The HNC project is looking the goods.
NIC issued around $A388M in stk for the 10% interest and we are attributing $A19M a qtr or $78M p.a. The payback could be achieved in under 5yrs.
I continue to believe there is a lot of latent value in NIC. I'm eagerly awaiting the 2H as JW's comments around NPI producers in Indonesia as well as outside participants leaving the mkt is also what I have heard. The NPI price has been volatile of late but that may all be coming to an end if production cuts hit the mkt. I dont think the small losses at HNI and RNI will be repeated given normal ops will resume in 2H, so its looking good even in this terrible pricing env.
Ann: Quarterly Activities Report, page-7
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Last
87.8¢ |
Change
-0.008(0.85%) |
Mkt cap ! $3.764B | |||
| Open | High | Low | Value | Volume |
| 87.5¢ | 88.8¢ | 86.5¢ | $2.240M | 2.553M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 499131 | 87.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 120463 | 23 |
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| Last trade - 15.07pm 13/11/2024 (20 minute delay) ? |
| NIC (ASX) Chart |