Re-posting from over the nickel section - some interesting...

Re-posting from over the nickel section - some interesting analysis here on Aneka Tambang (ATM.AX) and thought it might be worth sharing. The website's got some other interesting content as well.

https://www.pyramidsandpagodas.com/p/aneka-tambang-antmjk-indonesian-nickel

But specific to the company, the episode/post highlights that they are already one of the worlds largest producers of class 2 nickel, which mainly goes into stainless steel. But its long term value is based off JV plans with global players which will help the company establish class 1 production (for EV batteries) through high pressure acid leeching. There doesn't seem to be significant political interference in the company and management seems pretty professional. If anything, the company should benefit from state ownership by getting priority access to mining concessions and cutting red tape for project kick off. With all the current turbulence in nickel markets, the good thing about this company is that they derive most revenues from gold production (although most profit is already from nickel), shoring them up a bit against recession risk.

Quite an illiquid stock - any buyers, holders or observers here? There seems to be very limited user-generated threads/posts on this company.