I am not holding nickel miners in long position. Neither WSA.
Even WSA makes money, but the SP cannot hold, still downtrend (Best Aust Nickel miner is WSA, roughly from $5 to $3 within 12 month.)
Yes, you were right, I do, " why didn't you look at some of the distressed nickel plays (or perhaps you have ?)".
However, I am shorting "the distressed nickel play", MCR
MCR Price at posting:
49.0¢ Sentiment: None Disclosure: Held