Oh no let’s not start another round of hearsay like on the thread that has devolved in to ‘my average’ holdings. ( not aimed at JD at all ).
There is a very good reason why hearsay is inadmissable as evidence in a court of law- because it’s not worth the paper it’s printed on.
A bit like when directors in a company are ‘committed’ to it because they hold shares they never paid for. I’d like to see a board that has put their own money where their mouth is because money talks & something else walks in the business world.
The above graph helps us understand how it would be challenging for any producer with a projected cost above $5 a pound to procure finance. It also helps us understand why a $0 on the table offtake would be accepted by a company projected to produce at a price higher than $5.
One might wonder if there are any Aussie juniors with projected costs below $5 a pound.
Comparative value. If we are impartial to a company then that is all we would go off.
To do otherwise would show that we are not being impartial, for whatever reason.
( unless it was one’s favourite sports team, but this is the metals sector- not the local footy comp ).
There is a glimmer of hope for almost all non Phillipines producers/hopefuls ( even those slated to produce at a cost higher than $5 ), though- their hip shot happy President has spoken of shutting down the whole industry there & they produce most of the world’s nickel.
Until that happens though it will be a game of under $5 a pound vs. over $5 a pound when it comes to any significant financing package being offered to a company.
Look at these things like your job is on the line because that’s how a financial officer ( or whatever cool sounding title they have ), of a lender will have to do. They have to play it safe.
To our ‘what does the Ni price have to do with what happens 2 years down the track?’ friend- any finance that comes as a straight loan will be much the same as a mortgage- it will be repaid over many years & so the lender or even partner will have to consider that very carefully.
- Forums
- ASX - By Stock
- AUZ
- Nickel news
Nickel news, page-51
-
-
- There are more pages in this discussion • 2,110 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
-0.001(5.26%) |
Mkt cap ! $12.58M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.9¢ | $16.19K | 1.620M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 2868655 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 4365180 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 2868655 | 0.009 |
24 | 8109857 | 0.008 |
36 | 6590698 | 0.007 |
18 | 6175551 | 0.006 |
9 | 5550000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 4365180 | 22 |
0.011 | 10006410 | 23 |
0.012 | 6197798 | 12 |
0.013 | 2310000 | 6 |
0.014 | 2964523 | 9 |
Last trade - 11.25am 22/07/2024 (20 minute delay) ? |
Featured News
AUZ (ASX) Chart |