Quotes from the above article:
- "ore prices have risen about 8% this week, following a 10% surge a week earlier, local buyers say."
- "Philippines 1.3% grade ore landed at China's Lianyun port surged 20.6% in the past month, Mysteel data showed."
This company is a massive low-cost producer. Every thing is positive except for low nickel price. Now, the ore price has surged. The SP should have surged by a larger percentage as a 20% surge in sale price may imply a double in net profit. Maybe it just needs a bit longer time to do so. $1 next Friday would be 20% surge. Come on NIC.
Ann: Half Year Results Presentation, page-18
Add NIC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.08 |
Change
0.010(0.94%) |
Mkt cap ! $4.617B | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.08 | $1.06 | $2.930M | 2.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 165166 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 161862 | 18 |
View Market Depth
| Last trade - 11.40am 22/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.08 |
Change
0.010 ( 2.41 %) |
||||
| Open | High | Low | Volume | ||
| $1.07 | $1.08 | $1.07 | 733974 | ||
| Last updated 11.58am 22/05/2024 ? | |||||
| NIC (ASX) Chart |