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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (26689)	11/30/2006 4:20:59 PM
From: jackjc	Read Replies (1) \| Respond to of 78431

Hank, had a position and when I read the annual report and saw the way FCO was run, I bailed.

To: hank2010 who wrote (26689)	11/30/2006 4:48:12 PM
From: Herb Duncan	Read Replies (1) \| Respond to of 78431

Since there are not a lot of player this seems like a reasonable play. MINOR METALS-Cobalt prices at $30/lb, highest in 10 years Thu Nov 30, 2006 11:59am ET Market View OMG (OM Group Inc ) Last: $47.05 Change: +0.83 (+1.80%) Revenue (ttm): $1,276.9M EPS: 5.42 Market Cap: $1,357.45M Time: 4:02pm ET Stock Details Company Profile Analyst Research advertisement Company News: MINOR METALS-Cobalt prices at $30/lb, highest in 10 years UPDATE 1-Cobalt hits two-year high on Norilsk-OM Group deal More Company News... At the Helm: Joseph Scaminace Chairman of the Board, Chief Executive Officer Salary: USD 470,769 Bonus: USD 950,000 Age: 53 Joseph M. Scaminace, has been a director and Chief Executive Officer of OM Group since June 2005 and Chairman of the Board of Directors since August... Full Bio Full Management Team Insider Trading Email This Article \| Print This Article \| Reprints [-] Text [+] By Pratima Desai LONDON, Nov 30 (Reuters) - Cobalt prices hit their highest levels in more than 10 years this week as buyers flooded the market with orders after Norilsk Nickel's decision to sell most its output of the minor metal to a chemcials firm. Traders estimate the bid/offer for high grade cobalt cathodes <COB-CATH-LON> is $30/32 a pound, the highest since February 1996, compared with around $25 a pound last week. Norilsk (GMKN.RTS: Quote, Profile, Research) for years sold cobalt <COB-CATH-LON> to aerospace, chemical and engineering companies, but from 2007 the Russian company will supply New York-listed chemicals makers OM Group (OMG.N: Quote, Profile, Research) with nearly all of its cobalt output. Reuters Pictures Editors Choice: Best pictures from the last 24 hours. View Slideshow "Markets don't often move this fast, there's a lot of people looking for material" a UK-based trader said. "There was a lot of anxiety that the Russians weren't offering any material out on long term contracts ... Some people haven't been able to book any material for next year." Cobalt is used in the manufacture of aircraft engines. Traders say U.S. demand for cobalt has been high and likely to continue strong as the country's government recently passed a budget packed with long military programmes to restock and replace equipment used in Iraq.