Agree that sentiment is dreadful at the moment - spot nickel jumped back above $5/lb and ALB is still down 15% today. I don't want any more of this stock but I'm finding it hard to resist buying some more at this price.
Profit is unlikely to be as high as many expected even a few months ago, but I'm still certain that they will make a profit, which is more than can be said about a lot of other producers (nickel in particular). I can't help but think a reduction in profit has already been soundly built-in to the share price at a market cap of $41m.
Curious to know what people are now saying about the government taking the mine back? Surely this can not eventuate? I guess stranger things have happened.
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