Maybe an opportune time to exit this stock in the short term and take the gamble to buy back at lower prices. MBN needs three things to occur: lower production costs, a positive change in the direction of the nickel price and a lower Aussie dollar. At MBN's peak price of $8 in '07 nickel was approx. A$30, it's now approx A$7.50. The nickel price is still in decline, the Aussie dollar is solid [ and won't drop much even with an RBA rate drop] and the pace and magnitude of a production cost reduction is a MAYBE.
MBN Price at posting:
47.8¢ Sentiment: ST Sell Disclosure: Not Held
