time to short, page-4

Well...


INGNORE this quote, mgale is just a senless ramper...

"You are right that a 10% rise in nickel is not a 10%rise in profits- it is actually slightly above that.(about 6mill per quarter onto the operating surplus and pre tax profit."

That sounds like ramping to me without any consideration for the 'REAL' numbers. Let alone T/A of the charts.

Hmmm... There is an INCREASE IN COSTS form $4.81 to $5.11 to $6.15 AUD/lb in each of the past 6 months periods. Payable Ni does not include costs. Hence costs are only going up.

And remember there is hedging in place too for contractual delivery of quantified Ni.

So despite mgale ramping this stock, he is really just living a FANTASY. I would take profits now prior to the fall.