re: Ann: Company Insight - Discussing June Qu... You have wonder the intelligence of some Minara shareholders selling at 64 cents when LME Ni stockpiles are at their lowest levels for more than 2 years.
Stockpiles of nickel stored in LME warehouses fell for the sixteenth consecutive session today and now total just over 102,350 tonnes. Stockpiles have fallen by 3,954 tonnes so far this month and LME warehouses have yet to record an inbound shipment this month. Considering Norilsk resumed shipping early last month, numerous analysts began forecasting a surplus of nickel in the second half of 2011,
and we are in the typically slow season for stainless steel production, you would think this would be raising some eyebrows.
I think that when the LME levels drop below 100,000 tons maybe we'll get some analyst who has half a clue and will put a BUY on MRE.
re: Ann: Company Insight - Discussing June Qu... You have wonder...
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