NC1 0.00% 14.5¢ nico resources limited

I am a little surprised to see a red day here as this isn't...

  1. 827 Posts.
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    I am a little surprised to see a red day here as this isn't a bad announcement having $9.2m in cash and the PFS looking to drop soon given the wording of "Pre-feasibility study awaiting final costing of renewable power options with expected completion December quarter."

    Drilling to be finished by the end of November and talks with offtake and finance partners seemingly underway. I see the talks as a very good sign and have no doubt that there would be parties interested in NC1 as companies are looking to secure future supply for themselves as we seen at QPM with GM. Interesting wording where they mention potential joint venture partners which could be very good for us in the long term, I'd imagine BHP being on that list after their offer to Oz minerals, and their CEO Mike Henry was recently in Perth so he may have stopped by the offices?

    Definitely keen to see what is said at the AGM and the PFS when it is dropped, hopefully we see bit of a sentiment turn around soon though as I am tired of seeing my holding in red lol

    ***Hold/Held as the app ins't allowing me to disclose my holding sentiment***
    Last edited by Ondie: 31/10/22
 
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