My guess is that, on top of Indonesia, Twiggy Forrest has made competitive pricing even harder for NiWest.
MC seeks security of long-term supply plus low cost.
As a result of the combined adverse impacts from Indonesia and Twiggy, NiWest cannot meet these expectations.
What better arrangement for MC than owning presumably 25% of KNPL to offset high Ni prices with the great dividend income from KNPL?
No matter how high Ni prices might go, the dividend will offset part of it. For 40+ years.
Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-165
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Last
41.0¢ |
Change
0.010(2.50%) |
Mkt cap ! $81.86M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 40.0¢ | $1.304K | 3.194K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 253196 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 27496 | 1 |
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| Last trade - 12.05pm 13/11/2024 (20 minute delay) ? |
| ARL (ASX) Chart |