ickel prospects excellent

This is a reply to Biggles posting, but I refuse to post under his topic as it is not a commonly held view and could be misleading.

However the articles need investigating.

1) http://www.estainlesssteel.com/stainless-steel-news.shtml

The commentators quoted in this site formed a view that as their were recent "mixed reports" about nickel demand in Asia that the outlook was uncertain.

Unfortunately for them the reports of nickel demand decreasing were articles written in July and reprinted word for word in October. Why- draw your own conclusion, but it may be that Asian SS manufacturers wish to prolong the present uncertainty.

2) http://www.theaustralian.news.com.au/story/0,25197,22663551-5005200,00.html

This article is a disgrace.

It says "the analysts are getting gloomy about the metal's price outlook."

Which analysts? It does not quote any analysts at all. I read widely and havent seen ANY analysts say the oulook is gloomy.

Certainly most say that future prices are uncertain.

There are a number of large nickel projects on the drawing board throughout the world and several under construction. Some suggest its possible that they may contribute to an oversupply, particularly if their is a slowdown in growth in Asia.

Others say they wont even keep up with demand especially if there are contruction delays and cost blowouts, which are normal for these large projects. This is a view held by nickel producers who are accumulating smaller companies, investigating new projects etc at a rate that seems to be ACELLERATING.

The truth is no-one knows for sure, all are guessing as to the future nickel prices.

But to suggest the futre is Gloomy- total F***ing nonsense.