Re: Bad Citigroup! Bad, Bad!!
in response to
by
posted on
Sep 29, 2008 10:01PM
Producing Mines and "state-of-the-art" Mill
..did my DD, read back 3 months on this board, read all news releases, talked to Gary, double checked Sedar, checked the financials, check the technicals, shared a beer with the locals. I will say, this board has a lot of talent, and i don't see anything that has been over looked, i took down a good position in the last week and i will just sit back and observe, as i see their is a lot of active posters here. I have noticed that, their is not much discussion about the contract with Vale coming up in Sudbury next April. Rumours, here , are for a shut down to start at the end of April, at which time a month of holidays will be offered to employees, WITH A VOTE ON THE NEW CONTRACT after this time. Talk on the street is for a company take away of the lucrative nickel bonus, which will provoke a strike and play into Vale'S hand as they require 6 months to perform contract work ( maintenance projects ).I am thinking that this should take a good supply of nickel off the market, and also may affect FNX as they use Vale'"S SMELTER, also their is talk that Goro will cost 1 billion more than planed ,which could also keep the delay going..Enjoy your day, Traps7