AGM australian governance & ethical index fund
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russian dumping nickel to get lionore

  1. ghosta
    2,775 Posts.
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    24/05/07
    08:41
    Post #: 2476067
    Dont be sucked in by this temporary fluctuation in nickel prices. Its all a ploy by Norosilk (spelling?) to put a bit of panic in the market so Lionore shareholders accept their offer.

    1500 tonnes of nickel was suddenly was thrown on the LME market. This is up from the average of less than 150 tonnes per day since the Russians made an offer for Lionore.

    Strange! Not really, quite a transparent ploy, but amazing how many people get sucked in!

    AGM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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