Good News released this morning - rumours of imminent closure or other problems appear to be entirely overblown. Production is ramping up, though a little slower than optimal.
With the current slump likely to ease through the new year it looks like Albidon is set to pick up, if not from here, from very close to the current SP.
ALB has been dragged down by the rest of the market, but is in fact looking quite good in the medium term and even better long term. In the short term, the buy:sell ratio is at 1.44m to 701k or two to one so I would expect to see it hold or rise this morning - a 100k buyer at yesterday's closing price is soaking up all the nervous sellers at present.
Robert
ALB Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
