Nickel down to US $3.95 per pound now. Even the Aussie up to 72 cents, so no respite there.
Graph in Bloomberg showed that about 60% of production under water at these levels. At least stocks are coming down which is one positive.
MCR is a well managed company and will no doubt ride this out, but there is no compelling reason to buy now.
Agreed that sub 20 cents is a real possibility.
Ann: MD's Presentation at AGM, page-12
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
