ALB 0.00% 5.7¢ albion resources limited

Yes, 7.4c. But I took profits and bought back in several times,...

  1. RKS
    573 Posts.
    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
 
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