Antofogasta

4127 days ago

Guest Post Sam Bottell: Antofagasta: Two reasons to sell now at 1323p

I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from him from TradingResearch Point…

I tend to agree with the conclusion

While many small cap miners struggled in 2012 both operationally and as a result of negative investor sentiment, through a malign market, the disappointments were not necessarily confined to the small fish. With a market cap of £13.072 billion, Antofagasta is a company that packs a punch but its size doesn’t necessarily mean it’s immune to operational setbacks. But it also faces a major macro negative. The shares are a sell at 1328p and here is why.

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