Tuesday, May 22, 2012

Henry Sy Up Stake on Atlas Consolidated Mining

Henry Sy upped his stake on top copper mining company in Asia, Atlas Consolidated Mining. Expressing confidence that the turnaround of the company is within its reach.

I think, the company is fundamentally sound. Except the past years when it almost got bankrupt. I think copper is more useful than gold. Another competitive advantage is that they have their own ports which minimizes the expenses in transportation. Third largest copper mining in the world. Tycoons are in its board.

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