We'll see the big volumes next week ~ I think it will rise quite quickly (Nickel over $5/lb at present).
ALB followed the Nickel price down and will probably follow it back up - the real killer near the end was the anticipated Nickel price of less than the cost of production in the foreseeable future, but that has turned around and we are now around current production cost and above the anticipated March production cost.
If there are no disasters between now and Monday I think we'll see a very strong week.
Nice to have something positive to look forward to :)
I think half of the 2008 peak is a reasonable price fore the stock ie $2.50 (I'm willing to let mine go for that price right now - why wait, get'em while they're hot!!!)
ALB finished 31.03% ahead for the day - $279k traded. Will be a million plus Monday.
Robert
ALB Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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