March 24th 2009 - ASX Trading Halt:
'The trading halt is requested because the Company's funding arrangements, while well advanced, have yet to be finalised between Jinchuan Group Limited, the senior lenders and unsecured creditors.
We ask that the trading halt be in place until the conclusion of the Company's funding arrangements. If this is not achieved on a timely basis, then the Company and its subsidiaries will be placed in voluntary administration.'
This was followed by suspension from the ASX on March 26th.
On March 24th 2009 the Dow closed at 7660, already on the way up from the lows of 6470 hit just days earlier on March 06th. Ni price, as gauged from Kitco charts, was maybe US$4.7 (anyone got a more accurate price?) - this was also off the lows of ~US$4 IIRC.
It should also be remembered that the Trading Halt of March 24th 2009 was not the first, hence the reluctance of ALB to join in with any exuberance.
One year forward & we are still in limbo, so maybe another 2 months still to go? Bring it on! Dow today is 10888, Ni price US$10.17.
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