ALB 0.00% 4.7¢ albion resources limited

Alquimista,I feel your pain along with other shareholders. I...

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  1. 4,578 Posts.
    Alquimista,

    I feel your pain along with other shareholders. I sold some weeks back and had to take a decent loss. But it was clear to me the writing was on the wall with on going issue's with the mining operations, and more to the point the very low head grade and with the price of nickel getting hit recently operating margins were always going to be very marginal.

    The problem is not the notes with the low sp and I don't care what others say here, it comes down to ALB can't archive higher head grade of nickel its as simple as that!!

    My exit sign was the Q report which brought to question cash revenue numbers did not add up along with very poor head grade and other on going issues and dodgy management. Too many question marks so it was time to cut a loss and move on...

    For you and others I really hope they can turn this around, but I have to be honest it does not look good.
 
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