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Southern Copper Corp. Message Board

rogluther 7 posts  |  Last Activity: Sep 22, 2014 11:21 AM Member since: Feb 5, 2007
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  • Reply to

    Another spill

    by dar200 Sep 22, 2014 10:48 AM
    rogluther rogluther Sep 22, 2014 11:21 AM Flag

    Hmmm ..... 11/15 am e.s.t ...... SCCO down 5.22%, FCX down 2.0% and VALE down 4.17%.

    Clearly the latest spill may be impacting SCCO share price today but it's not the only reason.

    Getting into buy territory IMHO for either a flip or long-term hold.

    Your opinion?

  • Reply to

    Share Price Drop

    by rogluther Sep 19, 2014 12:18 PM
    rogluther rogluther Sep 19, 2014 6:11 PM Flag

    A knotty little problem.

    I suspect that those who are not locked-in will be selling Alibaba in the near future to reap about a 50% gain. Will that bring some $$$$ back to SCCO / FCX etc. ...... likely, but when?

    So far ..... as far as the spill is concerned it almost seems like a non-event in the eyes of the markets, the tutes and Larrea. Will it remain so, I think it's very likely.

    I also note that yahoo futures show a significant bump.

  • rogluther by rogluther Sep 19, 2014 12:18 PM Flag

    Looks like the tutes have decided to dump both FCX and SCCO today. Is it a lemming reaction?

    Maybe if we wait a little longer we will be able to buy-in at the lows of recent insider purchases. So ask yourself are the insiders smarter than the tutes or do the insiders just have a longer horizon?

    Maybe, just maybe, the tutes need free-up cash to buy into the Aliabba IPO.

    Could be a chance for a flip, or if you can wait, a chance to get more shares on the long side.

    I suspect a couple of years from now nobody will be complaining about the dividend.

    Just some thoughts.

  • Reply to

    OT--where's roger?--OT

    by dar200 Aug 18, 2014 3:31 PM
    rogluther rogluther Sep 17, 2014 9:09 PM Flag

    Dar ..... I do my taxes every year with the latest turbo-tax software (and sometimes with the aid of a CPA) and ALWAYS answer all prompted questions honestly. A couple of years ago I didn't have to take a mandatory distribution from my IRA's, but I do now.

    Rest assured, that when preparing my 2014 taxes and when turbo-tax prompts me about a timber cutting capital gain I'll answer to the best of my ability.

    I'm not trying to evade giving Uncle Sam their fair share of any hard earned profits that they so obviously and richly deserve.

    I do feel really badly that my previous in-artful post and "what if" questions led you to believe that I would evade anything.

    There ..... I feel like a weight has been lifted from my shoulders now that we've resolved what was clearly a little misunderstanding.

  • Reply to

    OT--where's roger?--OT

    by dar200 Aug 18, 2014 3:31 PM
    rogluther rogluther Sep 16, 2014 7:01 PM Flag

    I'm back today after 5 weeks in the boonies!

    I resent your remark about my washing in the lake ...... it's the RIVER and the greenies are not a problem since the current washes away any #$%$. Always remember the solution to pollution is dilution!

    I finally got my land selectively timbered and yielded 550 cords. For you dummies a cord of wood measures 4 feet wide by 4 feet high by 8 feet long of SOLID WOOD since it is determined by weight of the specific species involved which in my case was about 45% red pine and 55% white pine. That represents a solid piece of solid wood 4 feet wide and 4 feet high and .83 of a mile long!

    The amazing thing is that apart from about 3 acres that I clear-cut and will replant with red pine, I'm still surrounded by a thick and now much healthier forest! Many of the trees I had cut were 9 sticks, that is, nine cuts of 100 inches each excluding the tops. That means the living tree was better than 85 feet tall.

    Sadly, I probably won't live to see another cutting in about 20 years but it's nice to know the two cuttings I've done since I've owned the property have easily covered my initial purchase price plus all improvements that have been made AND most of the property taxes.

    Cheers

  • Reply to

    Trading Volume, July 3

    by rnomava Jul 6, 2014 3:59 PM
    rogluther rogluther Jul 7, 2014 12:43 PM Flag

    It's nice to see that others notice these things.

    Higher than average volume actually started 7/1 and has continued to climb. Why? Maybe a leak in the BMO upgrade or maybe SCCO is just catching up to its peers.

    Whatever the reason, I'll take it.

  • Reply to

    Efficiency

    by rogluther Jun 3, 2014 12:25 PM
    rogluther rogluther Jul 3, 2014 12:25 PM Flag

    Have you been living under a bushel basket?

    Obama has openly stated his intent to reduce coal as a source of fuel for U.S. Power plants. He even stated “this would necessarily significantly increase the cost of electricity” (look it up). His stated intent is to lower emissions but it's really to curry favor to his base environmentalists and get their dollars and votes. The unintended consequences are that China and India continue to build coal fired power plants at a rate of about one per week and gain a further competitive advantage on U.S. manufactures by virtue of lower coal and electricity costs. Since global warming is a global problem (and a myth IMO) what has Obama's position on U.S. coal fired power plants really done for this “global problem”?

    As to your statement that wind and solar are more efficient methods power generation ….. why don't you tell that to China and India so that can understand that they're spending billions on old less efficient technology or maybe, just maybe, they're not a stupid as some believe and they've done their own cost/ benefit analysis.

    Did you happened to notice that in late June Obama, by executive order, opened the door to the 40 year congressional ban of the export of U.S. crude oil? Some say the unintended consequences of this action could bring the cost west Texas crude more in line with Brent and result in higher gasoline prices in the U.S., higher profits for U.S. producers and lower margins for U.S.refiners. Ask yourself why would he do this when we still import more than 20% of our oil from people who hate us and help fund people who want to kill us?

    Obama is an empty suit and the people who tell him what to do are ideologues who couldn't run a car-wash. They do not have the best interests of this county at heart or …... they're just plain incompetent or worst evil.

    Always remember ….. it's an undisputed fact …... that before you can re-distribute wealth someone by virtue of their hard work, sweat, risk and ingenuity has had to earn that wealth. This then enables the government(s) to confiscate a portion of that wealth to give it to others who have not earned it. But alas, both the earners and the takers get one vote ….. if they're citizens. Which brings up the question why do non-citizens get ANY unearned benefits from our government?

SCCO
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