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28/01/21
14:00
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Originally posted by Dragonling:
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Hmm... So there's some good and some not so good parts of this report, but at least there's nothing ugly: The not so good parts: - Higher cash costs - Lower grades at flying fox - Lower total nickel mined The good news: - Next quarter they will be targeting higher grade areas of flying fox - Nickel spot price looks good - Continued development at cosmos If you believe in the company management then todays share price drop is a good "buy the dip" moment, but I think I might wait to see the production cost start to drop before I buy any more shares. Thoughts?
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Hmmmm. I thought the Co. said the last qtr was an aberration, but it now seems to be a bad HY and a guidance review underway. They really need to get the mine grades up as they state, however I am now getting edgy rather than being comfortable with holding. At least the key development activities seem to be OK. FT