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theflasherman

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Falconbridge, Union Agree to Contract

Sat 7:54pm ET - Reuters

Falconbridge Ltd. and striking workers at its Sudbury, Ontario mining operation said on Saturday they had reached a tentative agreement on a labor contract, paving the way for an end to a 20-day work stoppage at a site that supplies 5 percent of the world's nickel."

 

It says the union doesn't vote until tonight our time, but that that the leaders endorse the contract. I would expect a temporary pullback in the nickel price & share price of Nickel Producers. I will keep holding JBM,MRE,TTR,MCR & look to buy in at any weakness perhaps at 10-15% of current values.

 

Tom.

 

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IN REPLY TO A POST BY tom924, Sun 22/02/04 04:37pm   [READ POST]

Falconbridge, Union Agree to Contract
Sat 7:54pm ET - Reuters
Falconbridge Ltd. and striking workers at its Sudbury, Ontario mining operation said on Saturday they had reached a tentative agreement on a labor contract, paving the way for an end to a 20-day work stoppage at a site that supplies 5 percent of the world's nickel."

It says the union doesn't vote until tonight our time, but that that the leaders endorse the contract. I would expect a temporary pullback in the nickel price & share price of Nickel Producers. I will keep holding JBM,MRE,TTR,MCR & look to buy in at any weakness perhaps at 10-15% of current values.

Tom.

Gas cylinders to be made from stainless-steel soon.

 

Just when some people want to substitute away from stainless someone wants to substitute to it.

 

http://www.miningweekly.co.za/min/news/breaking/?show=47213

 

Regards,

Tom.

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Nickel down to US$14k (off US$1,100) a tonne in London trade after Sudbury workers agree to end strike at mid-day in London. It will be interesting to see if any strength or more weakness comes into the market for the rest of the day. There are still some very bullish commentators out there.
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IN REPLY TO A POST BY tom924, Mon 23/02/04 04:39pm   [READ POST]


Gas cylinders to be made from stainless-steel soon.

Just when some people want to substitute away from stainless someone wants to substitute to it.

http://www.miningweekly.co.za/min/news/breaking/?show=47213

Regards,
Tom.

Nickel to make a comeback soon enough. This phase is just a correction.

Demand is still there, and growing.

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IN REPLY TO A POST BY theflasherman, Mon 23/02/04 10:04pm   [READ POST]

Nickel down to US$14k (off US$1,100) a tonne in London trade after Sudbury workers agree to end strike at mid-day in London. It will be interesting to see if any strength or more weakness comes into the market for the rest of the day. There are still some very bullish commentators out there.

Nickel price seems pretty stable today, anway did some quick calculations going by charts & memory. If anything I believe they are conservative.

 

Average price of Nickel & Aussie Dollar between July 1 & December 31 2003

 

NICKEL $11,250 USD p/t Aussie dollar to USD .70

 

$11,250 divided by 70cents

 

=$16,071 Aussie dollars per tonne

 

Average price of Nickel & Aussie dollar between January 1 & February 24 2004

 

NICKEL $15,250 USD p/t Aussie dollat to USD .77

 

$15,250 divided by 77cents

 

= $19,805 Aussie Dollars per tonne

 

So roughly after nearly 2 months of 2004 we have a 23.23% higher Nickel price.

 

WORST CASE SCENARIO;If the average nickel price from TODAY until June 31 averaged $13,000 USD per tonne & the Aussie Dollar AVERAGED 85cents, Australian Nickel producers should still make more money this half, then last half.

 

Any thoughts? I'm staying on for the ride buying in the dips.

 

Regards,

 

Tom.

 

 

 

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Hi,

Just came upon this article in shaw online and thought someone out there may be interested.

 

 

Watch for the sun rising over Japan

25/02/04

 

If anyone had any doubts about whether world metal markets are experiencing one of their many false dawns, or whether they are at the start of a serious bull market ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ take a look at Tokyo.

 

Last week, in an event which caused barely a ripple of comment among market observers, a remarkable set of numbers emerged from Japan, a country which most people had forgotten as they stared with fascination at the boom in China.

 

For three years China has been the only game in town with its double-digit growth rates, massive building programs, the 2008 Olympics, entry into the World Trade Organisation, and an economy behaving like a vacuum cleaner sucking in commodities from around the world.

 

Meanwhile, in a group of small islands across the Yellow Sea, the world's third biggest economy performed a remarkable disappearing act.

 

Remarkable because it is truly difficult to make a business the size of Japan Inc, with just a cool US$4.4 trillion in gross domestic product and many times the size of China, fade from the headlines, and appear to be evaporating into nothing.

 

What a surprise then to see Japan emerge with a December quarter GDP growth number of 1.7%, or an annualised 7%. This is not just growth. This is a boom.

 

 

We are yet, of course, to see whether that annualised 7% can really be extended over a full 12 months. The smart money says not likely, but even growth in the order of 3-4% for Japan is spectacular stuff when it is remembered that this is an economy which has done nothing except shrink for the past 10 years.

 

The real issue, and the one which gets Dryblower a little excited, is to start thinking about what happens when you layer Japan growing at 4% on top of China growing at 8%, on top of the US growing at 5% - heady stuff, because for the first time in decades we have the world's leading economies expanding in a synchronised way. The only big trading block missing from the party is Europe, and there is every chance that it will get dragged along by the others.

 

With so much growth about, especially after years of gloom, it becomes obvious as to why the prices of copper, nickel, iron ore, coal and just about every other metal and mineral has been surging higher.

 

For the first time in many years, perhaps since as far back as the 1960s, the biggest question will not be of handling price falls, but how to cope with growth.

 

Dryblower has no desire to rain on anyone's parade but he has been around long enough to know that rapid growth can bring as many challenges as decline. Investing wisely is the first critical question because many newcomers to the world of growth will splash money about in the belief that growth goes on forever.

 

Another challenge will be avoiding a proliferation of get-rich-quick schemes. What the investment world has witnessed in booming property markets over the past few years ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ with a series of disasters now unfolding - will be repeated in the minerals world.

 

However, and this is the good news, those problems are in the future. Right now, there is a boom, and it is showing every sign of being as big as anybody alive today as ever seen.

 

And given a choice between boom and bust Dryblower will go for the boom every time ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ and then enjoy the bust as well as he waves an arthritic finger in the air and says "I told you so".

 

The day of finger waving is, however, a long way off. Until then, enjoy the good times as they gather pace ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ and Dryblower will keep his finger to himself.

 

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