Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

Free
Message: Nice Spot Price Move

Re: Nice Spot Price Move

posted on Feb 21, 2008 12:17PM

"How can nickel prices have any effect on share price when your previous post said it should have NO effect on share price?????"

Perhaps I miscommunicated myself or was misunderstood. As it stands now, with a low amount of production, share price is much less affected by nickel prices than it will be in the future when we are ramped up to capacity.

I certainly have nothing to gain by being supportive of the current share price or by being overly pessimistic about the future; my investment in the company is quite small (and I have no plans to purchase more) and I would be more than happy to see the stock shoot up to $5 or more a share overnight... but I try to be a realist and look at things from all angles and from what I can see and analyze, I see some potential pitfalls that we have to jump over before I feel the stock price will start to aggressively climb. If and when the share price doubles or more, I will certainly be among the rest of you celebrating our success. I'm an accountant, so it's my job to be conservative and count the beans as they appear.

Is someone playing games with our share price? Perhaps... to me the daily volume speaks otherwise, but who really knows... it certainly does happen... but I like to think that over the long term, our success will squash whatever attempts are going on to depress the price.

I could certainly be proved wrong in the near future... this is just my opinion of how the nickel market impacts LBE's share price, others have different points of view. Debating these points of view are what these forums are for.

Share
New Message
Please login to post a reply