NC1 will be fine. They have $7 million in the bank, they have the biggest undeveloped reserves in Australia and their HPAL recovery flowsheets show fantastic extraction.
What you are seeing is nervous investors just soling themselves and dumping stock. The guys who have backed it are never going to let it wither too much and there is always fresh buying after someone dumps. Plus the amount of actual dollars needed to get the share price going again doesn't need to be large.
When the nickel price starts sorting itself out this will recover pretty quickly.
Skin in the game, page-2
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $18.60M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 17.0¢ | $7.633K | 44.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 15.27pm 21/05/2024 (20 minute delay) ? |
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Last
17.5¢ |
Change
0.010 ( 9.38 %) |
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| Open | High | Low | Volume | ||
| 17.5¢ | 17.5¢ | 17.5¢ | 2000 | ||
| Last updated 10.11am 21/05/2024 ? | |||||
| NC1 (ASX) Chart |