Update on the company available...

Update on the company available here:

https://youtu.be/I1VfVARl0QI?si=_ETJsTLvHIiOIL9Z

Still a solid company but in my mind probably best to wait for some sort of floor establishes with nickel prices before topping up, that's my guess at the safest way to achieve a good price for the stock. In theory at least we should expect the wet season in the Phillipines to provide some support as ore is harder to source.

There are two other developments worth monitoring in this space. The first is that the discussions on the moratorium on more nickel smelters may come to a head. If this happens then locking in the smelters now (read accepting the ENC proposal) could prove wise as the potential blocking of new developments down the track is very real: https://indonesiabusinesspost.com/insider/ministry-of-energy-and-mineral-resources-esdm-plants-to-limit-construction-of-nickel-smelters-amidst-supply-demand-concerns/

In contrast however is the demand picture itself. I've never been a huge proponent of this perceived mega nickel bull market precisely because of the NPI to matte conversion technology that has been made available is able to bring in a much larger supply to meet EV needs. In addition you don't have the guarantee that future batteries will necessarily be nickel based. Nickel industries is likely to survive all this anyway, but its not a no brainer like many nickel bulls will have you believe. Nickel prices will inevitably recover, but I'm not convinced that its going to be this huge surge as some are expecting. I do believe however that NIC is a relatively safe stock to hold either way. https://www.eastasiaforum.org/2023/11/20/rethinking-indonesias-nickel-policies-to-power-economic-growth/