I took a position in this stock yesterday, I hope it holds with this market.
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Quote from: m2machine on June 15, 2007, 11:32:38 AM
You are welcome shaker.....hold your shares through March 2008 and you will triple your investment. The holiday season is coming up and BRLC will literally explode
. Well, I should have done a better job of buying this stock, I should have known that with friday profit taking it would close that gap. Oh well, I think this is still a very good stock with a bright future.
Quote from: jorgegr on June 15, 2007, 11:49:32 AM
Have to see how it closes today, but its very bullish & volume double of average.
Will see monday morning.
Quote from: jorgegr on June 14, 2007, 06:46:24 PM
I've been in and out of this stock for some time now and beware
it usually closes its gaps within a short term.
Nevertheless I'm staying invested due to the long term upward trend
GLTA
I sure miss Melf Elf
Quote from: jorgegr on June 11, 2007, 11:51:40 AM
News out about a takeover - their future is bright !!!
China's Chinalco to buy Peru Copper
By Laura Mandaro, MarketWatch
Last Update: 11:05 AM ET Jun 11, 2007
SAN FRANCISCO (MarketWatch) -- Peru Copper Inc. said Monday it's agreed to a $792 million acquisition by government-owned mining giant Aluminum Corp. of China in a deal that takes out one of the few remaining independent copper-mining companies.
Vancouver-based Peru Copper (CA:PCR: news, chart, profile) (CUP : peru copper inc com
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Last: 6.12+0.15+2.48%
11:01am 06/11/2007
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CUP6.12, +0.15, +2.5%) , which has an agreement to develop copper deposits in the South American country's Toromocho project, said it has received a friendly takeover bid valuing the company at $6.22 a share (C$6.60) in cash.
The offer represents a 21% premium to Peru Copper's 20-day volume-weighted average trading price on the Toronto Stock Exchange, the company said.
Peru Copper's U.S.-listed shares rose 3% to $6.15 a share in morning trading.
Aluminum Corp. of China (ACH : aluminum corp china ltd spon adr h shs
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Last: 34.12+0.40+1.19%
11:01am 06/11/2007
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ACH34.12, +0.40, +1.2%) , or Chinalco, owns one of the world's biggest aluminum producers, known as Chalco. Chalco produces 9.2% of the light metal, just a notch down from Alcoa Inc. (AA : alcoa inc com
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Last: 39.65-0.01-0.03%
11:01am 06/11/2007
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AA39.65, -0.01, 0.0%) and its 10.9% share, according to consultancy CRU.
But parent Chinalco is a much smaller player in copper, not even ranking in the top five among world producers, which is dominated by Chile's state-owned Codelco and by U.S.-based copper producer Freeport McMoRan Copper & Gold (FCX : Freeport-McMoRan Copper & Gold Inc
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Last: 76.44+0.26+0.34%
11:01am 06/11/2007
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FCX76.44, +0.26, +0.3%) . Controlling shareholders have sizable stakes in other, smaller copper companies, making buyouts a hurdle. Grupo Mexico, for instance, owns 75% of Southern Copper Corp. (PCU : southern copper corp com
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Last: 89.70+1.75+1.99%
11:01am 06/11/2007
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PCU89.70, +1.75, +2.0%) , based in Phoenix.
Meanwhile, China has become the world's largest consumer of copper due to its own infrastructure needs and its role as an exporter of products like air conditioners and auto-motor parts. Last year, the country used 4 million metric tons of copper, or about 22% of the world's supply. That's up from 10% a decade ago, according to industry estimates. See more on China and copper.
"This is an important step in our strategic growth outside China," said Yaqing Xiao, Chinalco president, in a statement released by Peru Copper.
"We look forward to identifying investment opportunities in Peru and around the world," he said.