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Southern Copper Corp. Message Board

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  • Hmmm ...... why the nice pop shortly after open today?

    Could it be that "someone" bought almost 60,000 shares? Questions are: Who and more importantly why?

    "Somebody" put about $1.5 million of their dollars to work on no new news ..... or, is there some new news that we private investors are not yet aware of?

    Just thinking.

  • The price of Molybdenum has gone through the roof!

  • May 8, 2014 – Southern Copper Corporation (NYSE and LSE: SCCO) announced today a quarterly dividend of $0.10 per share of common stock, payable on June 10, 2014, to shareholders of record at the close of business on May 27,2014.

    Toldya not to be surprised with a dime.

  • Reply to

    Divident announcement soon?

    by kenpalley2000 Apr 22, 2014 10:46 AM

    Reminds me of the time I was working on a project in Latvia. I needed a piece of equipment delivered to the site and it would never come. I'd call the guy up and ask him when was it going to get there. His answer "Mebbe today. Mebbe tomorrow. Mebbe Chreeestmas." That's the way I'm starting to fell about this dividend announcement.

  • Reply to

    Divident announcement soon?

    by kenpalley2000 Apr 22, 2014 10:46 AM

    As part of their loan agreement they may have to get approval from the bank to declare the amount of dividend they can pay or if they can pay any dividend at all.

  • Reply to

    Divident announcement soon?

    by kenpalley2000 Apr 22, 2014 10:46 AM

    It's a good thing scco is not a public relations firm. It would have been bankrupt a long time ago. This grupo crowd just doesn't give a tinker's damn about non-grupo shareholders.

  • Reply to

    Divident announcement soon?

    by kenpalley2000 Apr 22, 2014 10:46 AM

    I guess we will find out Thursday. It's a little odd they are announcing the dividend so late. Normally they announce it before they announce the earnings.

  • Reply to

    FCX vs SCCO net cost per pound

    by dar200 Apr 24, 2014 11:01 AM

    Buenavista is the lowest cost mine in the world. ASARCO cost is around $2.50.

  • Reply to

    Looking Good

    by obama_is_no_hero May 1, 2014 12:42 PM

    You could have made a fortune over the years buying it up when it went below $30.

  • With Tia M about to blast off and copper no where to go but up price wise, SCCO is screaming Buy Me at this sub 30 price

    Sentiment: Buy

  • Reply to

    Not Looking Good

    by chuckkings May 1, 2014 9:33 AM

    I've owned this stock since the original miners sold their shares. I've seen more shorts get burned then I can shake a stick at.

  • chuckkings@sbcglobal.net by chuckkings May 1, 2014 9:33 AM Flag

    This stock will tank within the next few days. Going to increase production by 5%, why, just giving up more
    copper at 15% less profit??
    Will be downgraded and shorts are lining up.
    Look for the mid 20s before the drop stops.
    Charlie Star

  • Reply to

    Makes Perfect Sense???

    by rogluther Apr 30, 2014 1:00 PM

    Hey Warm nice to here from you again.

    Low Q1 GDP was caused by bad weather ..... does this debunk the theory of global warming?

    The "market" expects stronger growth in subsequent quarters ...... how many times have I heard that old saw ...... but I guess beating .1% shouldn't be too tough.

    Copper should rebound ..... maybe so. Copper has a lot of REAL uses in everyday life ..... as does silver, do you think silver will also rebound?

    Bottom line, a better economy continues to be "just over the horizon" ..... trouble is, where is the horizon? I suspect it'sat the end of this November and IF the Republicans take the Senate, we'll find out within about a month how their policies have dealt a death blow to that economy that was "just over the horizon".

    Always remember, in life, only one thing is important ..... getting re-elected. And, as revealed in the growing Benghazi scandal some things are worth changing the FACTS as long as it's for the greater good ...... getting re-elected ...... the TRUTH be dammed "what difference does it make at this time".

    Me thinks we're being fed a lot of misinformation or, in other words, lies..... and that applies to Benghazi and the state of our economy.

  • Reply to

    Makes Perfect Sense???

    by rogluther Apr 30, 2014 1:00 PM

    Yes, it makes perfect sense. Q1 is over and low GDP number is explained, for good or bad, by bad weather. It seems that market takes this explanation with full faith and expects stronger growth in subsequent quarters.

    Copper should rebound in Q2 because Q1 concerns about Chinese growth were exaggerated by tabloids, as usual. In meantime LME copper storage numbers dropped by 30% since last alarm about China. Sooner or later world may notice the bottom in the copper pot.

  • Hmmm ..... as I post, Gold is down, Silver is down, Copper is down, SCCO profits are down, GDP is a HUGE disappointment and the DOW and S&P are UP and SCCO's share price is UP slightly.

    Does this make any sense?

    It makes me wonder what is going on in the background to bolster this seemingly unexplainable diversion and HOW LONG CAN IT GO ON? If I were into conspiracy theories I'd suspect the heavy hand of the plungers in advance of a mid-term election ..... but that's just me.

    If nothing changes the old saw of "sell in May and go away" may prove to be doubly true this year. It's too bad that I can't really do a wholesale sell without sending a significant amount of $$$ to the government in the form taxes and thereby enabling the addict ..... they've trapped me.

    What to do ...... free-up cash by selling the few poor performers that I hold or at least the few poor preforming lots that I hold and then wait to re-enter the market and/or buy more insurance in the form of Gold or especially Silver. This will take some thinking ..... something that becomes more difficult as one ages.

  • Looks like a big down turn when folks see that much of a decline.. I'm sure dividends and other spending will be cut back severely til copper prices rebound next year.. China has their own mine now.. That's why I bought FCX instead of just copper... FCX is oil too.. and a bigger dividend

  • Reply to

    FCX vs SCCO net cost per pound

    by dar200 Apr 24, 2014 11:01 AM

    From scco earnings release:

    "Operating cash cost per pound, net of by-product credits was
    $1.02 in 1Q14."

    52 cent per pound difference is HUGE regardless of copper price.

  • Reply to

    FCX vs SCCO net cost per pound

    by dar200 Apr 24, 2014 11:01 AM

    Dar,
    Most of us know by now that SCCO will almost certainly have a lower cost per pound. What is interesting to note is that even FCX is able to sell at twice what it costs to produce. Profitable business this copper mining. If or when prices head back up to $3.50 or more profits will soar. One threat I see is the increased use of fiber optics which is SOME applications reduces the need for copper. Another is the increase in home rooftop solar panels that will reduce the need for transmission lines.

    Ken

    Sentiment: Hold

SCCO
33.23-0.02(-0.06%)Jul 25 4:00 PMEDT

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