He knew that according to this method, Jin Changxing's investment had been at a loss so far, and this conclusion was certainly correct, but could the loss be so large? He was not sure.

But even if it is calculated at 1/3 of this number, plus the loan interest that Liu Zhongzhou said when he came to chat with him last time, the new mine will lose 350 million yuan a year!

However, it all depends on how the copper price will go in the future, if the copper price remains at the current position, Li Xin is confident that the annual loss of 350 million yuan he calculated is justified.

It seems that Jin Changxing stepped on another thunder!

It's no wonder that people in the company have recently said that Jin Changxing is a grave face, as if he has a grudge against anyone, and he also blocked the production data of the new mine to himself, the original reason is here.

Just when Li Xin was startled by the result he had calculated, Yu Hong quietly walked in.

Li Xin lowered her head and looked at the number on the letterboard in a daze, Yu Hong walked to the table, and Li Xin noticed her.

Li Xin said, "Why are you so elusive?

Yu Hong said: "Is it because I'm elusive, or are you mysterious? You didn't even see me when I walked in so swaggeringly, what do you think?"

Where did Li Xin make it clear to Yu Hong about the things he was thinking about, so he diverted the topic and asked, "You must have something to do, right?"

Yu Hong smiled and said to Li Xin: "Let me tell you, my stock has been sold." ”

Li Xin didn't react for a while: "What stock?"

Yu Hong said: "You asked me to buy Western Copper, you even forgot about it? ”

Li Xin said: "Oh, didn't you let you keep it? Why did you sell it in such a hurry?"

Yu Hong said: "Forget it, I'm also content, plus I heard Gao Hui say that the copper price has fallen very fiercely recently, and I am afraid that the stock price will also fall, and the profits in hand will be lost again." ”

Li Xin said: "Don't you see that the stock price of Western Copper is opposite to the trend of copper price? During this period, the price of copper is falling, but the stock price is rising, and you have sold early." ”

Yu Hong smiled and waved her hand and said, "No matter, let's settle down, I'll be content if I can earn this." ”

Li Xin smiled and said, "Sell it, just sell it, anyway, you don't need me to help you make up profits now." You're making more than $4 per share, aren't you?"

Yu Hong said: "I earned 4 yuan per share3. ”

Li Xin said: "That's okay, nearly 40% of the profit." ”

Yu Hong said: "Thank you, remember to tell me next time you have this kind of opportunity." ”

Li Xin said: "Okay, but when the time comes, don't shout nonsense." ”

Yu Hong said: "Where am I yelling? I only told Xia Xiaona." ”

Li Xin said: "It's okay to tell her, don't talk to others." ”

Yu Hong said: "I know, don't worry." Aren't yours for sale yet?"

Li Xin said: "I don't think it's time yet, wait and see." ”

Yu Hong smiled: "I said you should sell it too, don't be a pity if the cooked duck flies." ”

Li Xin said: "I don't think so. ”

Yu Hong said: "Then you can keep it, I'll come and talk to you, let's go." ”

Li Xin has not been worried about this problem that Yu Hong said. The stock of Western Copper has now risen to 13 yuan 9 cents 6, Li Xin's profit is nearly 60%, which is higher than Yu Hong's profit margin, plus his investment amount is very large, this profit is now a very considerable figure.

In the face of huge profits, he is also worried that if the stock price turns down, as Yu Hong said, the boiled duck will fly.

However, after a few days of careful analysis, he dispelled this concern and decided to cast a long line to catch a big fish. Therefore, he now has the leisure to analyze the loss of the funds invested by Jin Changxing in the new mine.

At about 11 o'clock in the afternoon, Li Xin received a call from Wang Minghui, who asked on the phone: "Li Xin, what are you doing?"

Li Xin said: "In the company. ”

Wang Minghui said: "Come and talk at noon?"

Li Xin asked, "Is there something wrong?"

Wang Minghui said: "There must be something, I can't say it clearly on the phone, and besides, you haven't been here for a long time, come over at noon today to talk?"

Li Xin said, "Okay, I'll come over after work." ”

Li Xin didn't go home after getting off work at noon, and drove to the securities company after eating in the canteen of the unit downstairs.

As soon as I entered the big room, I saw Wang Minghui and Long Yunkai sitting on the sofa with Erlang's legs crossed.

Li Xin said: "Mr. Long is also here." ”

Wang Minghui said: "Come and sit down, it's just that the two of us have something to talk to you." ”

Li Xin asked, "What's the big deal?"

Wang Minghui said: "It's about the stock price, we have been discussing it for two days, and I think this position should be sold, what is your opinion?"

Li Xin said: "It's about selling stocks again, and you are the second person to tell me today that you want to sell stocks." ”

Wang Minghui asked with interest, "Who else wants to sell?"

Li Xin said: "A colleague in the company, she bought it with me. ”

Wang Minghui said: "It seems that there are still many people who want to sell stocks, not only us, so what about your opinion?"

Li Xin said, "Why are you in such a hurry? I think you can stay for a while." ”

Wang Minghui said anxiously: "Big brother, haven't you noticed that the price of copper has fallen so fiercely recently? I think the stock of Western Copper can reach this position, I think it is already good, hurry up and sell it, otherwise it will fall along with the price of copper, and the profits in hand will be empty!"

Li Xin asked puzzledly: "Why do you think the stock price will fall with the copper price? Haven't you noticed? The copper price has fallen from more than 80,000 yuan to 60,000 yuan, but the stock price has risen from more than 9 yuan to nearly 14 yuan now, I think there is still room for growth in the future." ”

Wang Minghui said: "Have you forgotten what you originally said?"

Li Xin asked inexplicably, "What words?"

Wang Minghui said: "Your original analysis is very reasonable, thinking that the stock price of Western Copper lags behind the rise in copper prices, and we also followed your judgment to buy the company's shares." Now the price of the stock has really risen, but now there is another problem, the price of copper has fallen from more than 80,000 to 60,000 now. Copper prices have fallen sharply, and according to the law that you said that the stock price trend lags behind the copper price trend, the stock price is likely to fall with the copper price in the future, so now is the best opportunity to sell. ”

Long Yunkai said: "Yes, the situation has changed now. ”

Li Xin listened to it but said disapprerovitically: "This time and that time." ”

Long Yunkai asked, "How do you say this?"

Li Xin said: "At the beginning, the stock price seriously lagged behind the increase in copper prices because people did not realize the investment value of this company, and now everyone has reacted that the stock price of this company will rise in the future." ”

Long Yunkai said: "The price of copper has fallen so much, has no impact on the stock price of their company at all? ”

Li Xin said: "At the beginning, the company's stock price was only valued at eight or nine yuan, which was made in the market for the copper price two or three years ago, and now the valuation of the company's stock is based on the current copper price." From this point of view, the valuation of the company's stock is not yet fully reflected in the price. ”

Long Yunkai blinked his eyes and said confusedly: "I don't understand what you mean, hasn't the price of copper fallen by more than 24,000?"

Li Xin said: "That's right, the price of copper has fallen by more than 24,000, which is not a small decline, but I think the relationship between supply and demand is different from a few years ago, and the price of copper below 60,000 yuan now seems to be a bit low, and it will rise in the future." As for how high it can rise, I can't say for sure, but the copper price should be between 60,000 and 70,000 yuan, and the price of more than 70,000 yuan seems a bit outrageous, but it is not normal to be lower than 60,000 yuan. At this price, Western Copper's valuation should have room to rise. ”

Long Yunkai thought for a while: "Your analysis can't be said to be unreasonable, but the problem is that the stock price of nearly 14 yuan has risen by nearly 50% compared with when we bought it." For a company's market capitalization to go up 50% in just a few months, that's pretty impressive, right?"

Li Xin nodded and said, "That's right." ”

Wang Minghui said at this time: "I made more than 40% of a stock at once, I have never been like this, I should really sell." ”

Long Yunkai continued: "There is another problem here, just like Lao Wang said just now, in the past few months, the stock price has risen with the copper price, and the stock price is likely to fall with the copper price in the next few months." You said that it makes sense to use the copper price to measure the valuation of this company, but now there are two copper prices and only one stock price, what do you do?"

Li Xin asked: "There are two copper prices, but there is only one stock price?"

Long Yunkai said: "Yes, two copper prices. One is the all-time high of more than 84,000 yuan, and the other is the relatively low 60,000 yuan you said, and the stock price is the current price of nearly 14 yuan. ”

Li Xin said, "So what?"

Long Yunkai said: "I mean, how do you know whether the current stock price of 14 yuan in Western Copper corresponds to the copper price of 60,000 yuan or 84,000 yuan? If it corresponds to the copper price of 60,000 yuan, then as you said, there will be a big increase in the future." But what if it corresponds to the price of 84,000 yuan of copper? Then the stock price will also fall with the price of copper in the future, a decline of more than 30%, am I right?"

Li Xin completely understood when he heard this, Long Yunkai and Wang Minghui didn't hear what they meant, and the focus of these two people was on the 24,000 yuan drop in copper prices from more than 84,000 yuan to less than 60,000 yuan now.

The reason why I continue to be bullish on the stock price of Western Copper is that the copper price has risen from more than 20,000 yuan two or three years ago to 60,000 yuan at present, which is nearly three times the increase, and the corresponding increase in the stock price has not reached this level at all.