impact of equity sell off..div ann..higher nic, page-2

Dear Klvnwng

In my view (and recent history will tell you this), the odds favour a short term v shaped recovery rather than a permanent sell off of the stock.

We have had a number of price scares in the past 8 months and each time Minara has responded with a new high within 2-3 weeks.

I do find it a little curious that the LME nickel price hit a record close following the China news, rather than plunging 5,000 dollars in a panic and finishing off the party. I presume the LME traders know what they are doing.

At year end, Minara could be anywhere between 5 and 10 dollars depending on where the nickel price is. My bet is that it will be at the upper end though.

Regards Eos