Yes, they kept mentioning that magic $4/lb production cost, but that was a target, as it turned out, that they were far from achieving and so were actually bleeding $$$ even as the Nickel price went to $4.50.
When I found that out I cut my losses and left. They went belly up the next month.
Nothing nasty here at GBP ~ rose on the sniff of an oily rag and fell a couple months later. But before the rise they were trading in the 12~15c range and I think that is likely to be the range going forward.
Strength at 12c on the buy side (63k) for the first time in a week. May creep up a few spots from there.
Robert
- Forums
- ASX - By Stock
- dawwgg
Yes, they kept mentioning that magic $4/lb production cost, but...
Featured News
Add GBP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online