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I think we had a great week overall while the general market had a terrible one :D we hit bloody 4.8p!! I think that some pullback was inevitable and consolidation is healthy, I believe that next week we will continue our march north;) gl all matadors
Double placing was in 2018 because first one was 6.5 and second 10p… not 3.5 and 4 lol… absolute bo*ocks… I Think it’s just profit taking after a long run up, half of the rampers here are selling now I bet… people were happy to pay 4.8 so we will move back up eventually
Agreed Lawrence, that’s why I’m loading up faster than planned, it might take few months to consolidate after such a massive fundraise, but nickel soaring up could fasten that… question for you guys - what are the main risks here besides the obvious covid, nickel demand and Brazil not being the most stable country in the world (although much better than the rest of South America), it almost seems to good to be true!
https://oilprice.com/Energy/Energy-General/Nickel-Slides-Into-Deficit-As-Stockpiles-Tumble.html
Looking good for further gains on nickel
My first few tranches, might still drop to 6p (BCN had similar range after fundraise) but I’m in for the long haul so not bothered, gl all
Wouldn’t put it in a drawer mate, this will rerate like it does every Q1, we are just around the placing price so the party is just getting started, also Brent at $85 now, every $10 change in oil is 40% change to Heron’s NPV!!!!
https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Jump-Over-3-Ahead-Of-Inventory-Data.html