Xstrata is a major global diversified mining group. Xstrata maintains a meaningful position in six major international commodity markets: copper, coking coal, thermal coal, ferrochrome, vanadium and zinc, with additional exposures to gold, lead and silver. The Groups operations and projects span four continents and seven countries: Australia, South Africa, Spain, Germany, Argentina, Peru and the UK.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Coal:       42%
Copper:    25%
Zinc:       18%
Chrome:   10%
Vanadium: 4%
Others:     1%

Hope you got out GF. Might not see these levels for a bit.

Certainly did DD at around lunch time with a lovely profit.

Its been a corker over the last week or so but like you say tomorrow could be a different ball game.

Certainly one to go for when we have got past the next spike down to lows on the ftse of 3600 or less and then onto recovery. All imho.

Nice trade today on XTA. Long close to the bottom and out 720p.

Been a long time since I've been able to trade like that but sensed it was on today.

Can't wait for these crap markets to sort themselves out.

Another in and out yesterday and today.

Suspect I've got out too early but with Citigroup results at 11am anything can and probably will happen. A profit is a profit and in these markets that is rare!

Yep well done DD had the flu this week so been inactive.

Just looking at mondays crystal ball here, problem is the US is closed for a holiday and then the new president gets sworn in the day after.

Looks like we could keep stable with base metal prices up before the Chinese hols starting about the 26th.

See this report from friday......http://www.kitco.com/reports/platts_jan162009.pdf

Loads err money.

corker of a trading stock.

Yes but it has suddenly been sold off over the past 30 mins.
It was recommended as a top pick a few days ago which probably explains the rise. Looks as though it is over now for the moment.

best to use daily S/bets with this one DD I reckon.

Quick to take money off the table.

hope your doing well.

A positive for XTA

Reuters

METALS-Copper hits 2-month high on China demand hopes

02.09.09, 12:20 PM EST

http://www.forbes.com/feeds/reuters/2009/02/09/2009-02-09T172030Z_01_L9238389_RTRIDST_0_MARKETS-METALS-UPDATE-6.html

Will copper recover sooner than people think?

A review of what is happening in copper supply suggests that losses in output through closures and project abandonments may be sufficient to turn the market round quicker than many analysts would seem to contemplate.

Author: Chris Welch
Posted: Tuesday , 17 Feb 2009

http://www.mineweb.co.za/mineweb/view/mineweb/en/page36?oid=78568&sn=Detail




http://www.mineweb.co.za/mineweb/view/mineweb/en/page36?oid=78568&sn=Detail

huge drop here.
something to do with the rights issue no doubt

Yep it was predicted, its no suprise.

Stock split/similar or whatever they call it these days.

Stay clear at the moment because huge protest by shareholders because of XTA's decision to acquire Colombian's Glencore.
And rights issue is not a good option.

certainly wouldnt buy them H98.

You short?.

Rights came out at 210p...of course, I'm shorting.

oooooooooooooooohh you are brave.

Or maybe a fool I am. Wish me luck.

You will probably need it H98 given the volatility of that stock.

Cant remember a stock so volatile over the course of a day during december and january.

It gave me and some of the lads over the road grey hair in that short period.

Not sure how quick it is now, but best of luck.

does anyone know if xta has had its rights issue yet ? 350p seems very low on this stock.

Subscription for rights @2.10 per share to be in by 5pm. 10/3/09 at selftrade.