OTIPS-Invest Australia Stock

HCY (Halcyon Group) will change name to Nickelore

14/09/2007

Halcyon Group announced that it is planning a change of name to Nickelore and a consolidation of capital on a 1:10 basis, reflecting the companys plans to move into nickel mining and processing. The capital restructure should allow the company to price future capital raisings at an appropriate pricing level as it seeks to finance the development of the Canegrass Mineral Rights acquisition.

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I hold HCY for it will change to a nicker producer.

27/09/2007 HCY closed at 0.03, is a solid support price!!!, a good buy price for trader.

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About Nickel price: we can find the current price from LME

http://www.lme.co.uk/nickel_graphs.asp

or Shanghai Nonferrous Metals Price Index

http://www.smm.com.cn/en/element_ni.php

24/09/2007: (SMM.com.cn)Strong rebound last week, price of LME nickel for three-month delivery rallied to over 33,000 usd per tonne when it broke 29,000 usd, rising by 15 percents a week. Though nickel stock kept increasing, the demand recovery of stainless steel gave confidence and drive to the market.

At Shanghai Market, Jinchuan Group Co., Ltd. raised their selling price by 6,000 yuan per tonne, and decreased their selling quantities. So nickel price reached 280,000 yuan after it broke 270,000 yuan per tonne. Tight supply will remain a constant rallying trend. It is predicted that the price will get to 290,000 yuan per tonne before holiday come.