The announcement says that the problem is nothing more than a slow ramp up and a low Nickel price, but they told us as much during the recent suspension and cap raising.
All the commodities are down at present, but that won't last - oil at $43.70??? That is cheap even at the pre-price rise over the last 18 months - it is now below even its long term trend.
Other commodities will at least return to long term trends that are now higher than the present prices, so ALB is looking good.
For those who bought high and have been holding, now is the time to buy low and bring that average price of your holdings down to something respectable - something that will be lower than the SP we'd expect to see by the end of the first quarter of 2009.
Robert
ALB Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
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