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98.5¢ nickel industries limited

The timing is also to ensure they don’t miss out. It wont be...

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chrisman

954 Posts.

180

06/01/24

07:35

Post #: 71752618
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Originally posted by Branks737 ↑

The logic of NIC expanding is to diversify their product to different markets notwithstanding there are bigger margins in class 1 nickel, which makes perfect sense and is good business.

With rapid building of hpal plants in the last few years, I recon NIC just got their foot in the door in the nick of time. Trying to get financial backing to build a hpal plant now and in the near future will be extremely hard and I recon NIC thought they needed to get into the market whilst they can.

Yes the market is significantly oversupplied for now, but are you sure it will be oversupplied in over 2 years time when ENC starts operating? If you can see that happening then you my friend are Nostradamus.

Also lets be honest here, even with current nickel prices, NIC is still profitable and viable. There would be many other nickel plays out there that would be in alot of trouble at current nickel prices so lets not kid ourselves here and talk nonsense that NIC is at dire straits.

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The timing is also to ensure they don’t miss out. It wont be long before the Indonesian government ceases to approve new HPAL projects.

NIC Price at posting: 66.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

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(20min delay)
Last 98.5¢		Change 0.035(3.68%)		Mkt cap ! $4.221B

Open	High	Low	Value	Volume
97.0¢	99.0¢	96.3¢	$10.05M	10.27M

Buyers (Bids)

No.	Vol.	Price($)
1	20305	98.5¢

Sellers (Offers)

Price($)	Vol.	No.
99.0¢	380485	14

View Market Depth

No.	Vol.	Price($)
1	20305	0.985
6	96712	0.980
5	118471	0.975
7	78550	0.970
2	37794	0.965

Price($)	Vol.	No.
0.990	360485	13
0.995	307923	14
1.000	960746	37
1.005	26692	1
1.010	289925	6

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last 98.3¢			Change 0.035 ( 4.39 %)
Open	High		Low	Volume
96.5¢	99.0¢		96.5¢	2873252
Last updated 15.59pm 06/05/2024 ?

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