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  • Freeport to resume exports from Indonesia, but investors don't like terms [View news story]
    I'm not sure I really understand the why this comes those such a shock to the shareholders after it basically reflects exactly what was said yesterday.

    The main thing is that Freeport will be able to almost immediately begin shipping the huge stockpile of concentrate and resume normal operations at Grasberg where they were keeping things running but at a much higher operational cost.

    A few percent more in taxes and royalties would quickly be offset by any increase in copper prices. Other mines can't begin to produce copper at the prices Freeport can at Grasberg.
    Jul 24 12:00 PM | 2 Likes Like |Link to Comment
  • Freeport, Newmont said to agree in principle to Indonesia export tax [View news story]
    It is my opinion that Freeport to pay next to nothing in export taxes if they are forced into helping to build a refinery. Indonesia had no right to invalidate the COW that was already in place. They should reduce what they are mining to what the existing refinery will handle and redeploy the projected improvements into upgrading well profitability where unstable governments cannot rip them off.
    Jun 4 04:22 PM | 5 Likes Like |Link to Comment
  • Freeport CEO heads to Jakarta as export halt enters sixth month [View news story]
    I totally agree with with your assessment. I'm getting nervous about the state of the never ending upward trend in US equities am afraid a major downturn could seriously hurt the potential for this stock.
    May 30 03:48 PM | Likes Like |Link to Comment
  • Freeport McMoRan: A Focus On Environmental Metrics [View article]
    This information is so outdated as to be worthless. The company is not completely dependent on copper mining like it was two years ago.
    May 22 09:57 PM | 1 Like Like |Link to Comment
  • New copper tax clouds Freeport McMoRan's outlook in Indonesia [View news story]
    If Indonesian government doesn't relax tax requirements Freeport
    should cut back mining activities by 60%. Only mine what
    smelter can handle until new facilities are constructed.
    Reinvest the money in US oil and gas. Then the government
    can deal with a 60% loss in taxes and royalties.
    Jan 19 10:48 AM | 2 Likes Like |Link to Comment
  • Freeport-McMoRan EPS of $0.79, beats on revenues [View news story]
    Wait until Davey Jones UltraDeep wells are fracked and begin producing the trillion cf of nat gas that are projected!
    Oct 22 08:58 AM | Likes Like |Link to Comment
  • Freeport McMoRan says Indonesia export ban may cut copper output [View news story]
    Tell the Gov. that FCX will spend the $15b on exploiting oil and gas projects to maximize profits let Grasburgs total production dwindle to 40% of the current production currently smelted.
    Aug 13 04:07 PM | Likes Like |Link to Comment
  • Proxy advisory firm ISS becomes the third financial outfit to come out against the proposed $6B takeover of Plains Exploration (PXP +2.2%) by Freeport McMoRan (FCX +0.4%). The FCX offer is too low, ISS says, adding that "even at the announcement day valuation of $49.55, the transaction would offer little or no takeover premium to the current stand-alone value." (earlier[View news story]
    FCX will come out of this situation looking like it made another great move. I believe it's only a matter of time before one of these deep wells produces massive amounts oil and gas. If this comes true, the stock will double overnight!
    May 7 02:32 PM | Likes Like |Link to Comment
  • Despite concerns of a slowdown in China, Freeport McMoRan (FCX) thinks it's inaccurate to talk of a winding down of Chinese consumption. China will remain a key driver of demand growth in the years ahead, Freeport foresees; in China, "the basis is so much bigger than it was 10 years ago, especially for copper, that I'm not sure we should talk about a slowdown," SVP Javier Targhetta says. [View news story]
    I believe their stock is going to double in the near future if the global economy does not collapse. Their diversification into oil and natural gas could be the next great expansion for this company. I have held stock since the early 90s and the company has continued to become stronger with every merger or acquisition. I agree, if you don't like their approach sell their stock. I'm sure you will be sorry.
    Apr 10 10:57 PM | 1 Like Like |Link to Comment
  • Copper supply shortages will extend into the first half of next year, Barclays estimates, as an accelerating Chinese economy more than doubles the pace of growth in global consumption. Demand will outpace supply by 316K metric tons in H1, more than all copper in London Metal Exchange warehouses, before a surplus emerges in H2. [View news story]
    I have been holding this stock for several years now. It is very volatile but I expect it to reach new highs in the coming year.
    Nov 29 02:10 PM | 1 Like Like |Link to Comment