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Southern Copper Corp. Message Board

bs572 50 posts  |  Last Activity: Mar 30, 2015 11:24 AM Member since: Mar 26, 1998
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  • My Broker yesterday suggested I sell half as the market sentiment is -ve. He expects to see a new low this Q and therefore alerted me to this possibility.
    I am glad I took his advice. Its down again..

  • Buy DSCO and experience the tail spin. You might even land on the floor.!

  • Any details.! Thx.

  • bs572 bs572 Feb 23, 2015 12:35 PM Flag

    Not likely.Wall St took MR.M for a ride and he in turn took his investors.

    Steel and ore have 20% excess capacity globally. That excess cannot be stopped due to colossal enviro claims which Govts will trigger if MT dares to close down since unionized workers will be out of work. and Govts are pandering to them for votes.

    Be patient till 2030 or later to see North of $20.

  • bs572 bs572 Feb 19, 2015 12:01 PM Flag

    Not quite. Nepotism still prevails. Check the number of airlines that received Bank loans and within 24 mths went into Bankruptcy. That is why their Loan defaults is sky rocketing.

    The Mandarins and the banks are now bed fellows trying to raise cash thru Bonds for infrastructure. Infrastructure in India can never pay for itself for the next 100 years or more.. In short the Bond holders and the Banks will face a loss when the Bonds are due since the BOnds will depreciate with time..

    A good Bank should not have any Bonds that do not have triple rating by a reputed adjustor.

  • bs572 bs572 Feb 13, 2015 10:24 AM Flag

    Div cut likely as Cos have steep losses. Iron ore, Copper ore , Coal and Steel have 20% excess capacity and no one is willing to close down. Unions/Govt wont allow it. MT will trade $7-12 till 2020 by which time three or more global steel makers will closedown due to accumulated losses.

    Bad Gamble for a few pennies in Divies.

  • Have 300 shares in my 401. My Broker advises me to sell these as he believes that there will be another quarter of shortfalls.

    Does any on have any handle on expectations going forward?. I am in a difficult position as I have seen my earlier gain evaporate both on this one and GILD.

  • Reply to

    Wasting more money on more conferences

    by riverfront418 Feb 2, 2015 1:45 PM
    bs572 bs572 Feb 4, 2015 11:48 AM Flag

    Abs true. But people love to hear pin stripe waffle ; hence the conference.!

  • Latest from S.A; some like it hot. So let the oil on the boil.!

  • Reply to

    They are stealing your shares.

    by fred_woodstone Feb 2, 2015 2:03 PM
    bs572 bs572 Feb 2, 2015 4:06 PM Flag

    Investing there is not that simple. It is built on nepotism and family connections. Because of this the loans are given freely to Cos with fly structure. From time to time the fly declares a Co. Bankrupt with connivance of the Bank. Pl check their ever increasing default loan lists and who got what. In addition check how many start up including Airlines have gone under.

    The latest scam is to denationalize the railways, Oil and Power . In scam 1 these will be undersold to buyers with connections.The buyers in turn will draw on loans from the Bank and Foreigners thru Bonds. They then go Bankrupt in scam 2 whilst selling the undervalued assets to a sister Co with the Bank playing ball.The sister Co now gets the assets , The Bank, the loss and the original owners the public get a pittance. So goes the merry go round.

  • Reply to


    by mlefkowitz Jan 25, 2015 11:07 AM
    bs572 bs572 Jan 29, 2015 5:37 PM Flag

    gpd: That's what I thought too initially. They asked me to give them proof that their ancestors had not done what they claimed. .

    I was told that was in accordance with old age logic that they say was the modus operandi. I was floored.

  • Reply to


    by mlefkowitz Jan 25, 2015 11:07 AM
    bs572 bs572 Jan 28, 2015 1:07 PM Flag

    BBC had a clip. Did you see INFY chief with the PM and President. The rumor is that the patents in those Terrabytes of scientific papers discovered will not be sold but will be only be licenced thru INFY.

    This is one of the biggest science finds in History championed by his party. They believe they will be restored as the greatest civilisation that ever lived on planet earth. Could that be the reason the President went to India.?.

  • Reply to


    by mlefkowitz Jan 25, 2015 11:07 AM
    bs572 bs572 Jan 26, 2015 5:03 PM Flag

    That country recently had a science Congress. They said they had discovered stacks of Scientific papers that their ancestors had used to make super alloys, Rockets, Fission & Nuclear Energy, Semi Conductors, teleporting , Computers and Surgery. They hinted INFY could be the lead firm for translating these documents which are in Terra bytes + figures/drawings and that this would be the
    basis of their new program Make in India. They even had a huge model of the worlds first hypersonic Train on display for the President.

    Could be our President got us access to these very precious patents which would then be wonderful news for us and MT. Unfortunately details of the process and news are being kept under tight wraps.

    These people in India could be awesome .

  • POT Cos. will soon face the same fate as what is happening in Oil. There is a surplus and the king of Potash Uralkali is likely to take out all the rivals and planned start ups in 2015 by stepping up production once again.

    The global gut is over 0.35m Tonnes per day . The percentage price drop could follow what happened in Copper or Oil.

  • Analysts are paid by their client ; not you or me. It is in their interest and their clients to raise the price on the way up and depress it on the way down.

    If you are smart you buy when there is a sale like now and hold for 12 -24 mths looking at the price once a week only. I can assure you in 12-24 mths you will ne 20-40% ahead of the current price.

    The market is all about greed and fear. Learn how to use these sentiments intelligently..

  • I overheard my colleague at work saying INFY has been chosen as lead Co for selling India made technology. The latest news shows that they have found ancient books over 15k years old showing how to make supersonic jets, AUV's, Tanks, Gene splicing, Nuclear physics, Medicine , space station, and space rockets.

    INFY seems to be the Co. chosen to decipher the code ,compile and sell this technology abroad. This is fantastic news if some one more knowledgeable could confirm what it is all about and how it will impact INFY .

    I was told that the President is scheduled to go over there to get a piece of the action for us.

  • Reply to

    Sold my shares

    by idpatton01 Jan 13, 2015 11:58 AM
    bs572 bs572 Jan 13, 2015 12:27 PM Flag

    Wow; my Holiday home in South Keys could be a winner this summer when all of Wall Street heads South.

    Do you have any feel of the dates and the preferred location these well heeled Folks head to.?.Thanks.

  • Like in S.A you can now get Gas Fill cards forward delivery of gas at the pump against todays price. The only trouble is that each card has a limited fill so you need to get atleast 5 or more to make it worthwhile.

    Try it and save as you go.

  • Reply to

    What is up with Google guys ? Little Help...

    by wolfpackengnr Jan 12, 2015 7:26 AM
    bs572 bs572 Jan 12, 2015 12:37 PM Flag

    My Broker wont disclose his Customer's orders but he is willing to help me with some guidance re: the number of pending trades he has.

    On that basis there are many GTF orders near $420 and Sales above $500. He tells me he expects the low around the 4Q and it wont hurt keeping your powder dry. till then.

  • Reply to

    No offense intended

    by terryramsey007 Jan 9, 2015 3:58 PM
    bs572 bs572 Jan 9, 2015 5:12 PM Flag

    Only affluent clients know whats happening. My Broker is relatively fair. He wont disclose any details but he will advise small investors like me if he his cients are buying or selling.

    I sold last week when he said he had no GFT orders from any clients against 2 sells for the past month.

    He advice was to nibble after the summer at a lower price after the sell off.

29.18-0.41(-1.39%)Mar 31 4:03 PMEDT