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Ann: Quarterly Activities Report, page-27

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pgrace

5,191 Posts.

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29/01/16

07:34

Post #: 16891116
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Originally posted by dmmz ↑

Good decision; much smarter than BHP running out their 9Billion dollar WMC reserves at a loss!, WSA should stop as well, why would you sell premium 5% product into this market just to keep wheels turning? The Nickel market today is the direct result of the Chinese pushing Nickel from $6700/t to $50000/t in just 4 years to manipulate the market and take the product for a steal once the capital was committed. Time for the Australian government to step in an put export quotas on natural resources goods going to China, otherwise they will steal it all. Chance of that happening with our corrupt politicians? ? ? zero ??

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Depressing as it is - I am thinking zero. Gone are the day of "protectionism" in Oz... this will be and is already to our detriment.

All the best

Gracie

Last edited by pgrace: 29/01/16

MCR Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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