GREY:LBEFF - Post by User
Comment by
victor2009on Oct 06, 2010 2:39pm
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Post# 17536253
RE: Nickel above 11usd
RE: Nickel above 11usdRockbottom,
There are many other companies that are lower than they were five years ago. The comforting thing for LBE investors is that their company of choice is doing something about recovering from the doldrums. The Ni price increase to the current US$11.15 will accelerate LBE's plan s to reach its goals and potential, which was identified by experts as economically viable at US$7.00. The Ni price increase is of much less impact to non-producers, and of little impact to your company of choice which has no identified reserves.
Rockbottom, you can learn from history, but it's what a company is doing now that is pertinent. It looks like LBE has ended the decline that affected many mining companies and is rebuilding shareholder value. Your company of choice doesn't seem to have got the decline under control.
Hurts, doesn't it Rockbottom.