- The strong long term outlook for nickel;
I am seeing a long term cap on nickel due to NPI, a cap around $9-11/lb.
- The temporary high Aussie dollar which has put pressure on margins.
It has certainly put pressure on margins, and could potentially become worse...if America continues printing money (QE3) and Australia continues to go strong.
- The temporary international economic crisis - ditto;
There is a real chance of it becoming worse. Europe is potentially a disaster and in the US more people are entering the workforce than jobs are being created. Their almost 10% unemployment rate is seemingly here to stay for a long while.
All shareholders can choose to sell or hold. For me this is seeming like a safe exit when nickel prices are not particularly strong, the AUD is painfully high and the world economic outlook is uncertain.
I am in profit and thankfully past my ex-CGT date. My mother is in profit on my recommendation.
Time to jump on the next opportunity.
- Forums
- ASX - By Stock
- MRE
- glencore offer predatory and opportunistic
glencore offer predatory and opportunistic, page-4
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRE (ASX) to my watchlist
(20min delay)
|
|||||
Last
87.0¢ |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online