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Junior Copper Sentiment Changed Today

Posted by nexvucapital on November 28, 2012

The spurned $70 per share offer for Inmet (IMN.TO) by First Quantum (FM.TO) was a catalyst to the entire Junior Copper sector in the last hour of trading today. This sector is historically undervalued and the news of the First Quantum offer seemed to be the catalyst that many Junior Copper companies needed. For the first time in many months there appeared to be a need to own and a reason not to sell. Let’s see if this carries through. The strength of copper in the face of declining gold prices today was also evident but positive sentiment hit the Gold Juniors in the last hour of today’s market as well. If this is the catalyst hopefully you were smart enough to buy while the crowd was leaving…

IMN.TO Daily November 28 2012

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