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My two cents worth

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Super Contributor
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Frequent Contributor
Welcome to the "HateGauteng & Blik" show... Guys don't hijack this thread - go and start you own one.
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Super Contributor
Apologies, got carried away.
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youngster, you pull that gibberish out of hte oxford concise dictionary of cliches? The whole premise of buying and selling stock is that you see things the market doesn't. Its called appetite to risk, and my appetite for risk on MTX is higher than the market's. My thread was intended to identify the risk
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Super Contributor
hahaha, MTX is one of my favourites i have a small open position now, if i remember correctly there loan was taken out with standard bank in $, due to rand strengthening >20% will be interesting to see the effects this will have on the results?
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Frequent Contributor
skaaptjop: you said copper is around 3900 but on http://www.lme.co.uk/copper_graphs.asp i see it is around 5100. do i miss something. where do you look at your daily prices for copper.
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Frequent Contributor
No, he said that MTX's cash costs were $3,900 - not sales price
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cash costs are $3900 and 50% of production is hedged at $3900. It is hard to see if this is all production, or just production on the new rushdi II, their crown jewel. There projections are that this new mine will give a 300% increase in production, which will more than offset the loss of hte gold revenue after the sale. Also note, that hte cash costs include finance charges, and that these should come down after the sale, by around $300 per ton, by my desktop calculation
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