larrys1 / radgegadge / up,Thanks for your input on this. Looks...

larrys1 / radgegadge / up,

Thanks for your input on this. Looks like a good company but financials are closely tied to nickel and the overall market.

I took a look at the ASX short levels and they are sitting at 0.63%, which is probably mid-range. I'll have to go back on the historicals to see how much shorting activity there has been.

Broker data for July to-date shows UBS buying 1m, Citi another 680k and Hartleys another 680k again of the 13.3m shares traded. On the sell side, ITG Australia 1.3m, Credit Suisse 425k, Goldman Sachs 397k. It doesn't look like a heavily day-traded stock in the last month, although Merrills, Deutsche and Macquarie seem to be doing a lot of bot trades. Based on the average broker buy/sell prices, few people have made any money this month although I suspect the short positions are well in the money now.

Thanks again. We'll see how this one pans out. It'll be a long-term hold - as Walter Schloss says "If the assets are there, something good will happen."