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Gold/Mining/Energy : inco
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To: Kelvin D. Nakamichi who wrote (20)7/8/1998 5:30:00 PM
From: kingfisher  Read Replies (2) of 46
 
I would be patient on Inco.The Russian nickel giant Norisk announced last week that they are increasing production 9%.This is not good news for nickel prices.
Inco still has a lot problems to overcome.They paid Mike Sopko $1million bonus for driving the companies stock from $50 to $30.If he drives it down to $15 perhaps they will reward him with $2million.
As I have stated previously on this thread,the unions at Inco's Sudbury operations run the show.Only a takeover will clean out the incompetents at Inco.
Richard
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