen.
Mal schauen, was passiert, wenn der Futures-Handel mit Molybdän losgeht...