nickel price continues to rise

The Nickel Price is now over USD 14050 and the USD is strengthening over the AUD (1 AUD buys 0.8918 USD). Just look at the positive trend below:

Back on 18 November the Nickel price was around USD 13700 (1 AUD only bought 0.94 USD) and SIR's share price closed at $2.46 (peaking at $2.54). In AUD terms, Nickel was worth around AUD 14,575.

Now SIR closed at $2.02 and Nickel is worth AUD 15,755 (up over 8% from 18 November) and SIR's share price is down around 20% following a placement at $2.44.

A re-rate is imminent in my opinion.