| Latest Forum Topics / Abterra |
 Post Reply
|
|
Abterra vs StraitAsia
|
|||||
|
newtothis
Veteran |
12-Jun-2009 09:00
|
||||
|
x 0
x 0 Alert Admin |
Summary for this post is -- China imports 50% of its iron ore demand from overseas market. They will eventually force to take up smaller discount since nippon has taken the 33% discount lead. We expected china to follow soon. Once the deal is thru, iron ore demand will surge to a new level. As more funds will be release from the stimulus fund. (4 trillion yuan) Good luck on those who join in this counter.
|
||||
| Useful To Me Not Useful To Me | |||||
|
newtothis
Veteran |
12-Jun-2009 08:20
|
||||
|
x 0
x 0 Alert Admin |
The metals markets have come alive of late. And while the sector's future is often difficult to predict, I'm inclined to believe that there's money to be made in them there mines and mills. Take copper, for instance. After falling off a proverbial cliff from roughly $4.00 a pound to well under $1.50 in the second half of last year, the price has moved slowly but steadily upward, based largely on demand from China. Chinese demand is typically seasonal, normally declining precipitously after April. But this year has been different. Chinese copper demand held in nicely through May, a key factor in the continuation of those slow price increases, which now have reached the low $2.30s. The results have been beneficial to the likes of Freeport-McMoRan (NYSE: FCX), the world's biggest publicly traded copper company, and Southern Copper (NYSE: PCU). Freeport's shares have run from the mid-teens at their low late last year to close at $58.96 on Tuesday. At the same time, Southern Copper has moved from just over $9.00 a share to $23.90 at the close of yesterday. Other metals are participating in the surge as well. Aluminum, for instance, has moved up 11% thus far in June, reaching a five-month high -- a big reason for the near-double in Alcoa's (NYSE: AA) shares this quarter. The company has been joined in its upward trek by smaller Kaiser Aluminum (Nasdaq: KALU). And then there's the Asian turmoil in steel. China is by far the largest importer of iron ore -- a key component in steelmaking -- and Brazil's Vale (NYSE: VALE), Rio Tinto (NYSE: RTP), and BHP Billiton (NYSE: BHP) control the majority of the world's iron ore market. A couple of weeks ago, amid sliding global steel production, Rio reached an agreement with Japan's Nippon Steel for a 33% drop in iron ore prices. Other steelmakers have joined Nippon, but the Chinese manufacturers still are holding out for at least a 40% discount from last year's price. The results will indeed be fun to follow. So the action definitely isn't slowing in the minerals and metals markets. Given recent history and share price changes, I'm inclined to suggest that Fools watch this sector closely, perhaps keeping an especially close eye on Freeport, which I think clearly has room to run, and Alcoa, which appears to be just getting started. Source: http://www.fool.com/investing/general/2009/06/10/theres-good-money-in-metals.aspx |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
knightrider
Elite |
11-Jun-2009 15:36
|
||||
|
x 0
x 0 Alert Admin |
I bought 2 weeks ago at S$0.06 and still holding it ! Good Luck. Maybe can also take a look at MDR, it is picking up ! | ||||
| Useful To Me Not Useful To Me | |||||
|
newtothis
Veteran |
11-Jun-2009 15:31
|
||||
|
x 0
x 0 Alert Admin |
ohh, actually i have been snapping up some amount at $0.065 I am pretty sure this share will rock pass 0.10 - 0.15 range pretty soon. This share base on my research has really really big potential. 1) China so far has only release 10-15% of thier promise stimulus. We can see demand surging pretty soon, as their target GDP is 8% this year and more in 2010. Most of it will come from internal demand and many will be construction projects. 2) The worst in china has pass now the condition is easing, everyone who is not an idiot can see from thier release indexes, china economy has truly bottom out and condition has started to improve. FYI the stimulus effect is just starting to show. 3) We have to remember the sichuan earthquake has made millions of people homeless overnight, China goverment will need tons of resources to built the demolished city. Join in the ride :)
|
||||
| Useful To Me Not Useful To Me | |||||
|
Laulan
Master |
11-Jun-2009 14:33
|
||||
|
x 0
x 0 Alert Admin |
That was why I bought a 200 lots at 4 cent and recently sold at 7 cents, nearly 100 per cent. But it is not because NAV that I sold. Just only taking profit. Will buy back at 6 cents. Queing up but still not getting it yet.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
newtothis
Veteran |
11-Jun-2009 14:30
|
||||
|
x 0
x 0 Alert Admin |
yes indeed but when we purchase stock for investment we buy into the future. Especially they are expanding and going into the right direction. | ||||
| Useful To Me Not Useful To Me | |||||
|
pharoah88
Supreme |
11-Jun-2009 13:46
|
||||
|
x 0
x 0 Alert Admin |
Abterra NAV is only S$0.04 and was in LOSSES in FY2008. | ||||
| Useful To Me Not Useful To Me | |||||
|
iPunter
Supreme |
11-Jun-2009 12:19
|
||||
|
x 0
x 0 Alert Admin |
People will wait for it to cheong, then they will chase and quickly buy in...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
newtothis
Veteran |
11-Jun-2009 12:15
|
||||
|
x 0
x 2 Alert Admin |
How come no one wants to give me comments about this share ? No idea meh ?
|
||||
| Useful To Me Not Useful To Me | |||||
|
newtothis
Veteran |
10-Jun-2009 13:56
|
||||
|
x 0
x 0 Alert Admin |
hi guys, I am new to this. However I notice both Straitasia and Abterra is both doing resources. How can their price different be so big ? I also done some research on Abterra and it seems to be a solid company and expanding aggressively. My personal feeling and view on this share is ..... Abterra should be value at least $0.50 to $0.65 range. Anyone can comments on it ? |
||||
| Useful To Me Not Useful To Me | |||||
