This Indonesian investor increasing their stake again, to 6.2%. A correction from my last post when they lodged their original Shareholder notice, PT Karunia Bara Perkasa is a subsidiary of Harum Energy (the listed indo coal miner) and HARUM largest shareholder, it is a holding company for the family investments. Just me speculating but could this be more than an "just a small value stake"? Coal is sunset industry in Indonesia, likely these guys have been buying Nickel Mines with USD conversion (indonesian families/investors like this haven't held alot of IDR since 1997, most cash kept in USD) which over the last 3-4 weeks would give them a top (worst) entry price of 31.5 cents AUD into Nickel Mines (based on 50 cents share price and the FX @ 63 per USD)........and likely the best price they paid is around 20 cents with the USD conversion at 57 cents/ Per AUD. (BEEN VERY VOLATILE AUDUSD LAST 4 WEEKS) Nickel Industry in Indonesia has significant capital and regulatory barriers to entry, that is a very cheap entry in the lowest cost nickel producer in Asia, already with excellent production and SIGNIFICANTLY DE-RISKED FROM A EXPLORATION/START UP SITUATION. Just me speculating but could these investors be making a play, low stock price (in USD terms with the AUD so weak). Price to earnings hard to value with conviction in these special times but even versus IGO & WSA, Nickel Mines trading at 40%-50% discount on a PE basis. Bid coming?????????? lots questions there.........just me talking here like to here some thoughts.......
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Last
96.5¢ |
Change
0.030(3.21%) |
Mkt cap ! $4.135B |
Open | High | Low | Value | Volume |
94.5¢ | 97.5¢ | 94.3¢ | $5.508M | 5.717M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 57361 | 96.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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96.5¢ | 163475 | 3 |
View Market Depth
No. | Vol. | Price($) |
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3 | 35784 | 0.960 |
8 | 216987 | 0.955 |
9 | 112168 | 0.950 |
3 | 55750 | 0.945 |
6 | 101080 | 0.940 |
Price($) | Vol. | No. |
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0.965 | 163475 | 3 |
0.970 | 234477 | 12 |
0.975 | 311671 | 13 |
0.980 | 87919 | 4 |
0.985 | 82821 | 6 |
Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
96.5¢ |
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Change
0.030 ( 3.43 %) |
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Open | High | Low | Volume | ||
94.5¢ | 97.5¢ | 94.5¢ | 2123112 | ||
Last updated 15.59pm 28/05/2024 ? |
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