market over reacting as usual

I have confirmed with MRE that there are absolutely no new issues arising in relation to the plant.

There is some disappointment in relation to some of the negative press coverage and until steady state production is achieved there will be some scepticism remaining in the market.

Two good bits of news which should be taken into account.

Firstly, most of the brokers are way under the current market price on their forward price models which will require an upward adjustment.

Secondly, the current shut was fully budgetted for and nickel continued to be produced albeit at a reduced level.

This will only be short term weakness before upward trajectory returns corrrectly reflecting the nickel price.