Member Info for EssexMatt

Goldman Sachs Group Inc. raised its price forecast for nickel as the market is swinging to a deficit next year following an ore-export ban in Indonesia. The bank’s 12-month estimate is now $22,000 a metric ton, up 38 percent from the previous projection of $16,000, analysts led by Max Layton wrote in a report. They increased zinc and aluminum by at least 11 percent to $2,500 a ton and $2,100 a ton, respectively, saying iron ore, gold and copper have “the greatest downside” among the mining commodities. Goldman joins Morgan Stanley and Citigroup Inc. in boosting the outlook for nickel, already the best-performing base metal on the London Metal Exchange this year, as supplies are declining after the Indonesian restriction in January. The global nickel market will be in deficit of 201,000 tons next year from an estimated 20,000 ton surplus this year, with demand exceeding supply for aluminum and zinc this year, Goldman said. “Nickel is being boosted by the attempts of a large producer (Indonesia) to encourage value-add capacity domestically,” the Goldman analysts said in the report dated yesterday. “We have raised out already bullish zinc, nickel and aluminum forecasts, and lowered our copper forecasts, reflecting a quick-than-anticipated shift in the relative fundamentals of these commodities.” The ban by Indonesia, which accounted for more than 20 percent of global nickel supply in 2013, is unlikely to be eased until the second half of 2015, Goldman said.

Quiet yes but with healthy volume. Lots of support under the sp too.

Running with a tighter spead too

With the first trade

Agreed, for me the smelter and refinery will add a lot here, long term plan to get costs down as low as poss is the way to go for sure

Couldn't get a quote this morning from my broker, wasn't many shares around early on

Lot of money on 4p, come mwana

Full ask paid again, not much money above us either

Don't worry mate, a profits a profit.

Someone got wind of something this afternoon

Paid

Treading water above 3p is fine by me, next results are the ones with all the cherries on top. Cash cash cash

Have been great as mentioned earlier by a few. Some boards I post on are so full of cr@p you wouldn't believe. Reasoned discussion is almost unheard of on lse most of the time

Well said, finally lol. Think mapinga is the man for the job, been very impressed so far. In fact I'm pretty happy adding around three now, profitability is going from strength to strength and cash is king on aim. Even talk of a divi

Where's the rest??

Is beginning to look like a very good investment to make even for those buying in now, potential for growth is extremely positive and unlike other miners on aim is very diversified, nickel gold diamonds potentially copper and if refinery is converted even processing pgms. Cash is king and nickel is certainly helping out. Must say I've been very impressed with CEO also, think he is doing a petty good job.

Smelter decision will come first and I think a deal to refine pgms will follow shortly

Didn't get to watch l2 much today but it's starting to look like when this was held around 2p before q1 results. When is h1 due??

I'm still here, nearly sold for 2.95 the other day even got a quote lol. This rise hasn't finished, more news due. Get some good consolidation above 3p and may even buy some more

Sorry, just wondered if you saw that trade stuck on the bid late on this afternoon. Didn't realise you didn't have level 2 data. I did see that delayed buy your talking about, starting to get exciting here again