B1 -- look at these
B1:
Actually, I was not complaining at all in my earlier post.
Look, the market is telling every one LBE has no future, and the stock should go to ZERO, but Is this the best time to buy? That is the real intent.
My technical indicators are showing all signs of positive (bullish) divergent, and now we have two mines operating.
Yes, Nickel price is low, but it is higher if we compare to the Nickel price several years ago. When I put my money into LBE, Nickel was around maybe 5 dollars per lb, now $7.6. At that time LBE is bankcrupted, it had mabe $300 in the bank, no mine, no deposit, just 4 to 5 promising properties. Now, LBE still has the same properties (and more), two mines operating, higher nickel price, but the market wants to sell LBE to zero. Can it go to zero? No. Of course, NOT.
Any one who is concerned with the company should call the management. They will tell you now it is the best time to buy LBE.
For those who want to follow LBE, they need to look at BDI index as I mentioned this before at LBE forum, DRYS is an important stock in BDI and it can approximate BDI index.
Another important indicators are SLX, STEEL, and EWZ. All of these turned in the last few days! They all deal with steel or iron, and nickel is used in steel processing (nickel is needed in certain steel processing). So, if nickel customers turn around, nickel producers will turn around too.
BDI index indicates how iron was shipped, and if more iron is shipped, BDI will go up. So, if BDI go up, more nickel will be needed.
So, what do we have?
1) External factors changed -- STEEL, SLX, EWZ and BDI (DRYS) all turned up; but they are not in a trend yet. We can wait for few more weeks and they may become a trend.
2) Internal factors changed -- two mines instead of one mine just started.
3) Stock technical indicators -- all turned bullish divergent.
4) Price --- 3 years low.
5) sentiment -- extremely bearish as it seems it is completely hopelessness (as witnessed in LBE forum), and this is excellent, as this is a contrary indicator.
I can NOT find a better time to buy lBE if the second mine is economical. According to the feasiblity study, it is.
Disclaimer: I am not a prophet and I can not see the future. But if we examine all the facts as outlined, LBE is close to the bottom price. It may go down future. But how much lower can it go? Another 30 cents? If so, some one must pay me to own the stock. This is impossible. So, what is the down risk? $0.20 at most. But if the second mine is economical, it may go up a lot from this point. Do your own DD, and count on your own judgement.