MCR
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0.52% 96.5¢ mincor resources nl

NIckel Close to Bottom

  1. bubby
    2,269 Posts.
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    05/08/15
    05:50
    Post #: 15751332
    Western Areas MD reckons prices are close to the bottom.
    http://www.smh.com.au/business/mini...little-lustre-to-diggers-20150804-girir0.html

    Meanwhile, fastmarkets has released an in-depth analysis on Ni for Q3 and beyond. The scope of it suggests that Ni inventory should start to wind down soon and presents a decent story for Ni price.
    http://www.fastmarkets.com/base-metals/nickel-analysis-forecast-q3-2015

    I maintain my prediction of a return soon to 50c for MCR and much less likely scenario (analysts) drop to 25c.
    MCR Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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