I agree with you traps7. Lbe is a great buy. Mineralfan, all my stocks are down too. There were some big buys today (100,000) and some 1,000 share buys. IMHO its a day to go cherry picking if you have cash.

As far as the markets go - by the time they talk recession - you are in the midst of it. Markets are shown as being hugely interrelated. Alberta Clipper did a good article where he talked of a whittling down of companies. For us it is simply a waiting game. One positive for us is the Chinese advanced us 30% of the value of our Ni then and we have those orders to fill and we get back the other 70%. In terms of where we are at - we would still be working on building our ramp to the richer grade ore and that is when our prices will really drop. Our financing is in the midst of being filled. Its a good rate of return for investors and from what I am reading it is first lean on our properties - so investors will look on it as a well secured loan. During these trying times I would think this offering looks promising which is good when you are going after money.

As far as trading range goes, that spread between $0.17 and $0.24 is likely very real. Institutions will do what they need to do to make money and we as individuals are just riding the current situation. Yes we can sell our shares - but I look at the value down the road. I will take my chances.

On another note I was watching a show on India and what is going on over there. There is a real demand for raw materials and that will come into play soon. When I go shopping - I shop for bargains. Ni is right now a bargain. Sometimes I will hold off a purchase thinking I don't need the item right now and wait to see how far down it will go. I think this is happening right now and we just have to trust where our money is. As to the SP - it is what it is and we have lots of company in the doldrums.