Hi wasarunner, that is a difficult one, because I have a partner almost as heavily invested here as I am, they would sell a fair few shares post finance and pre production, we have a joint bank account! I am entering my fifth year invested here, for the last eighteen months my investment here has not given me a balanced portfolio, so I should probably rectify that. I think I will decide based on the outlook for the world economy, if we are in a little plateau of calm before trade wars kick off again then I think I would probably sell a third. To complete the family investing picture my son with age on his side would stay invested, as he has done with builders since the last recession, he has not regretted it.
I am sure some people will wander off bored if they are break even or in profit, some will sell if share rises, good luck to them.
Trump and China reaching an understanding that should last past Trump’s election, should mean a healthy nickel price when financing is being completed, so both possible endings should make investors happy.
Have just trawled through a conference paper written by John Stephan on An analysis of Nickel price variation and its impact on the global economy.
He studied the last $50k a tonne rise and the following fall which he considers was caused by the recession.
As far as I can understand the LME inventory stocks are key.
If stocks are low and world supplies are balanced then prices will rise.
If stocks are low and there is a shortage or perceived shortage that is when prices will shoot up as traders play the market and companies scramble for products.
Low LME stocks are predicted half way through next year and there seems to be a fair bit of demand coming with all the battery factories being constructed, so I think it could happen sooner than we think.
So yes it could happen, I would settle for $20k which seems unavoidable.
I let my double glazing money rest in here earlier this year, I could have left it in with a bit of juggling, glazing went in early September. I was going to leave it until the last possible moment, but I thought what difference would a week make. Would have doubled my money, still with the weather as it is I won’t complain too much.
PS Jeremy Martin said in an earlier interview this year, that it would be next year that mergers and acquisitions would take off. One way or another Orion are not going to let HZM fail and lose their $25 million.