glencore offer predatory and opportunistic, page-4

- The strong long term outlook for nickel;
I am seeing a long term cap on nickel due to NPI, a cap around $9-11/lb.

- The temporary high Aussie dollar which has put pressure on margins.
It has certainly put pressure on margins, and could potentially become worse...if America continues printing money (QE3) and Australia continues to go strong.

- The temporary international economic crisis - ditto;
There is a real chance of it becoming worse. Europe is potentially a disaster and in the US more people are entering the workforce than jobs are being created. Their almost 10% unemployment rate is seemingly here to stay for a long while.

All shareholders can choose to sell or hold. For me this is seeming like a safe exit when nickel prices are not particularly strong, the AUD is painfully high and the world economic outlook is uncertain.

I am in profit and thankfully past my ex-CGT date. My mother is in profit on my recommendation.

Time to jump on the next opportunity.