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Southern Copper Corp. Message Board

  • rogluther rogluther May 20, 2014 2:33 PM Flag

    Ahhh Finally

    Now we may know why the recent rise in SCCO share price.

    On 5-5-14 SCCO stated in the 10Q they expected to produce 672400 tons of copper in 2014 versus last years 670000 tons. So a rise to 800000 tons this year represents a 19.4% rise from the 2013 and an 18.98% rise from their 10Q statement on 5-5.

    Since the latest estimate is only about 2 weeks after the 10Q estimate one has to wonder when did they really know about their latest estimate and more importantly ....... who else knew ..... ergo the share price pop.

    It will be interesting to see if SCCO bought any more shares and when. Does anyone else smell a rat.

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SCCO
30.00-0.06(-0.20%)Apr 17 4:00 PMEDT