Member Info for EssexMatt

If gold can hold around 1200 dpo while nickel swings back next year mwa will be able to reap the rewards of some of the pain from this year ie plant upgrades shutdowns ect. Excited about copper update

Talking today with a relative just back from working in Zimbabwe, says there's a very relaxed atmosphere around business community as a whole and indigenisation programmes aren't causing the problems you might think they would. In his view the big danger would be if power is passed to grace Mugabe before his own demise. Other candidates could move further towards reforms were the west to relax sanctions as a face saving exercise. Were succession not to be secured before mugabes end I imagine it could be quite messy with the military playing a large roll in the backing of a successor. Tracy agree on nickel, moving towards a deficit is the first step, then increased demand would help keep on top of supply long enough to give mwana a big head start

China and Russia very vocal lately about moving away from dollar based financial systems and certainly away from buying us debt. India recently said they would join the shanghai free trade agreements also which would give china and Russia a trade area of four billion plus!!! America/the west would lose a lot of pull unless they are very smart over the next ten years or so (I'm betting they won't be) gold long term has a bright future IMHO

Volume no existent

While ore exports from the Philippines to China rose 24 percent to 31.2 million tons in the first 10 months, some of that came from stockpiles, Citigroup analysts wrote in a Dec. 1 report. Volumes probably won’t expand much in 2015 even with more mining, they said. Ore from the Philippines typically has less nickel content than from Indonesia, which was the world’s largest mined producer before the ban. The global market will swing to a deficit of 62,400 tons in 2015 from a 25,100-ton surplus in 2014, according to Citigroup, which expects prices to average $21,625 next year and $25,250 in 2016. Goldman Sachs Group Inc. has a 2015 forecast of $17,500, rising to $20,000 in 2016, and Morgan Stanley listed nickel this month as its top metals pick for 2015. The forecasts for supply shortages contrast with gains in global inventories. Those tracked by the LME surged to a record this year, expanding 55 percent to 406,722 tons by Dec. 18. Economic growth in China, the biggest buyer of ore from Southeast Asia and the largest nickel user, is slowing to the weakest since 1990.

Evidently lol

True. Nothing volume today also

Anyone still here??

Hammered further. Surely oversold??

Hammered down

Spill

Shutdown. Produces 28 thousand tons a year shut due to acid apill

Strengthening

Nickel rose, snapping five sessions of losses, after gains for lending fueled speculation that demand will prove resilient in China, the world’s top metals user. Aggregate financing last month expanded to the highest since June, the nation’s central bank said today. The LMEX Index of the six main metals traded in London declined 4.4 percent this year though yesterday amid concern that slowing growth in China would cut demand. “If Chinese data starts looking at seemingly bottoming as opposed to more downside worries, it boosts sentiment for nickel,” Mike Dragosits, a senior commodity strategist at TD Securities in Toronto, said in a telephone interview. Nickel for delivery in three months added 2.2 percent to $16,636 a metric ton at 5:33 p.m. on the London Metal Exchange. Prices fell 4.9 percent in the previous five sessions.

Nickel, the best-performing base metal this year, may extend its rally into 2015 as China’s output of nickel pig iron will drop amid dwindling stockpiles of higher-quality raw material, according to CLSA Ltd. China’s production of NPI, a lower-grade alternative to the refined metal, may fall to 300,000 metric tons in 2015 from 410,000 tons in 2014 and 485,000 tons in 2013, said Ian Roper, Singapore-based commodity strategist at CLSA. The country’s inventory of Indonesian laterite ore is now down about 61 percent from a peak in January, he estimates. The refined metal, used in making stainless steel, surged to $21,625 a ton in May on the London Metal Exchange after Indonesia started an ore-export ban in January and then slipped into a bear market in September as the Philippines filled the supply gap. Prices are still up 18 percent this year, the most among the main six base metals on the LME. China is the largest producer and user of nickel. “Nickel should be back up above $17,600 by the middle of next year because the Indonesian ore in China will all have been consumed by the second quarter,” Roper said in a Dec. 9 interview. “It’s justified for it to go back to $17,600 to incentivize nickel pig iron running purely with Filipino ore, because that involves a 30 percent higher processing cost.” The Philippines replaced Indonesia as the biggest nickel-ore supplier to China. Imports of the raw material by China dropped 25 percent to 42.4 million tons in the first 10 months of the year from a year ago, with Philippine ore accounting for 74 percent of the total, customs data show. Indonesian Ore Chinese stockpiles of Indonesian laterite ore are around 7 million tons after peaking at 18 million tons in January, Roper said. Inventory is being consumed at a rate of about 1 million tons a month, he said. Indonesia’s Constitutional Court last week upheld the export ban on raw material ores. Indonesia, the top nickel-ore miner, usually provides higher grades of ore with a nickel content averaging about 1.6 percent, compared with Philippine material, according to the International Nickel Study Group. China’s NPI inventory fell to 200,000 tons from around 650,000 tons in April, Goldman Sachs Group Inc. said Nov. 19. About 20 percent of Chinese NPI producers lose money at $15,000 a ton for refined metal, the bank estimates. Higher NPI prices are necessary to entice Chinese producers forced to use lower grade ore from the Philippines, CLSA’s Roper said. The spot price for Chinese NPI climbed 15 percent to 1,090 yuan ($177) per nickel unit as of Dec. 9 from this year’s low of $950 on Oct. 28, Metal Bulletin data show. Taiyuan Iron & Steel Group Co., China’s largest stainless steel producer, said it would pay 26 percent more for the product in December.

What's changed?? Nothing really. Mwa still has great potential, in a years time they could be in a very strong position. Should be steady news flow next year too

Nope not today. Set it again for tommoro lol

Save something like a million a month in trucking costs too I think........ Limit buy set today about to check and see if it triggered

No stamp duty on aim shares

Broker forecasts. It's a hold but with a huge % mark up on the target price lol