Anybody got this on their watchlist? Not much in terms of Vol of late, but have noticed large single buys. 11:31 today, somebody purchased 1mill, 11th May, total Vol was about 800,000 and 700,000 of that was a single purchase and same with the day before. Anybody got any news re BFS?
SHN - Sherlock Bay Nickel Corporation
- Thread starter johnno261
- Start date
- Joined
- 21 April 2005
- Posts
- 3,922
- Reactions
- 5
Re: SHN Sherlock Bay Nickel
Yeh, I agree.
No production, no income!
Checkout the other nickel miners.
Yeh, I agree.
No production, no income!
Checkout the other nickel miners.
- Joined
- 5 August 2004
- Posts
- 1,996
- Reactions
- 0
Re: SHN Sherlock Bay Nickel
Yeah, very dismal stock. Bought into this one in late Nov 2004 @ 20.5 cents, watched it drop to 15.5 cents and sold out. Lucky I did, since that time it has dropped to as low as 8ish cents. Maybe it is a better buy @ its current price, but still very little going on with this one.
Yeah, very dismal stock. Bought into this one in late Nov 2004 @ 20.5 cents, watched it drop to 15.5 cents and sold out. Lucky I did, since that time it has dropped to as low as 8ish cents. Maybe it is a better buy @ its current price, but still very little going on with this one.
Re: SHN Sherlock Bay Nickel
I don't hold SHN, but looking seriously on Purchasing some at these low levels. The BSF that came out, I think Sept 04 basically gave it the big go ahead and it also increased it's mine life from 4 to 5 years to in excess of more than a decade with not a high grade of Nickel but alot of it and at cheap extraction costs with this Bioheap Leach treatment system's of Titans. Does anybody know why SHBNC is in the process of another BFS?
I don't understand why it has fallen from the mid 20 cents in October to it's now 8-9 cent mark? The body of the Nickel ore was not washed away!!! I think too that FXR is nearby with their project, so this Geographic area appears to be providing sufficient minerals.
krisbarry said:
I don't hold SHN, but looking seriously on Purchasing some at these low levels. The BSF that came out, I think Sept 04 basically gave it the big go ahead and it also increased it's mine life from 4 to 5 years to in excess of more than a decade with not a high grade of Nickel but alot of it and at cheap extraction costs with this Bioheap Leach treatment system's of Titans. Does anybody know why SHBNC is in the process of another BFS?
I don't understand why it has fallen from the mid 20 cents in October to it's now 8-9 cent mark? The body of the Nickel ore was not washed away!!! I think too that FXR is nearby with their project, so this Geographic area appears to be providing sufficient minerals.
Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
- Posts
- 9,624
- Reactions
- 6,424
Re: SHN Sherlock Bay Nickel
There are a lot of risks for mine start up and investors have got gloomy.
Could be a buy near this price.
There are a lot of risks for mine start up and investors have got gloomy.
Could be a buy near this price.
Re: SHN Sherlock Bay Nickel
Agree with the no production, no income!! There will come a point in which SHN will be producing and recieving a cash flow, so now would be the time to setup poss. a good profit!! As for checking out other nickel producers, I got into Mincor back in Feb @ 59cents and once people realize the cashflow in which MCR is recieving, they too will be on it. The P/E is fantastic!! Heard also a poss. buy back or higher dividends for the shareholders as they are swimming in money!!
Snake Pliskin said:
Agree with the no production, no income!! There will come a point in which SHN will be producing and recieving a cash flow, so now would be the time to setup poss. a good profit!! As for checking out other nickel producers, I got into Mincor back in Feb @ 59cents and once people realize the cashflow in which MCR is recieving, they too will be on it. The P/E is fantastic!! Heard also a poss. buy back or higher dividends for the shareholders as they are swimming in money!!
- Joined
- 21 April 2005
- Posts
- 3,922
- Reactions
- 5
Re: SHN Sherlock Bay Nickel
Posted by Johnno
I would look into why there was a fall in the past. History may repeat itself. You never know what might happen and when production starts it could take off. Try to find out as much as possible. But remember, production alone may not be enough to fire this stock up. I may be wrong, but an 08 cent stock in my book is RISKY regardless of the commodity.
Good luck.
Let us know what you do with it. I'll watch it as a matter of interest.
This is not advice!
Posted by Johnno
I would look into why there was a fall in the past. History may repeat itself. You never know what might happen and when production starts it could take off. Try to find out as much as possible. But remember, production alone may not be enough to fire this stock up. I may be wrong, but an 08 cent stock in my book is RISKY regardless of the commodity.
Good luck.
Let us know what you do with it. I'll watch it as a matter of interest.
This is not advice!
Re: SHN Sherlock Bay Nickel
Tina thanks for your thoughts. Have tried to ascertain reason for fall but no real reason as with alot of stocks of recent. I have found out from a very reliable source that production kicks in later this year. The other consideration is that regardless of China cooling off with regards to the iron ore situation, if every Nickel producer was to cease producing Nickel, the worlds Nickel supply would last for a month!!! Yeah A month. I think Nickel prices are currently around $16K-$17K U.S. per tonne and these prices are expected for atleast 3 to 4 years.
Snake Pliskin said:
Tina thanks for your thoughts. Have tried to ascertain reason for fall but no real reason as with alot of stocks of recent. I have found out from a very reliable source that production kicks in later this year. The other consideration is that regardless of China cooling off with regards to the iron ore situation, if every Nickel producer was to cease producing Nickel, the worlds Nickel supply would last for a month!!! Yeah A month. I think Nickel prices are currently around $16K-$17K U.S. per tonne and these prices are expected for atleast 3 to 4 years.
- Joined
- 21 April 2005
- Posts
- 3,922
- Reactions
- 5
Re: SHN Sherlock Bay Nickel
Is there any reason for it dropping 5.81%? Other than the scared sentiment?
Is there any reason for it dropping 5.81%? Other than the scared sentiment?
Re: SHN Sherlock Bay Nickel
Poss. the reason for yesterday small drop was the gap between BUY and SELLS. The other reason i could ascertain was the last sentence of the mineralisation upgrade which in my mind indicated possibly, that maybe things are slightly behind schedule a little, and maybe those whom purchased up around the high teens early twenties, not long ago have lost patience with this stock, as we all do sometimes!!
Poss. the reason for yesterday small drop was the gap between BUY and SELLS. The other reason i could ascertain was the last sentence of the mineralisation upgrade which in my mind indicated possibly, that maybe things are slightly behind schedule a little, and maybe those whom purchased up around the high teens early twenties, not long ago have lost patience with this stock, as we all do sometimes!!
- Joined
- 6 November 2005
- Posts
- 915
- Reactions
- 0
Re: SHN ..... Sherlock Bay Nickel
Hi folks,
SHN ..... time cycle analysis showing likely positive
move, this week .....
25-27012006 ..... significant and positive news????
happy days
yogi
Hi folks,
SHN ..... time cycle analysis showing likely positive
move, this week .....
25-27012006 ..... significant and positive news????
happy days
yogi
- Joined
- 6 November 2005
- Posts
- 915
- Reactions
- 0
Hi folks,
SHN ..... just have a look at them lining up
for this one, before it resumes trading .....
...... back online now and up 60%, today !~!
happy days
yogi
- Joined
- 22 June 2005
- Posts
- 277
- Reactions
- 2
You must be happy John, look at the run it has had since your last post, does anyone else hold this one and can offer an opinion?
michael_selway
Coal & Phosphate, thats it!
- Joined
- 20 October 2005
- Posts
- 2,397
- Reactions
- 2
domf said:
hey does anyoen know what happedn to thsi stock SHN? is it listed anymore?
thx
MS