- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
FCX - Freeport-Mcmoran (down 16% today)
Posted on 9/24/25 at 7:01 pm
Posted on 9/24/25 at 7:01 pm
I took a small position in Jan 2027 $50 call options toward the end of the day on the terrible news from their Indonesian mine.
LINK
It could be a profitable trade rather quickly.
Anyone else?
If not, possibly more downside tomorrow.
quote:
Freeport-McMoRan (FCX.N), on Wednesday declared force majeure at its Grasberg mine in Indonesia and said it is expecting consolidated sales to be lower for copper and gold in the third quarter, sending its shares down 10.4%.
Earlier this month, the company had temporarily halted mining at Grasberg after a large flow of wet material blocked access to parts of its underground mine, restricting evacuation routes for seven workers.
LINK
It could be a profitable trade rather quickly.
Anyone else?
If not, possibly more downside tomorrow.
This post was edited on 9/24/25 at 7:04 pm
4
Posted on 9/24/25 at 7:07 pm to bayoubengals88
I got them at $7 during the pandemic.
Posted on 9/24/25 at 7:37 pm to bayoubengals88
i want to see the morning action then might join you. i used to hold long term until last month
Posted on 9/24/25 at 7:49 pm to igoringa
quote:I’ll give it until tomorrow afternoon to average down.
i want to see the morning action then might join you. i used to hold long term until
Paid 3.40
Posted on 9/25/25 at 9:52 am to bayoubengals88
Picked some up at $35.90
Thanks for the thray!
Thanks for the thray!
Posted on 9/25/25 at 12:27 pm to SuperSaint
quote:
Picked some up at $35.90
Thanks for the thray!
shite. I'm out.
Posted on 9/25/25 at 2:15 pm to SmackoverHawg
quote:
shite. I'm out.
Posted on 9/25/25 at 2:37 pm to bayoubengals88
Looks like the mine will be closed for quite awhile.
quote:
enzinga
1:44 PM ET Sep-25-2025
Freeport-McMoRan Inc. (FCX.NaE) is facing a sharp financial hit following a deadly mud rush at its Grasberg Block Cave mine in Indonesia on September 8, which claimed two lives and left five workers missing.
The incident is expected to trigger substantial near-term production deferrals and weigh on the company’s stock performance.
In response, Scotiabank analysts led by Orest Wowkodaw downgraded Freeport-McMoRan (FCX.NaE) to Sector Perform from Sector Outperform, lowering the 12-month price forecast to $45 from $55.
Also Read: Freeport-McMoRan Confronts Hard Questions After Fatal Mud Rush In Indonesia
The revised valuation reflects a blend of 9.0 times projected 2026-27 EV/EBITDA and 2.0 times the updated 8% NAVPS estimate.
The Grasberg Block Cave, which accounts for about half of Grasberg’s reserves and roughly 70% of its copper and gold output through 2029, suffered extensive damage to equipment, rail and ore-handling systems, analysts said.
The bank stated that production at the affected mine is now expected to be negligible in the fourth quarter of 2025, with output in 2026 forecasted to be approximately 35% below prior guidance.
According to the brokerage, operations at the two unaffected mines in the complex, Big Gossan and Deep MLZ, are expected to resume by mid-fourth quarter 2025, while a phased restart of the Grasberg Block Cave is anticipated in the first half of 2026, with normal rates expected to be possible only in 2027.
Scotiabank cut its earnings forecasts for Freeport following the incident. Adjusted EPS is now projected at $1.29 in 2025 (down from $1.68 previously) and $1.16 in 2026 (down from $1.65), before recovering to $1.49 in 2027.
However, the bank noted, revenues are projected to be $24.98 billion in 2025, $26.02 billion in 2026, and $29.01 billion in 2027, representing an increase.
The brokerage cut its 2025-26 EBITDA estimates by an average of 27% to $8.4 billion and $9.0 billion, and lowered its net asset value estimate by 10% to $19.15 a share. It now sees sharply weaker free cash flow over 2025-27, with buybacks unlikely to ramp up until after 2026.
Price Action: FCX shares were trading lower by 5.51% to $35.60 at last check Thursday.
Posted on 9/25/25 at 7:52 pm to bigjoe1
Thanks. Closed at a loss on this.
Gotta know when to quit sometimes.
Gotta know when to quit sometimes.
Posted on 9/25/25 at 8:08 pm to bayoubengals88
Took a -$1k haircut on it. Luckily still in other miners.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News