hi scd,to be honest i should know more about this company i paid...

hi scd,

to be honest i should know more about this company i paid a bit too much for them ($0.84) - should have waited another week or so before getting in. i bought them based on the chart and as a ST speculative play expecting the price of nickel to rebound. i am surprised this stock has underperformed compared to other nickel stocks today - but as you say i hope today was the bottom - i wish i had waited and bought them at 79c.

from what i know of the company they are waiting for the wet season to finish (march 04) before commencing production so am expecting a rally prior to that happening. the website is quite informative http://www.sallymalay.com/ and other people on HC have posted informative posts on this company.

anyway if OXR does go down to the mid 80s as goblin is suggesting then i am going to be tempted to sell the SMYs and buy more OXRs cum rights.