Well, we don't know for sure that it is closing.
ALB was well placed until recently and Nickel has not fallen that far recently - it had already reached its bottom. Nickel futures are up
http://www.lme.co.uk/nickel.asp
Current price is $10,400 USD/tonne ($4.7/lb) through to around $11,400 for the 27 month ($5.17/lb).
Unless there has been some sort of disaster apart from the Nickel price I'd say they were OK.
Were your other mine closures also Nickel?
I'm going to wait and see (so, what else can I do? :)
Robert
trading halt, page-4
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Mkt cap ! $3.720M | |||
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