With a election in Indonesian next week and some differences to the current Joko government I think they are pricing in this risk.
How genuinely relevant it is who knows? I have read a few articles with some saying some candidates favor USA of China.
I doubt they will unwind the whole thing even with the most pro USA candidate winning. I would expect just the nickel or at least some of it will go to the USA not China?
I think this stock is cheap. I am surprised to see it where it is I seriously thought close to $1 this week, well I am wrong.
But I will hold, value it is at this price. Too much upside potential. Even with peps like Twiggy calling our "splendid nickel" dirty.
Sentiment based on Indonesian political risk?
Add NIC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
82.0¢ |
Change
0.020(2.50%) |
Mkt cap ! $3.503B | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 82.0¢ | 77.5¢ | $5.647M | 7.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 196221 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 140925 | 43 |
View Market Depth
| Last trade - 14.07pm 04/07/2024 (20 minute delay) ? |
| NIC (ASX) Chart |