Australia's largest stock trading and investment forum Australia's #1 stock forum

Speculative Stock Portfolio, page-208

First 208 Last

Share
Profile

Follow
mrgann200

1,672 Posts.

60

20/09/19

15:09

Post #: 40498187
Share

Originally posted by Larry_Funda: ↑

While Nickel price has been going up recently, my Nickel-Cobalt play CLQ has gone nowhere. It's too much in the spec end of the market to reflect the commodity prices I guess.

In the meantime the bigger Ni mining companies have rallied strongly such as WSA, IGO and MCR. I've been waiting for a while for any slow down in the price surge to join one of the major Ni players and MCR was chosen as the price eased back and some shares were bought for this portfolio.

I think from a long term view, the Ni price may be establishing an up trend that is coming up from a base:
Also MCR has been one of my proffered Ni plays on the ASX having met up with the management many years ago. They have a good establishment in the Kambalda region of Western Australia.

One thing that I was attracted to from the conversation was, when the MD at the time explained how MCR is able to turn mines off easily during Ni price weakness and be able to quickly return them to mining during favourable Ni price environments. This is quite different to a lot of the mining companies where they are unable to or reluctant to shut down mines during commodity downturns. And continue to produce the commodity which cannot even be sold for the cost incurred to dig it up, a recipe for losing money !

Open Portfolio:

Expand

try
NIC
cheapest producer going around
1 Upvote

0 Great analysis

Reply