AXN 0.00% 3.6¢ alliance nickel limited

I keep a graph of the LME cash nickel closing prices. The price...

  1. 23 Posts.
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    I keep a graph of the LME cash nickel closing prices. The price bottomed on 23/03/20 at 11055. Last night the cash price closed at 12300 for the 4th time above 12000. The graph is making higher tops and bottoms, buying is better than selling so the trend is up. History repeats and markets are cylindrical, this up cycle in Nickel is going to last for sometime both in time and price, an increase in the price of Nickel increases the value of Nickel in the ground, this increase is not reflected in the price of GME. GME is lagging behind the Nickel price, because the directors may have difficulty in negotiating finance for the mine. However with an increasing Nickel price will make it easier to negotiate a deal. GME has been in a long decline since 30/10/17 when it topped out at .19cents, closing at .18 on high turnover.. The turnover in GME has been increasing over the past 4 days with a turnover of 437598 today. Bottoms and tops are sometimes indicated by high turnover. I think that GME is near the bottom of its down cycle and is due for an up trend. I like GME as 60% t0 70% of the shares are tightly held, the directors have a wealth of experience in the mining industry. It is easier for a share trading at 0.034cents to double or treble in price than a share trading at 30cents or $1
 
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Last
3.6¢
Change
0.000(0.00%)
Mkt cap ! $26.13M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 17182 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 83864 2
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Last trade - 10.00am 09/07/2024 (20 minute delay) ?
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