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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (54848)10/26/2004 5:41:08 AM
From: Golconda  Read Replies (1) of 74559
 
European Nickel: Nickel price is strong, firm working on new low-cost extraction process, which if it is successful, could well see a bid from BHP Billiton.

- here's the risk; pile up nickel laterite ore & pour acid over it, is this going to be a successful method of extraction?

- Jay, is a nickel mine in Turkey exotic enough for you?

- BHP just exercized its option to acquire 3m shares @ a premium to the market

- currently a severe shortage of nickel globally as demand high & supply tight

- BHP has options over further 6m shares @ a price that would put an average value of 38p a share on the whole stake

- SPECULATIVE is a paragraph that springs to mind

reuters.co.uk
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