Dear Dato Ng Aik Kee, I hope you able to see this. Please continue do well of the company profit for the sake of your investor's benefit and dont take ESOS for granted. Cheers
According to the pattern of those directors.... i think is bad sign. Since the granted price is 0.1 mean he immediate gained 30% as at today. so probably will throw those shares in near future if the Q1 results is good ahead.
Of course they will throw. But at what price and when? Anyway, he still have lots of existing shares in his hand and can throw anytime. Just have to monitor closely and when your preset profit is achieved, let go. Greed is insatiable.....
Not yet. They will have to maintain a certain level of price right now unlike before. Private placement till September and shares buy back yet to complete. Monitor daily volumes instead of price movement. So far, shares are still being absorbed.
So far, the major shareholders including the directors own almost 50% of the total issued share. Since the latest financial report till today, net transaction of shares among major shareholder will be is + 14 million shares, means they acquire extra 14M shares. I think they plan to dispose some of the share after the price surge more than 200%.
I can tell from the commitment of the directors, this company got potential. Copper price sure will surge in the near future cause by the scarcity of the high grade copper plus the supply disruption & high demand. Plus, this company has upgrade their machines. I positive with its venture in property @ klang. From my search @ property websites, I can find less than 100 high rise property available. There are about 15-20 apartment in that area. I think there's a demand
Copper futures spike in freak move that Wall Street can't quite explain Analysts couldn't point to a specific headline behind a more than 2.5 percent jump in copper prices Monday morning Thousands of workers at Freeport-McMoRan's Grasberg mine in Indonesia staged a rally Monday ahead of a planned month-long strike that could constrict supply. Key copper-trading markets in London and Shanghai were closed Monday for a holiday.
An employee scans barcodes on copper rods Krisztian Bocsi | Bloomberg | Getty Images Copper prices suddenly surged to a near one-month high Monday morning, but several on Wall Street were uncertain about exactly what caused the spike.
Copper futures for July delivery briefly leaped more than 2.5 percent around 9:31 a.m. EDT, hitting $2.6945 a pound, their highest since April 5. Copper traded about 2.3 percent higher as of 10:45 a.m.
It was the kind of move that typically comes when a single big piece of news hits, but traders were scratching their heads.
"I can't see any [headline] in particular," said Dane Davis, commodities research analyst at Barclays. He noted that a strike was set to begin Monday at Freeport-McMoRan's Grasberg mine in Indonesia and a weaker U.S. dollar supported copper's move higher.
Thousands of workers at the world's second-largest copper mine staged a rally on Monday ahead of a planned monthlong strike to protest layoffs, a union leader said in a Reuters report.
"The fact that it stayed high tells me something's happening, there's some news," he told CNBC. "This is sudden."
Copper rose 2.76 percent last week ahead of Monday's spike.
Private placement of 28.6 mil shares listing on tomorrow 3/5/17... Is it additional adding to existing share in market in total as now NOSH = 1180mil.. tomorrow NOSH = 1180 mil + 28.6 mil =1208.6 mil, am i rite? consider good or bad news on this announcement? Thx
(Adds strike impact on output, details on investments, production levels) LIMA, May 3 (Reuters) - Southern Copper Corp on Wednesday reported net income of $314.4 million for the first quarter, up 70 percent from $185.1 million a year earlier and 82 percent above the $172 million posted in the fourth quarter of 2016. Southern Copper, owned by Grupo Mexico , is one of the world's largest copper producers and operates mines in Mexico and Peru. The increase in profit came as copper prices rose 25 percent and zinc prices rose 65.8 percent, the company said. A two-week strike last month at its Toquepala and Cuajone copper mines as well as its Ilo refinery in Peru reduced copper production by 1,418 tonnes, Southern Copper said in its earnings report. The two mines together produced 310,000 tonnes of copper last year, according to government data. [nL1N1HW130] Net sales grew 27.2 percent to $1.6 billion, while the cost of sales grew 16.1 percent to $843.8 million, Southern Copper said. The company's capital investments grew 10 percent to $245.6 million due to a plan to boost copper output at Toquepala by 100,000 tonnes to 260,000 tonnes by 2019. With the expansion, Southern Copper will produce 1 million tonnes in 2019, compared with 900,000 tonnes produced last year, chairman German Larrea said.
Why surprised? We got contra players, it's a healthy drop with strong buying volumes. 82%. Most shares are traded at 0.135. Look at RSI & MACD, goreng is yet to come
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Striker90
2,617 posts
Posted by Striker90 > 2017-04-27 07:38 | Report Abuse
Getting more solid and confirm uptrend of copper price shall support the future earning well for JAG,
Morning and Cheers