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Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?


To: louel who wrote (10186)4/27/2016 3:39:41 PM
From: mudguy  Read Replies (1) | Respond to of 10654
 
I use vol/price, boll. bands and 20/50 dma as my main reads for taking longer swing or hold positions. I don't have time to trade during the day most of the time, so I usually want a trade that lasts weeks or longer in some cases.

Here is my TCK.B chart (btw, a great charting site)

TCK.B chart

As for CUU, the volume is interesting, setting up for a move perhaps, and it might be down to the next level. The bid floor is probably there to keep the price for PP that has to be coming.



To: louel who wrote (10186)4/28/2016 11:47:25 AM
From: louel  Respond to of 10654
 
Concerning TCM so as I don't appear to be pumping it. One has to take into consideration when it was up at $15 MoS2 price was in the $30 range. Today it is was $7.64. And Copper operations now have a floatation tank to collect it as a by product.

However the company has diversified, still has a B/V of $3.28 daily mill throughput increased 47%, and copper and gold payable production increased 24% and 16%, respectively, compared to the first quarter of 2015. They are working to improve recoveries.
In the Q ending March 31 2016, Mt. Milligan produced, 19.1 million pounds of payable copper and 53.3 thousand ounces of payable gold, which represents an increase of approximately 24% and 16%, respectively, from payable copper and gold production for the three months ended March 31, 2015.

Viewing the progress and the fact share price is far below book it prospectively meets the criteria for a value buy if you believe the economy will pick up some from here. I'm looking for a one year price target in the $2 to $2.54 range h a few trades in between. May 5 should tell a bit more.

Are there obstacles I'm missing ?



To: louel who wrote (10186)4/28/2016 2:40:43 PM
From: Bulkbeef.  Read Replies (2) | Respond to of 10654
 
Great idea that this board is no open to freely discuss other stocks. I'm in!

I think TCM will do well going forward. Up nicely from it's 52 week low of 0.16. Volume increasing.