I guess nobody was impressed by SCCO saying the were positioned to go into the oil shale biz
but I had a goal to try to find a company other than PMEX to invest in. Mexico drug cartels are a concern to me but does anyone have an impression of managements ability to execute such projects? comments please they would be appreciated
Most likely, SCCO doesn’t go to oil business. Parent company (Grupo Mexico) considers it. SCCO will stay in copper business.
Recent weakness was caused by negative comments on copper price from few market analysts. LME copper inventory numbers tell different story, positive to copper price, and so far copper price trends up, for about two months already. Probably, it needs to break 3.50 to move share price to 30s.