OTCQX:BALMF - Post by User
Comment by
Chaulkduston Aug 24, 2019 1:00pm
89 Views
Post# 30062272
RE:CD
RE:CD
Glad I could stir the Nickel Pot a bit, should be JF’s job. BAR has some good ground but no one knows about it since the company lost focus. I see the Ni inventory increased 8,000 tons and is now in a higher channel. More than likely some off LME inventory being moved out of private inventories to take advantage of the higher price now. It hasn’t affected price to much, down .10-.20 cents in the new channel. The long run is in our favor and the inventories will continue to decrease and eventually the price will continue up again. Everyone wants this to happen overnight but it doesn’t work that way and may take a year or more for this to all play out, but it certainly will. Once inventories reach the 100,000 ton level and below the action should really blow up.