Ni inventories are still rising according to kitco.
Yes agree that a few producers are mining at a loss and using up their cash reserves perhaps.
Maybe in a years time,the supply side will be down but by then global demand could be even weaker than it is now.
I think maybe ni price could settle between $3 to $4 over next few months which could be closer to the long term trend price of ni.
Hard to imagine today that wsa was $12 less than a year ago and without all the recent excellent results from sp. quoll.
In the current environment,any further excellent drilling results would do absolutely nothing for wsa's share price.
The most recent good results were met with a sp decline.
However I am still satisfied to hold as this company is one of the best amongst its peers for reasons stated on numerous posts over last few weeks.
- Forums
- ASX - By Stock
- WSA
- change of directors notice
change of directors notice, page-11
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)