Once upon a time this co. was "under promise and over deliver" - but not anymore. Very disappointing quarter - although always thought they would fall behind on the full year nickel production guidance. Nova needs to get > 8000 tonne of nickel in final quarter just to get low point of production guidance.
They are spruiking that they can still get the low point of the full year nickel production guidance. Lets hope.
The presentations always have a positive feel, but the bottom line is that profit continues to elude (although they did fall across the line - just).
I sold a significant share of my holding recently - should have sold more.
And, at the back of my mind are the Mineral Resource and Ore Reserve estimates in 1st qtr 2019 - something to think about.
Ann: March 2018 Quarterly Activities Report, page-5
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