has sally malay's run ended?

Three different bits of news all yesterday prompted my thoughts that SMY recent good share run may have reached its peak.

The ASX release of a further isue of 1.725 million shares at a price of 29c.

The Article in Mining News that SMY has hedged 50% of their Nickel sales for the next two years.

And also in the same article they are looking acquiring the defuncted Lennard Shelf zinc project in Western Australia that is in receivership.

So what are peoples thoughts. I thought all the above news was a negative with a company that really has no blue sky. Prices will be locked in now to the profitability of the nickel mine.