Agree, Robco. I've held for over a year, didn't get in as early as you but it is most the compelling share I own long term.
Sure the sentiment is 'nervous' but the fundamentals haven't changed - testament to cap raises being over subbed.
Biggest risk I see for the stock is demand side not being there. No doubt resource is Tier 1 and a profitable mine is probable. However, niobium use is limited to niche markets imo. Of course demand may in increase due to geotechnical political uncertainty or commercial introduction of novel battery tech, but these haven't eventuated as yet. My view is it is a good long term hold with odds heavily stacked in our favour.
General discussion, page-10719
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Last
$16.45 |
Change
0.760(4.84%) |
Mkt cap ! $1.067B | |||
| Open | High | Low | Value | Volume |
| $15.40 | $16.71 | $15.26 | $4.950M | 306.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $16.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.53 | 410 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |