I might be sticking my neck out here but try charting the Nickel price against the Share Price and see if there is a correlation. I think you'll find that there is.
The Nickel price fell slightly last night, the SP didn't rise much today and was in the red.
Monday morning=$5.7417 per pound
Tuesday morning=$5.6283
Currently = $5.8891 (almost hit six bucks about an hour ago ie $5.9504)
[Kitco live quote].
The Buy-Sell ratio is OK at 3.14:1.24 million (bid:Offer) or 2.5:1 I would expect to see that ratio turn around in favour of the buy side tomorrow morning is the Nickel SP holds at current levels.
Albidon is currently losing ground in the UK but I get the feeling they are followers rather than leaders. Still, 15% off is a worry. I suspect it will pick up during the afternoon (their time) much as it did hear today.
Robert
chart for kevi, page-5
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.806M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29969 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 24875 | 1 |
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| ALB (ASX) Chart |
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