The market is ALREADY and CURRENTLY factoring in Tsingshang to sell its shares in $NIC given the share price decline.
- Tsingshang (annual revenue of $56bill) With their consequence of their short position, these big shots have the ability to influence the overall nickel market and will do so in a favourable outcome that suits them - they have not sold a single share in their other equities. Surely, if they needed the funds, one of their equity positions would have been sold. -”Tsingshan has provided assurances it will not be selling any shares in NIC, it will continue to purchase all NPI produced by NIC at market prices and, as outlined in the terms for NIC’s acquisition of 70% of the Oracle Nickel Project, it will accept NIC shares as part consideration” - Director putting his money where his mouth is by buying $400K at $1.33c, speaks volumes IMHO. If Tsingshan had the slightest intent to sell, the director would buy more?
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