Very bad week for NIC. There is now a ton of supply coming online in the short term. The share price will be capped for a while.
Not sure about the Nickel Matte plans, it is currently selling for about the same price as NPI and they have to spend additional cash to make Nickel Matte. Why convert when they only get the same price, must assume the NPI price will go down sharply in the future and Nickel Matte will begin tracking upwards with Nickel Sulphate.
Macquarie report here with more information https://drive.google.com/file/d/1TRT_Ht3L86c435jIH0EHL3qb-oJb5vGw/view
Still bullish on Nickel in the medium term, but the next year or two might be tougher than expected.
Ann: Potential Diversification into the EV Battery Supply Chain, page-25
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Last
84.8¢ |
Change
-0.013(1.45%) |
Mkt cap ! $3.685B | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 86.0¢ | 84.0¢ | $933.8K | 1.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 180955 | 84.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 215207 | 26 |
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| Last trade - 10.30am 16/07/2024 (20 minute delay) ? |
| NIC (ASX) Chart |