Yes, they kept mentioning that magic $4/lb production cost, but that was a target, as it turned out, that they were far from achieving and so were actually bleeding $$$ even as the Nickel price went to $4.50.
When I found that out I cut my losses and left. They went belly up the next month.
Nothing nasty here at GBP ~ rose on the sniff of an oily rag and fell a couple months later. But before the rise they were trading in the 12~15c range and I think that is likely to be the range going forward.
Strength at 12c on the buy side (63k) for the first time in a week. May creep up a few spots from there.
Robert
GBP Price at posting:
12.0¢ Sentiment: ST Buy Disclosure: Held
