When to buy copper?
India Infoline has recommended to buy Copper Nov above Rs 185 with a stoploss of Rs 181.8. For full story, click here
India Infoline has recommended to buy Copper Nov above Rs 185 with a stoploss of Rs 181.8. For full story, click here
Xstrata Queensland Limited said it is not happy at the result of the shareholder vote on the Resolution at the Indophil Resources General Meeting today in Melbourne. For full story, click here For Indophil’s website, click here
The shareholders of Indophil Resources have voted overwhelmingly to sell the junior’s only major asset despite collapsing global markets. For full story, click here For company’s website, click here
UBS downgraded Quadra Mining to “sell” from “neutral” after it posted a lower Q3 profit as weaker copper prices reduced revenue and prompted it to stop two development projects and suspend output forecasts beyond this year. For full story, click here
Deutsche Bank had downgraded Southern Copper from Hold to Sell. Deutsche analyst said: We are downgrading PCU based mainly on valuation and the stock’s impressive rally – PCU has gained 70% in 6 trading days since hitting a low of US$9.84/share on October 27th compared with a gain of 18% for the S&P500. For full story, [...]
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