Totally agree. Nickel price has been strong even with inventory drawdown.
The bear case is China's efforts to clamp down on the excesses of steel production will hit nickel demand.
The bullcase is nickel is a commodity for the future, which will see continued growth in coming years/decades with companies like NIC in a great position to capitalise.
While the iron ore price has pulled back pretty significantly, I can't see it going too much further down in this inflationary environment. China also has a history of schizoid reactions to stimulus/steel sector, so if it cools too much (affecting the broader economy), authorities will throw spending at it. Is there some point where they can't build anymore? You'd think so, but that's another topic.
NIC remains my largest shareholding and will be holding on to Angel production comes through at this stage. dyor.
- Forums
- ASX - By Stock
- NIC
- When will we see some 2's...........
When will we see some 2's..........., page-3
-
- There are more pages in this discussion • 62 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NIC (ASX) to my watchlist
(20min delay)
|
|||||
Last
82.5¢ |
Change
-0.005(0.60%) |
Mkt cap ! $3.535B |
Open | High | Low | Value | Volume |
82.5¢ | 83.5¢ | 81.5¢ | $4.298M | 5.203M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 62606 | 82.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.0¢ | 2218 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 53607 | 0.825 |
8 | 197200 | 0.820 |
5 | 254884 | 0.815 |
5 | 104659 | 0.810 |
3 | 41709 | 0.805 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 2218 | 2 |
0.835 | 200877 | 8 |
0.840 | 132940 | 4 |
0.845 | 17668 | 2 |
0.850 | 28678 | 4 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
Featured News
NIC (ASX) Chart |