WIN 8.00% 2.3¢ widgie nickel limited

I think in the current market conditions - I'm not going to...

  1. 619 Posts.
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    I think in the current market conditions - I'm not going to expect fireworks (even if we came across the biggest nickel deposit on planet Earth). I do watch Mincor closely, they are our neighbors (quite literally) and have less reserves at a lower grade than us.

    They're trading at an equivalent of $3.22 to our market cap today in these trying conditions, and have even been trading 71% higher (equivalent peak of $5.50 calculated into the MC of Widgie for comparison). They just started production, and looking at OPEX, aren't far from returning profits, then likely dividends.

    This is our neighbor, with a lower grade, and lower reserves. They're doing fantastic, and we'll do even better. Whilst it's still a little while out to be talking dividends - it's worth noting the tiny amount of shares on issue, cashflow positive situation of the company, and extensive reserves. Doing the math on general operating expenses and projecting a potential profit (based on peer comparisons), I come up with a dividend figure that is just absurd, and so much so that I wont show it. All I will say is that for it to be a realistic dividend, our share price will have to be absolute multiples of where it is now. I'm very excited.

    We'll be attracting attention very soon. Enjoy the ride!
 
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Last
2.3¢
Change
-0.002(8.00%)
Mkt cap ! $7.341M
Open High Low Value Volume
2.4¢ 2.5¢ 2.3¢ $4.92K 204.0K

Buyers (Bids)

No. Vol. Price($)
2 245316 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 21 1
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Last trade - 15.56pm 28/06/2024 (20 minute delay) ?
WIN (ASX) Chart
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