SLT is finally closing purchase of Asarco out of the Bankruptcy Court for One billion dollars less than the original proposal. SLT is not only buying a major copper producer on the cheap, it is likely that the purchase is occurring close to the bottom of this price cycle in copper. Moreover, SLT is an Indian company and copper usage in India is on a secular uptrend.
Consider buying right here around $4.70 aggressively, adding on dips and adding if markets in general improve. FCX , a major copper producer has been very strong lately. Observe the relationship between the stock price of two copper producers.
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THE ARORA REPORT, Ltd.
HOME OF THE UNIQUE ZYX CHANGE METHOD
DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING
VERIFIABLE PERFORMANCE RECORD
Every closed trade since 2007, without exception, is included in the performance results.
Number of winning positions: 162
Number of losing positions: 10
Average annualized % return per position: 296.77%
………………Check out details .
THE ARORA REPORT, Ltd.
HOME OF THE UNIQUE ZYX CHANGE METHOD
DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING
VERIFIABLE PERFORMANCE RECORD
Every closed trade since 2007, without exception, is included in the performance results.
Number of winning positions: 162
Number of losing positions: 10
Average annualized % return per position: 296.77%
………………Check out details .