Nickel price continues to free fall as Indonesia/ China flood the market with supply.
I was anticipating the increase output by Indonesia in response and to control the NC Nickel price breakout, exactly as Mark predicted with the OPEC style Nickel cartel ‘ONEC’
The Chinese/ Indo strategy here is clear keep Nickel price down and hold competition underwater long enough until they stop kicking.
This is where experienced management is vital to keep the company lights on in a dark macro environment. I think Aston management have what it takes to make this a mine if they get the opportunity.
ASO Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
