These were Treadgolds views not mine.
So ignore him too then on here. Your choice.
Chart reversed again despite NP higher, another trend NIC has ignored, the higher the NP the lower the NIC SP last 6 months, i wonder why?
Oh yes your main shareholder Xiang is SHORTING the NP and reducing NIC revenue & margins thereby while boosting his margins & revenues from Chinese refiners/manufacturers from dirt cheap NIC offtake he gets while Indo & OZ get low tax and wages, so Xiang makes a fortune.
Im glad Xiang is SHORTING as his prior loss of $10B in March is going to be repeated & Tsingshan is figthing for its survivial as Treadgold mentioned in his article & this will affect NIC and its SP no doubt.
Ask yourselves, why would Xiang deliberately short & reduce NIC revenues & margins?!
Treadgold is calling out Xiang.
Meanwhile NIC chart dropping away to anual lows yet again. Wonder why.
NIC - Chart Thread, page-271
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Last
84.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.600B | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 85.5¢ | 83.0¢ | $4.452M | 5.282M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 107126 | 83.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 304897 | 7 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| NIC (ASX) Chart |