"but must admit im at a loss as to why the sp disconnect insofar as thx's other projects "
Could be something to do with the price of Nickel being under $10/lb, and Nickel inventories being at multi-year highs.
While the UMC holding has gained value, the Nickel project has lost some.
It would be interesting if the company re-released its 5th May "Financial Analysis" with up-to-date numbers: Nickel price in USD has fallen 30%, USD has fallen a further 20% on top of that, Copper has risen 15% compared to the figures they used.
Even with the rise in the Copper price, the loss in AUDUSD exchange rate means they are probably -ve on that one too.
Joel
very thin , page-10
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