Sorry to tell you the bad news,
2 dead in Indo Ni riots & army deployed yesterday.
just the start of my long predicted unravelling of the Indo Ni saviour fable.
Some say these sino tax schemes, low offtake price fixes, slave labour wages & conditions, chinese communist management, poisonous dumping in local jungles & rivers, dirty carbon emitting hpal plants, lack of local community support, the list just goes on & on... will affect Indo Ni production long term.
The western NGOs HRW & CIA are all over it no doubt.
Tsingshan your major holder here has been shorting the LME NP for a decade thereby reducing NIC revenue & margins deliberately. Why?
Soon this could affect NIC from 2 sides, local operation, local workforce & targetted counter discrimination, nationalisations, otherwise riots & strikes.
We saw this in new caledonia, aceh & sulawesi already.
Disruption in Indo will cause a NP spike & ni production slashed, which is very bad for Tsingshan.
Will this affect NIC now, soon or this year?
NIC - General discussion, page-247
-
- There are more pages in this discussion • 800 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NIC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
92.5¢ |
Change
-0.040(4.15%) |
Mkt cap ! $3.968B | |||
| Open | High | Low | Value | Volume |
| 95.5¢ | 96.3¢ | 92.0¢ | $3.866M | 4.143M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 349599 | 92.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 28167 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| NIC (ASX) Chart |