everyone’s gone quite? I gues waking up to some reality is a bit shocking.
Now i have illustrated the $ in NIA and maybe pointed out some reasoning why this stock is now over valued.
Have a read of this news (sydney morning herald) article which clearly thinks the way i do
Some key comments in this artical:
It will need nickel prices well above the long term average to make a go of it.
Forrest hasn’t brought much to the table yet!
The project may have looked good a few weeks back when nickel was trading at record highs
Could rank it as the most expensive producer in WA
The projects chances of getting off the found are not looking great.
http://www.smh.com.au/news/xchange/poseidon-returns-has-marginal-plan/2007/07/02/1183351125682.html
and you all reacon i have no idea? here is a news artical clearly saying what i have been pointing out for 6 weeks.
this is why the price is droping ladies, because smart money is moving out. this stock is not work owning at these nickel prices or at this share price which is why i sold!
when this stock gets to 70c and the nickel prices moves up it will then be a safe time to buy back in.
enjoy the fall
- Forums
- ASX - By Stock
- NIA
- twiggy will run this one soon
NIA
niagara mining limited
twiggy will run this one soon, page-34
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)