Legume thanks for your view, different views make the market....

Legume thanks for your view, different views make the market. You seem convinced there is no other possible outcome other than complete capitulation - any reason why you're not short? Easy money if you're correct

I actually don't disagree with most of what you've said - MBN has a very long list of bear points
1. LME nickel stocks are very high
2. Short term nickel price outlook is average to poor
3. MBN is cashflow negative at average prices $1/lb higher than current prices
4. Cash levels are relatively low considering cash burn rate
5. Sentiment towards MBN is extremely low - Morningstar and Patterson's have strong sell recommendations.

I personally like it when sentiment is this low - as I think this is when opportunity is the highest.