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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (13510)	5/9/2004 12:47:03 PM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 110194

i remember a couple months ago, in an interview with Barron's, Steven Leuthold said his fund had taken physical delivery of nickel and were hoarding it as speculation. why would this be better than buying the futures? can physical sell at a significant premium to the front month, enough to justify the carrying costs?

To: russwinter who wrote (13510)	5/17/2004 8:36:48 AM
From: Condor	Respond to of 110194

NP says Inco may provide dividend in Inco Ltd N Shares issued 185,322,236 May 14 close $40.31 Mon 17 May 2004 In the News The National Post reports in its Saturday, May 15, edition that China produces three million tonnes of stainless steel a year and estimates are this will reach 10 million tonnes by 2010. The Post's Diane Francis writes that not surprisingly, Inco's marketing efforts are directed at Asia and North America. "We concentrate on those two markets and not Europe where we think the Russians have better coverage," says chief executive officer Scott Hand. While the future looks rosy, mining and other resource companies are threatened by cyclical events and fluctuations. A combination of potential unforeseen circumstances, plus the costs of Inco's new investments, has resulted in the company's current, and sometimes criticized, policy of cessation of dividends to shareholders. "Assuming that nickel remains at $6.40 (U.S.) per pound, we will generate $1.3-billion (U.S.) in cash this year," says Mr. Hand. "We will have about $1-billion (U.S.) in cash at the end of the year. We want to make sure Voisey's Bay is going ahead in the right way and Goro too. We don't want any cost overrun or technical surprises. Dividends won't occur this year, but could next year if projects are going well." (c) Copyright 2004 Canjex Publishing Ltd. stockwatch.com