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1.55% $1.97 metrics real estate multi-strategy fund

Minara was undervalued with nickel at US$8.00/lb, so the good...

  1. rocket973
    4,695 Posts.
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    03/08/09
    20:46
    Post #: 5464127
    Minara was undervalued with nickel at US$8.00/lb, so the good news is that the nickel price is continuing to increase.

    Nickel August 03,06:21
    Bid/Ask 8.3688 - 8.4141
    Change +0.3152 +3.91%
    Low/High 8.0422 - 8.4708

    You can add another AUD$32 million profit pa. with todays increase in the nickel price. My guess is that Minara is getting ready for a major breakout.

    "Nouriel Roubini comments that commodity price rally could extend into 2010 as the global recession abates. Roubini and Alan Greenspan both see signs of recovery ahead (Bloomberg)."
    MRE Price at posting: $1.18 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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