Nickel is moving back up slowly, testing US$12.40/lb. What is interesting is the LME stocks, they are declining ever so slowly. I don't think the market yet realises that nickel stocks are declining but copper stocks are increasing. It seems that most investors are usually unaware of stock directions until journalists bring it to their attention. I'd say that the smart money is already seeing these declining nickel stocks and Minara is a secure nickel play. We need the LME Ni stocks to drop below 100,000 tonnes, and this may happen by the June. If Minara announces another 5 cent divi at the half year, then this could be the BUY BUY signal to investors.
MRE Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held
