Tsingshan has secured enough physical Nornickel and stated reserved nickel, and the margin call is now guaranteed by JP Morgan and CCB. The delivery date can be extended until the price is down. Tsingshan will incur a loss but not a big one this time.
p.s. rumour said Nornickel is not allowed in LME, but this is just a rumour. Nornickel is still acceptable in LME for delivery.
Ann: Ceasing to be a substantial holder, page-57
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Last
96.5¢ |
Change
0.005(0.52%) |
Mkt cap ! $4.139B | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | 97.5¢ | 95.5¢ | $3.906M | 4.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 108724 | 96.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.0¢ | 61075 | 7 |
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| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| NIC (ASX) Chart |