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Thanks @DrBourse - I was unaware of this bit.
Thanks @DrBourse - I was unaware of this bit.Tycoon behind nickel’s big short has power to fuel more drama
Massive short positions held by Tsingshan have gone disastrously awry over the past few days.www.mining.com
Seems to me like NIC is in trouble. A majority holder wants low nickel prices and now is on a losing trade
Thanks @divs4ever for a prompt enlightenment. Good sharei expect more downturn in the short/mid term , primarily because it sells/nickel-iron products as decreed by Indonesia as the government decided the ore must be 'value added to' in Indonesia ( something Australia should have considered years back ) as the global economy slows
however in a slowing market this MIGHT give NIC time to grow sensibly , not push for a sequence of production records
i am willing to buy extra ( CAREFULLY ) as the share price slides lower
things to watch are who NIC is selling to and in which currency , Indonesia may move closer to the SCO ( kind of the minor league of BRICS )
NIC is building plant and infrastructure so is trying to grow organically , Aussie shareholders will have to navigate worries over FX
am not excepting this to be exciting ( in a good way ) in the next three years , but my Aussie nickel plays either turned into duds ( like PAN ) or were taken over
would the Government permit NIC to be taken-over by a foreigner , that would be the only major upset for me ( that i can foresee )
@DrBourse - another awesome analysis and thanks a lotHi Miner.....
Don’t know much about the Nickel Industry in general - Always tried to avoid it….
Pure Nickel Plays & Penny Dreads have always been at the top of my Hate List….
Both have a history of No Credible Financials, and both are usually Ramped to the Hilt….
The NIC Story so far:-
Just reading back on the posts here in the ASF “NIC – Nickel Industries” Forum, all I see are, what I call “Hope Posts”. …..Most of the posts show the SP as Flat or Dropping, & the Posts usually suggest HOPE for the future…. Sometimes there is a ST Uptrend, then the Analysts Hope Posts really Ramp Up….
At one stage it peaked at $1.79 on 8/3/22, and has been in freefall ever since…..
The Chart below shows that if NIC had been a goer from day 1 in July 2018, it should, today be about $1.50…. - but after its peak on 8/3/22 @ $1.79, punters realised there was too much Political & Foreign Interference, and substantial Shorting….
View attachment 162160
The Current Story:-
It’s the sort of stock that is easy to trade, but, ST ONLY…..
Current FA follows:-
NIC just sneaks into the OK Financials Group, But, it has always been Ramped to Death, in its past life as NML, and now in its current rebirth as NIC….
Unaudited & Conservatively Structured Balance Sheets are a worry….. Usually Rigged….
Balance Sheets are meant 2 B Precise & Exact, NOT Conservatively Structured….
Are NIC expecting +-ve or -ive "Significant Flexability" ??????????
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View attachment 162163
Current TA follows:-
View attachment 162162
Like any PD, NIC’s TA is not much use to anyone except the ST Trader ATM – the only ST TA +ives are that it’s continuing in the same predictable direction…..
So everyone will need to rely on Ramping & The Analyst & Broker issues of Sheep Bait….
The Devils Metal is now Closer to where it belongs IMO…. NIC’s Historical Low is $0.21c…..
As everyone knows we should only deal in Facts, Not too many Facts on NIC ATM, so I'm very cautious....
Cheers...
DrB.
I am hoping @DrBourse will send some help to youNickel Industries just sold 20% of their company to United Tractors @ $1.10 . They are currently trading @ $0.77 . Does anyone think that this could be a buy opportunity? Logic tells me that the share price should get close to the issue price but inexperience tells to seek opinion.
well i have an order for a different stock but if that bid looks unlikely i would be looking for extra NIC near 75 centsNickel Industries just sold 20% of their company to United Tractors @ $1.10 . They are currently trading @ $0.77 . Does anyone think that this could be a buy opportunity? Logic tells me that the share price should get close to the issue price but inexperience tells to seek opinion.
Miner & Colm Doc.I am hoping @DrBourse will send some help to youColm Doc
Thanks, I also hold NIC . I bought @ $1.07 . Should I buy @ $0.77 to mitigate my loss or wait until the price increases and bail. Any advice is welcomewell i have an order for a different stock but if that bid looks unlikely i would be looking for extra NIC near 75 cents
NIC doesn't give franking credits and operates overseas ( Indonesia )
your logic is correct , but the market is reacting differently ( on the ASX ) maybe the fear is a China war escalation and Australian shareholder will get stranded by sanctions
PS NIC has some recent setbacks
i hold NIC
Dear @Colm DocThanks, I also hold NIC . I bought @ $1.07 . Should I buy @ $0.77 to mitigate my loss or wait until the price increases and bail. Any advice is welcome
i bought at 90 cents , 87 cents and 85 cents ( all this year ) now some consider me an idiot , or worse but i am seeking international exposure outside of the US and EU , i strongly refer India , but Indonesia is acceptable as wellThanks, I also hold NIC . I bought @ $1.07 . Should I buy @ $0.77 to mitigate my loss or wait until the price increases and bail. Any advice is welcome
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yes , damn inconvenient , i was hoping to add more today ( a few today , or a handful tomorrow as more cash was being transferred into that account )Found this analysis on Bell Potter website. Very bullish on NIC.
Nickel Industries (NIC)
NIC’s operations are located in Indonesia and are long-life, bottom of-the cost-curve projects. It is in the middle of aggressive production
growth, lifting attributable RKEF production from 56kt in CY22 to +100kt CY23 and 112kt CY24 from with a further 40kt to come from HPAL
operations.
NIC is diversifying across a range of nickel products to capture margins across the stainless steel, lithium-ion battery and nickel ore markets. While nickel prices are under pressure from the current supply response, NIC has shown the ability to make money through the price cycle
which is a key attribute of attractive long-life assets. We forecast strong EBITDA growth driven by production and margin expansion.
Sustainable dividends also support the current valuation.
Buy, Target Price $1.80
Bell Potter's top stock picks for 2024
Bell Potter's top analysts share their best ASX ideas for 2024 and beyond.www.livewiremarkets.com
similar pickup : AFRIt sounds like the Master is doing over the host, as well as Australia, situation normal.
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