RE: RE: Different PerspectiveNope...no 29 any time soon. Triple whammy in effect right now. 1. Missed quarterlies; 2. Copper decline; 3. Eurozone mess (related to #2). Around 19 is the next support level offered by a moving average, then 18.60. If it blows through that then a freefall to 15 is possible before it might catch.
I sold this morning at the open (obviously wishing I had sold yesterday before the close) but if it drops below 15 it re-enters a level that makes it very compelling. Long term prospects are still excellent, but it will take another quarter for all the widening of the pit to be done so that they can get back to focusing on mining recoverable copper. By then at least one nickel project will be in production and the other shortly thereafter so that might be a good time to re-evaluate.
eebler