This Indonesian investor increasing their stake again, to 6.2%. A correction from my last post when they lodged their original Shareholder notice, PT Karunia Bara Perkasa is a subsidiary of Harum Energy (the listed indo coal miner) and HARUM largest shareholder, it is a holding company for the family investments. Just me speculating but could this be more than an "just a small value stake"? Coal is sunset industry in Indonesia, likely these guys have been buying Nickel Mines with USD conversion (indonesian families/investors like this haven't held alot of IDR since 1997, most cash kept in USD) which over the last 3-4 weeks would give them a top (worst) entry price of 31.5 cents AUD into Nickel Mines (based on 50 cents share price and the FX @ 63 per USD)........and likely the best price they paid is around 20 cents with the USD conversion at 57 cents/ Per AUD. (BEEN VERY VOLATILE AUDUSD LAST 4 WEEKS) Nickel Industry in Indonesia has significant capital and regulatory barriers to entry, that is a very cheap entry in the lowest cost nickel producer in Asia, already with excellent production and SIGNIFICANTLY DE-RISKED FROM A EXPLORATION/START UP SITUATION. Just me speculating but could these investors be making a play, low stock price (in USD terms with the AUD so weak). Price to earnings hard to value with conviction in these special times but even versus IGO & WSA, Nickel Mines trading at 40%-50% discount on a PE basis. Bid coming?????????? lots questions there.........just me talking here like to here some thoughts.......
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Last
98.8¢ |
Change
0.008(0.77%) |
Mkt cap ! $4.232B |
Open | High | Low | Value | Volume |
97.5¢ | 99.5¢ | 97.5¢ | $799.6K | 812.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 354229 | 98.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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99.0¢ | 290703 | 33 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 354229 | 0.985 |
18 | 288933 | 0.980 |
19 | 300099 | 0.975 |
11 | 222921 | 0.970 |
11 | 651966 | 0.965 |
Price($) | Vol. | No. |
---|---|---|
0.990 | 311880 | 35 |
0.995 | 1001632 | 24 |
1.000 | 874525 | 32 |
1.005 | 314019 | 16 |
1.010 | 371355 | 16 |
Last trade - 11.09am 14/05/2024 (20 minute delay) ? |
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Last
98.8¢ |
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Change
0.008 ( 1.48 %) |
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Open | High | Low | Volume | ||
98.0¢ | 99.3¢ | 98.0¢ | 170666 | ||
Last updated 11.26am 14/05/2024 ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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