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April 11, 2006
Love from the City of Bones, Tuesday, April 11, 2006, 3:50 PM
Do you remember a year ago when I wrote up a Russian base metal mining stock that I flat out said you should own? Well, I flat out forgot to include it in my three base metal miners this morning, and on a day that may be a triple-digit Dow loss day, this one just happened to be up today by +6.1 pct.
The name is Norilsk. I apologize for omitting NILSY from my article. You could have had a spectacular day.
Well, it was not so much an oversight because I know Norilsk is on the Cara 100 list. But I also knew this morning when I looked at my base metals monitor that I needed to get comparative trading and financial data, and NILSY still trades Over-The-Counter in the U.S.. The research I can link for you is contained to North American listed companies.
So I passed right over NILSY. :-(
Anyway, here is the chart of NILSY trading for most of the past year. The pricing data starts May 18, 2005 at $54.05. This afternoon, NILSY is trading at $113.75.
But you knew that a year ago because I told you:
"Why I am writing about it today is because Norilsk (NILSY) is a Russian company with global ambitions. It trades at a 50 percent discount to comparable mining companies in Western Europe and North America, and, because of bullish demand from China (and elsewhere) for Russia's metals, is going to trade higher. "
Posted by Posted by Bill Cara on April 11, 2006 03:50:38 PM | Category: 15 Materials , Russia