Its irony really that Good News become Bad News. When Unemployment decreases meant a Strong Economy but Markets are weary of the FED increasing interest rates 75 basis points again. Its nice that Coal is going down and NPI might just recover as well. From last announcement "Whilst the Company’s RKEF operations have benefited from a decrease in cash costs per tonne of nickel produced from the June quarter, as well as seen increased production from the continued ramp-up of the ANI RKEF lines post the commissioning of the ANI power plant, these factors have not been sufficient to offset the falling NPI price." This means Cash cost per tonne will even reduce this Quarter with hoping improving NPI Prices. Put it this way, This would make Sept Quarter the Lowest EBITDA ever and there should be big improvement this Dec Quarter with ONI going Online. P.s Can you send latest NPI pricing. Thanks CCD
NIC Price at posting:
79.0¢ Sentiment: Buy Disclosure: Held
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