I don't know if many institutional investors are interested in nickel at the moment, when nickel prices are in the bin and will probably rest so in coming months.
Todays partial comment from 'Trading Economics':
"Still, the overall trend for the commodity remained bearish due to a continued growth in LME inventories since September and robust supply from world's leading exporters, Indonesia, Philippines and China. According to the forecast by the International Nickel Study Group, the metal's supply surpassed demand by 223,000 metric tons in 2023, and the gap is expected to widen to 239,000 metric tons in 2024."
I was glad to give away my WIN position with heavy losses in yesterday's opening session. It protected me from a further 13 % day loss.
I have been heavily invested in Australian small caps over the last few years, i.e. Lithium, Rare earth, diverse Metals and Mining shares and for the most part I still am, unfortunately .
I have not always realized the many book winnings and I'm sitting on many book losses today. I'm probably not alone in this.
I'm an overseas investor and kept loyalty to the Reed family with NMT for years before WIN was split from this. I can well remember 2022 when NMT reached almost 2 $, see where they are now. So I decided to get rid off the worst positions, one of them being WIN now and NMT last year.
Please don't get me wrong, I wish all remaining shareholders good luck with their holdings in 2024.
I still hold a lot of junk on ASX, see above . So why am I writing all this? I do not post too often on HC, last post 2 and a half months ago,
Maybe this will help me a little to get rid off some of my frustation with ASX in 2023.
So, greetings from Germany and keep your ears stiff, even if the wind blows too much.
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- Ann: Widgie Nickel Quarterly Activities Report & Appendix 5B
Ann: Widgie Nickel Quarterly Activities Report & Appendix 5B, page-11
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