I agree Happy, could be a takeover plan once the ENC project is complete. I too am a LT Shareholder & was hoping for 3/4 bagger based on the company outlook at the time. Management have taken a slightly different path prioritizing growth at all costs (and have been extremely successful in this strategy), this has resulted in massive production growth while holding back SP appreciation due to share dilution & margin contraction. I do believe we are in for a run over the medium term due to nickel price appreciation.
1: More conversion of projects to nickel matte.
2: Tightening NPI discount to LME due to rebound of China stainless market (China are cutting IR)
3: News and possible execution of Indonesian nickel price index (like OPEC) which will allow the market to control pricing
In addition due to poor NPI pricing we may see some already struggling NPI produces shutdown (e.g. Jiangsu Delong Nickel)
At a market cap of $2.66B, page-5
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Last
84.5¢ |
Change
0.010(1.20%) |
Mkt cap ! $3.621B | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.8¢ | 84.0¢ | $2.137M | 2.519M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38797 | 84.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 2049 | 2 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| NIC (ASX) Chart |