NP now even better at $8.63 uslb
NP is at a 7 month high now.
NICKEL Price
19,012.50
-28.50
-0.15%
02:28:20 PM MI Indication
EL, I was talking of the NP compared to when PAN shuttered and TH'ed.
Its now higher than then.
IGO must surely be eyeing a bid rather than losing its $45M cash in PAN paper scrip and that $40M cash at bank & LARGE MILL 1.5MTpa are tempting too plus way cheaper than their 2019 bid at 47c for PAN. Plus they can merge the trafigura debt with its Nova offtake deal with them easy.
IGO has ~$800M cash at bank and growing and its debt is now under ~$300M
Whats $160M cash for such major assets?
With that $40M cash at bank PAN can wait for 4 years before selling and by then the NP may rocket back to 10.00-15.00 and it could restart profitable operations but the admin wont do it.
Victor jumped ship too early imho.
IGO is the best option imho but bully BHP is one also, forget dunce AF for now.
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NP now even better at $8.63 uslb NP is at a 7 month high now....
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