FCX：暴跌后

bucks

今天 FCX 出消息后，暴跌 -16%。心中很痒，放到 LIST 上，观察观察。大家有啥看法 ？？？

Description
Freeport-McMoRan Copper & Gold Inc. (FCX) is an international mining company. FCX is one of the copper, gold and molybdenum mining companies in terms of reserves and production. Its portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, and the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC). The Grasberg minerals district contains the recoverable copper reserve and the gold reserve. It also operates Atlantic Copper, its wholly owned copper smelting and refining unit in Spain. FCX has its operations into five primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum operations. As of December 31, 2011, consolidated recoverable proven and probable reserves totaled 119.7 billion pounds of copper, 33.9 million ounces of gold, 3.42 billion pounds of molybdenum, 330.3 million ounces of silver and 0.86 billion pounds of cobalt.

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today's news that caused the sell-off


Freeport-McMoRan Copper & Gold Inc, Plains Exploration & Production Co and McMoRan Exploration Co announced that they have signed definitive merger agreements under which FCX will acquire PXP for approximately $6.9 billion in cash and stock and FCX will acquire MMR for approximately $3.4 billion in cash, or $2.1 billion net of 36% of the MMR interests currently owned by FCX and PXP. Upon closing, MMR shareholders will also receive a distribution of units in a royalty trust which will hold a 5 % overriding royalty interest on future production in MMR`s existing shallow water ultra-deep properties. The combined company is expected to be a premier U.S.-based natural resource company with an industry leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. The terms of the transactions were negotiated by and recommended to the board of directors of each of FCX and MMR by separate special committees of independent directors. The transactions are expected to close in the second quarter of 2013.

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Bencat

  watch for two to four weeks.

bububaba

是个机会.

heheboy

shareholder gets almost 10% dilution, i hope this is not like ANR, buy MEE, then ANR itself becomes garbage now.

hellofriend

It is not bottomed yet. I bought 10 shares to put it in watchlist.

当时惘然

应该逢高空之。。。

bucks

hellofriend 发表于 2012-12-5 08:40 PM
It is not bottomed yet. I bought 10 shares to put it in watchlist.

that's a good way to keep it on the radar. Sometimes I just forget  

bucks

当时惘然 发表于 2012-12-5 09:02 PM
应该逢高空之。。。

也不错呀。到时喊两嗓子  

当时惘然

bucks 发表于 2012-12-5 10:08 PM
也不错呀。到时喊两嗓子

不喊不错，一喊就错。。。

befriend

Fan8an

放出天量，很像一步到位。

bucks

Evy Hambro, manager of BlackRock Inc. (BLK)’s $12 billion World Mining Fund, questioned Freeport- McMoRan Copper & Gold Inc.’s rationale for buying two oil and gas companies and said investors should get to vote on the deals.
Freeport, the largest publicly traded copper producer, said today it agreed to acquire Plains Exploration & Production Co. (PXP) and McMoRan Exploration Co. (MMR) for about $9 billion to diversify into energy by adding oil fields in the Gulf of Mexico.
The amount of Freeport stock used as payment isn’t sufficient to require a vote by shareholders, Chief Executive Officer Richard Adkerson said on a conference call hosted by the Phoenix-based company. A vote would be “fair,” said Hambro said on the call. BlackRock held at least 3.1 percent of Freeport on Sept. 30, according to data compiled by Bloomberg.
“Congratulations on making one of the worst teleconferences I’ve ever heard to justify a deal,” Hambro said. “I haven’t heard anything on this call that in any way justifies why these companies should be put together.”
Freeport slumped 16 percent to $32.16 at the close in New York, the biggest decline since Dec. 3, 2008.
“I hope you’re not going to be jumping to conclusions too quick and look at the history of why we’ve been successful in the past,” Freeport Chairman Jim Bob Moffett said on the call in response to Hambro’s comments.
The Plains and McMoRan deals mark Freeport’s return to energy after 18 years. McMoRan was spun off from Freeport- McMoRan Inc. in 1994.

aimei

(*^__^*) 嘻嘻……
看着好

hunting

源济

天地

BUY BUY BUY















below 30~~

fishpet1

3q very much

bucks

another 4% down, has entered the support area that's worth of close watching

the low for the time being is 30.5, so technically the support has been breached.

6degrees

自由港FCX下沉，前景负面：

http://www.reuters.com/article/2 ... ketsNews&rpc=43

bucks

Like Hellofriend, bought 10 shares today to keep it on the radar