Thread: First Aluminium
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Old 12th March 2008, 01:14 PM
onlyonezee onlyonezee is offline
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Default First Aluminum

Well, I bought first aluminum last year and have been following it closely. Its last result showed very little profit but it was an improvement from a previous year's bad result however it was not enough to pay dividends. After a price drop to about N2, the price began rising steadily to its present price and it is still climbing. Now even though this rise pleases me, I am wise enough to know that there is no safety net ( the rise is not backed by fundamantals). I already plan to jump off this ship within a week or two and thank God for my 100%+ returns.

It remains your choice whether to invest in First alum or not but if I were you, I'd not risk it with borrowed funds. It is always better when you invest before the rallying begins, your time to recoup may be longer but your risk will be less and believe me the last person you wanna owe is a bank! All the best
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