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93.0¢ nickel industries limited

Ann: Successful completion of Institutional Placement, page-20

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ccdavid

2,469 Posts.

296

20/01/23

09:43

Post #: 65787854
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Originally posted by chrisman: ↑

They are raising to buy new assets, not to top up working capital. There will be another much larger raise in 12-18 months if they exercise the option to build DAWN. But this the type of CR that we want.

I guess the only alternative to raising capital is to wait for the RKEFs to pay down their debt and then retain earnings over perhaps a 3-5 year period before expanding into HPAL, but by then NIC would have missed out on these opportunities.

NIC seems to have convinced Tsingahan that NIC can be the vehicle/platform for their ambitions to feed nickel into lithium battery precursor production, and I am thrilled we can ride the coat tails.

Regarding the disproportionate approach, I can only see merit in your complaint if they scale you back, so perhaps wait and see how that plays out. Further, you have had plenty of opportunity to top over the last 6 months on market at a deep discount to the CR price.

Just my thoughts, all the best.

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Agree. Hengaya mine is staggering 3.7 million tons of contained Nickel
You don’t want to just give that away for a cheap price. You want to process that
yourself. Thats where the Money is IMO with Margins more than double that of Matte
or NPI. NIC owns 80% of the mine and it is the closest to the Industrial Park.

NIC Price at posting: $1.05 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 93.0¢		Change -0.005(0.53%)		Mkt cap ! $3.985B

Open	High	Low	Value	Volume
95.0¢	95.5¢	91.5¢	$5.914M	6.362M

Buyers (Bids)

No.	Vol.	Price($)
1	14850	93.0¢

Sellers (Offers)

Price($)	Vol.	No.
93.5¢	125968	6

View Market Depth

No.	Vol.	Price($)
2	1871	0.975
1	2995	0.940
1	29600	0.930
2	45869	0.925
2	45782	0.920

Price($)	Vol.	No.
0.895	5500	1
0.920	11000	2
0.930	17091	2
0.935	75869	3
0.940	85782	4

Last trade - 16.10pm 06/06/2024 (20 minute delay)


Last 93.0¢			Change -0.005 ( 0.57 %)
Open	High		Low	Volume
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