NIC 1.34% 92.3¢ nickel industries limited

Ann: Share Placement and Collaboration Agreement, ENC Expansion, page-19

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  1. 1,869 Posts.
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    This company would give any CFO a heart attack. I don't know how Chris Shepherd is keeping it together.

    NIC is taking on a huge amount of capital risk here. It all boils down to their NPI margins. This needs to fund the recently refinanced debt load plus the ~$600M in new debt that will need to be issued for DAWN/ENC.

    JW/CS must be confident that margins are going to recover with the additional tonnes coming from the RKEF lines.
 
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