Nickel stocks tanked for a variety of reasons including oversupply, weakened demand for batteries and an expected massive supply in Indonesia.
Magnis failure was the lifting and spending of $370 mil from shareholders using fantasy budgets. Never having had any production or sales, failing to inform the market and having to explain where the money went might cause a bit of court action IMO
Nickel stocks tanked for a variety of reasons including...
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Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.37M | |||
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| MNS (ASX) Chart |
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