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7.61%

85.0¢ nickel industries limited

Thanks for the information. Do you have some number comparison...

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Fangk

2,496 Posts.

283

06/12/23

11:35

Post #: 71299089
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Originally posted by human909: ↑

Most of us are well aware of the falling NPI prices and the effect on NIC's share price. I figure I post this decent summary and also try to consolidate the recent discussion into one thread on the topic.

I've been meaning to crunch the numbers and try to work out the impact on NIC's margins. I figure they have tighten significantly, but the current prices aren't an existential risk. At the current share price you are buying assets at values significantly below the book value. The remaining question is are those assets white elephants that were over built in the Indonesia Nickel rush?

I expect/hope that this isn't the case. But without in-depth analysis into future supply and demand I cannot say definitively. Expect high cost producers to shutter production if the prices stay depress, expect low returns for low cost producers like NIC in the short term. Demand and supply will balance out eventually.

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Thanks for the information. Do you have some number comparison to show NIC is of "lower costs" producer?

NIC Price at posting: 69.3¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 85.0¢		Change -0.070(7.61%)		Mkt cap ! $3.728B

Open	High	Low	Value	Volume
88.5¢	89.5¢	84.0¢	$17.00M	19.68M

Buyers (Bids)

No.	Vol.	Price($)
1	15000	95.0¢

Sellers (Offers)

Price($)	Vol.	No.
78.5¢	84707	3

View Market Depth

No.	Vol.	Price($)
2	773063	0.935
1	6335	0.910
2	18332	0.905
6	584199	0.900
7	414048	0.895

Price($)	Vol.	No.
0.785	47051	2
0.805	156768	7
0.810	135103	6
0.825	61816	5
0.835	1112361	15

Last trade - 15.59pm 12/06/2024 (20 minute delay)


Last 85.0¢			Change -0.070 ( 7.69 %)
Open	High		Low	Volume
91.0¢	91.0¢		84.0¢	5252145
Last updated 15.59pm 12/06/2024 ?

NIC (ASX) Chart

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