Member Info for EssexMatt

Indeed. When the book finds a level to draw the buyers back in this will move back up

Quite a few people forecasting nickel prices to be circa 20000 by then as well, too true on drifting sp, expect a bounce from 2.5p and returning volume

The future of Glencore Plc’s (GLEN ▼ -1.70% 360.50) shuttered ferro-nickel mine in the Dominican Republic was cast into doubt after passage of legislation declaring the region surrounding the mine a national park. The Senate approved a measure yesterday creating a protected area at Loma Miranda, home to the Falcondo mine. Glencore, led by billionaire Chief Executive Officer Ivan Glasenberg, called for “rationality” in decision-making on the mine’s future, the Baar, Switzerland-based company’s local unit said in a statement today. The cost of permits to operate the mine will rise if the national park legislation is signed into law by President Danilo Medina. Affected landowners will be compensated, according to the bill. The mine, which Glencore acquired in 1956, contains 19.3 million tons of minerals.

We have enough money while waiting for kallak decision now, I'm not taking part in the placing though

Diamonds and copper due to move up in price over next few years, most major banks think diamonds could go high mostly due to chinese demand. Think your right about klipspringer and should be taken off care and maintenance soon though what the market will value it at is another thing entirely. China reiterated support for Zimbabwean investment today after international investment in the country fell 60% last year

Volume again

Thank you Tracy

Won't let me view without paying!!! Odd read a few of their reports and didn't need to pay then. You read it Tracy??

Yeah, book was false last week, they pulled out all the resistance at 2.75 today. I'm looking at 2.5p before I'll dip my hand in my wallet again

Agreed, and if that's true it will become apparent in next quarterly update. Meanwhile we get to accumulate on the retrace

-Zimbabwe President Robert Mugabe meets China’s President Xi Jinping in Beijing as he seeks Chinese funding to help build infrastructure for the Southern African Development Community. Chinese trade with Africa has topped $160 billion annually. 16:00 in Beijing (04:00 EDT).

I would like to attend if I can get out of work, if not though I'm confident you will put mpinga through his paces for us lol

Book may have looked strong last week but it's dominated by mm's on the bid and ask and the buyers have left for now

Sat above 2.75 resistance and 50 dma all week long. Poised for a move upwards next week??

Makes no sense to be today lol. I would see today as a great time to buy in with all that money on at 2.75

Big resistance at 2.75 with not too much above us. Looks like a good buy if it touches that

I would very much like to, will have to see if I can get out of the day job lol

Hi mate, thanks for taking the time to compose that post. I myself am very excited about third party smelting will be very lucrative. Interesting insight to Zimbabwe goings on

Barring shut downs ect that should be this quarter, golds kept constant around 1300s and nickel trading between 18000-19000 for most of the quarter so margins should be good. I see glencore announcing buybacks after bumper profits

At full ask lol!!!