I appreciate your optimism, it’s usually me but I’m sceptical of the strength of the rally.
Broker data shows multiple institutions selling and retail buying on New Caledonia news / hype.
I hope this is a turning point for Aston as I am bullish long term and have been continually buying but I anticipate a pullback in Nickel price on the inevitable news of the return of stability within the New Caledonia region.
Flights have now resumed and the French President is now planned to visit the archipelago after ‘clear progress in re-instating order’
Exciting little rally while it lasts anyway, might be an opportunity for some to finally exit and hopefully see new institutions come on board and hold long term.
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