NIC - Chart Thread, page-214

closed at daily lows
bear chart rundown since 17 Jan highs, a series of lower highs and lower lows
just as I called it SPOT ON.

now closed under 88c, near ther annual lows of 85c which already hit the last 14 days already.
$2.5B MCap is a lot which can be swiped off.
Danger signs as NP goes up NIC SP goes DOWN, going the wrong way.

We know why too -
NIC largest holder Tsingshan has been found to be downprice fixing the LME NP by using BIG SHORTS
This was revealed in March when teh LME NP went into a short squeeze and Tsingshan got a margin call of $12B losses.

Ask yourselves this question?
WHY is the largest holder of this stock deliberately forcing the revenue and thereby the profit margins of NIC to be WAY WAY lower than it could be with a higher NP?
and WHY is Tsingshan the sole offtaker for NIC ore sending it to China for refining & WHY is it paying the LME spot price to NIC for this offtake concentrate when its known they have been paying WAY LOWER a spot price than they should be for this ore?

And WHY is NIOC SP going lower then.
If Tsingshans SHORTS cause them more massive losses what will be the consequence to NIC then in terms of financial support from a large holder & pressure on the price for its already dirt cheap offtake deals?
Think about it.