Today's trading is simply about quarterly report interpreting in my view those that interpret positively are buying, those that interpret negatively are selling. Any close in the green today will be very positive, the 'stags' will sell and move on, hopefully, stronger hands are taking those shares on. Jamwolf does bring up some very good points, this is a stock that does have considerable risk, the lower Ni prices do coincide with a poor quarter, currencies are declining (AUD and Real) against the USD this is an overall positive, though. I believe the tendency will be to drift lower in currency terms going forward. Production is absolutely crucial from now until the end of the year, if we can pick up 1000 tonnes extra or so of Ni over this quarter plus 10-20% more Cu, Co, and PGM credits this would definitely make a huge difference. It is in the lap of the Gods so to speak and is below .10 for reasons that collectively, we have all mentioned.
MBN Price at posting:
8.5¢ Sentiment: LT Buy Disclosure: Held
