igo licking its lips over nickel price, page-5

CRed,

Probaby, but not sure. Ni stocks appear to me to have taken their cue as much from Wall Street, as from the pon the past few weeks, appear to have been ignoring the surreal excesses of the pon.

Case in point: LIM was up 72 cents on the tsx last night, closed one cent off the 12mth (all time?) high, despite the pon having already crashed.

IGO in particular has a few things going for it:
1) I think we can expect a good quarter prdn wise.
2) Tropicana getting very close to the really exciting phase
3) Next years hedging has muted the climb, therefore should lessen the retreat.
4) This is an exploration company, aleady seen highs over $5 at much lower pon last year. We have only just pulled out of a sentiment low wrt this imo.

Just the opinions of a longterm holder.
EL