This pmetal I scalp couple times already. I do not think now is not the time to go long term. The long term is at 9 months. Medium 3 months. Short term is 1 month.
Continue strength MYR and aluminum below 1500, like double poison pills to Pmetal. Short term, would not even want to go in given the narrow profit margin of Pmetal. Looks like global aluminum stocks pile still abundant for near term. Rely on USD strengthen, or Dr M vs Najib catalyst to weaken MYR.
Do not know 1200 is the lowest aluminium price or not. Not yet have lowest record like crude oil. Crude oil can achieve the new low. Why not aluminium? 1440 is not the lowest. It will break 1440 to new low. Below 1440 is critical level. Problem is how many months it will stay below 1440? This pmetal cash flow ok or not for few months below 1440?
All the pots in phase 1, phase 2 and phase 3 are needed to be fed daily. Feeding them needs extra money to buy alumina while the sales order is critical.
Bad thing is they registeed with LME. Everyday production volume must be reported to LME and LME counted the aluminium price with their volume everyday. Register with lme is good that the price is regulated and guranteed they have an order. Do u understand malaysia joining opec? Now iran is in most happiest moment because crude oil price is at 40 and do not cease operation while opec members all cease operation.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ruby828
1,000 posts
Posted by ruby828 > 2016-03-23 17:23 | Report Abuse
really?....din get to buy jusnow....