I would suspect the falling share price has less to do with the annoucement and a lot more to do with the price of Ni which is falling fast. If the Ni price continues to fall (which I think it will in the short term) the share price will continue to trend downwards.
I got out today at between 5.50 and 5.60, will look at buying back in again once I think the downwards trend in the Ni price has stopped, at this point I think the share price will stabilise as well.
While it is still going to make great money at a lower Ni price the market sentiment will pull the share price down with the falling Ni price.
L
WSA Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Held
