Commodities are cyclical, they all move in boom, bust cycles.
The lithium & nickel price will recover one day. The fact that mines are closing is a good thing (not for shareholders in those companies) but for the market in general. It reduces the supply of lithium & nickel in the market. Less product & a pick up in demand one day will mean the price for both commodities should recover in time.
When?
How long is a piece of string?
WIN is sitting on valuable assets, so that's a bonus.
Ann: Widgie Nickel Quarterly Activities Report & Appendix 5B, page-19
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.48M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.5¢ | $10.28K | 287.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 559890 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 20644 | 1 |
View Market Depth
| Last trade - 15.58pm 07/06/2024 (20 minute delay) ? |
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Last
3.6¢ |
Change
0.000 ( 2.70 %) |
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| Open | High | Low | Volume | ||
| 3.6¢ | 3.6¢ | 3.5¢ | 196178 | ||
| Last updated 15.58pm 07/06/2024 ? | |||||
| WIN (ASX) Chart |