Albion Resources Ltd Stock Forum

Hello mooers! Welcome to our new column that focus on the metals & mining industry.
Spot Price Snapshot
Key Price Moves
Gold: the prices of $Gold Futures(AUG4)(GCmain.US)$ exceeded $2,200 per ounce for the first time in history on last Thursday, following the announcement from the US Federal Reserve that it intends to implement three rate cuts in 2024, despite concerns about rising inflation. Whil...

Was thinking today that $Albion Resources Ltd(ALB.AU)$ may be the new $BHP Group Ltd(BHP.AU)$ . What broke iron ore out of yearly privately negotiated mating season was BHP willingness to move to quarterly contracts around 2011. Fastmarkets hydroxide index has had slow start in part because ALB has dragged feet on participating, but they should have started with less special, more commoditized carbonate.
ALB marketing Wodgina spod is quite something considering their strategy largely to only se...

Hearing rumor $Albion Resources Ltd(ALB.AU)$ is opening up 100mt of carbonate for bidding…
Unlike spodumene auctions this would directly counter what has become the leading market indicator GFEX futures for battery grade carbonate.
Seems $Pilbara Minerals Ltd(PLS.AU)$ & ALB are conducting these small volume auctions for ‘price discovery’ to create a new data point of their creation to be referenced for their upcoming deliveries into long-term contracts.

$Overstock.com(OSTK.US)$ Added back in for $47k after selling yesterday in the $34’s. No brainer for LT investors. Parked $123k into TWLO today. Unloaded 1/2 $Sonos(SONO.US)$today. Sold 1/4 $Target(TGT.US)$
today from $153. Sold all $Booking Holdings(BKNG.US)$
from $1908 and sold all my $Albion Resources Ltd(ALB.AU)$ from the $190’s. TWLO/OSTK is an absolute steal at current prices.