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.
Quotes from the above article:- "ore prices have risen about 8%...
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Last
84.0¢ |
Change
-0.005(0.59%) |
Mkt cap ! $3.600B | |||
| Open | High | Low | Value | Volume |
| 87.5¢ | 87.5¢ | 83.3¢ | $6.444M | 7.593M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 86368 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 60220 | 4 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
84.3¢ |
Change
-0.005 ( 0.11 %) |
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| Open | High | Low | Volume | ||
| 87.3¢ | 87.5¢ | 83.3¢ | 2086097 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| NIC (ASX) Chart |