It seems the fall of Nickel below $12k per tonne is causing someone to dump stock in this one. Might add a touch of terrorist uncertainty there as well. Not sure who, but one broker accounted for all sell trades so far today. Weaker US dollar from the terrorist action is not helping either i guess. I think this is very short sighted on this one.
I don't have a position but i think there could be a potential buying opportunity here. I mean $11.8k per tonne is still a hugely positive price and a lot of their costs are in US dollars as well.
Any comments anyone?
Cheers
Flash
JBM
jubilee mines nl
It seems the fall of Nickel below $12k per tonne is causing...
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