As anyone who has followed this company knows , it is one of the best managed resource stocks on the market .
They have flagged an accountancy loss for the 12/13 year of between $21 - $24 million. They have over $59 million in cash at bank and pay dividends - how much we will soon see - probably depends on their view on the Ni price and the $A.
IMO the Ni price is at a bottom and the $A is not.
There is obviously a big seller in the market who does not share this view ! How many they have left to sell I don't know but a big volume day accompanied by a crossing might be an interesting indication.
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