Yes, 7.4c. But I took profits and bought back in several times, profits yesterday at 13.5c and bought back in at 18c today. Usually one can rely on a daily dip but the rises have been too strong, so I won't be taking profits until the price settles down (around a dollar ?)
This stock sat on 50c for a couple of years, 04~05, but they were only prospecting then. As they ramped up to production, the price rose to $3.00 and pretty well sat there for over a year. Then leading up to production the price spiked to over $5.00 before the precipitous decline mirroring the drop in the Nickel price, and this right when they actually started producing.
So $3.00 would be the logical price, about half what it would have been if it went into production without the collapse of the Nickel price and demand.
I'll be happy if I can recoup my earlier losses, but I think I'll be in profit with this one before too long.
Robert
ALB Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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