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
56.0¢ |
Change
0.035(6.67%) |
Mkt cap ! $111.7M | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 56.0¢ | 53.0¢ | $123.4K | 224.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29835 | 54.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 15000 | 1 |
View Market Depth
| Last trade - 15.58pm 13/06/2024 (20 minute delay) ? |
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Last
56.0¢ |
Change
0.035 ( 7.69 %) |
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| Open | High | Low | Volume | ||
| 54.5¢ | 56.0¢ | 54.0¢ | 63829 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| ARL (ASX) Chart |