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NIC - Nickel Mines

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Nickel Mines is an Australian company that currently holds an 80% interest in the Hengjaya nickel mine located in Morowali Regency, Central Sulawesi, Indonesia, which mines nickel laterite ore. The northern-most boundary of the Hengjaya Mine is only 12 kilometres south of the Indonesia Morowali Industrial Park (IMIP), which is controlled by the Tsingshan Group.

The Company intends to expand its operations from exclusively being a nickel ore miner at the Hengjaya Mine to having the capability to process and produce nickel pig iron.

The Company entered into a Collaboration and Subscription Agreement dated 19 September 2017 (as amended by supplemental letter agreements dated 16 April 2018 and 2 July 2018) (CSA) with Shanghai Decent Investment (Group) Co., Ltd., a Tsingshan Group company and another cornerstone investor, Shanghai Wanlu Investment Co., Ltd.

The CSA sets out (among other things) the terms on which a 2-line Rotary Kiln Electric Furnace plant within the IMIP will be funded and constructed (RKEF Project).

Nickel Mines currently owns 25% of the RKEF Project.

It is anticipated that NIC will list on the ASX during Ausgust 2018.

https://www.nickelmines.com.au
 
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NIC looks to be challenging ATH of $0.465. Nice BO on Friday after Thursday 7.5% rise.

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Nice chart pick there @Trav. It's now a few weeks later and price has gone BOOM.
Gold and nickel seem to be hot right now.
The arrow shows the bullish weekly bar that I liked and used to start a trade in the ASX40 pos portfolio.

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August Tipping Comp

NIC burst through $0.50 earlier this month and reached $0.58 on the 22/7. Since then they have tested new support and looks to gathering a bit of momentum to tackle $0.60. NIC will be in new terrain once it breaks $0.585 and I will be interested to see how high it can go.
 
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NIC is having a go at breaking 60c today. Good volume already..

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holding
 
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After a nice trade back in September, I am back in for another run with NIC.

2 x positions entered this month @ $0.55 and $0.59.

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Couple of good days this week and a nice finish resulted in NIC falling short of my tartget area, so I will continue to hold.

No news so far this month so happy with the SP at the moment. 16 bars since initial buy which is something that I am monitoring ( hold time ) as backtesting average is 19 bars and I would like to improve on this.


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Just killing some time and a nice abcd pattern of NIC as well. This is something else that I am looking at in my trading system. Keeping the old grey matter active !!

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Any current thoughts on this one?
Solid general trend over the last year or so.
Another missed boat?
Seems nickel is the new trender with E. Musk requesting it.
 
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Any current thoughts on this one?
Solid general trend over the last year or so.
Another missed boat?
Seems nickel is the new trender with E. Musk requesting it.

I have been in and out of this a couple of times - I don't really like buying in here.
PAN is an interesting one though, I think that has quite a lot of room to go.
 
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Started speculative position in NIC because it's a current Ni producer not a wannabe producer. I also believe in the narrative that companies need more nickel. Nickel, like lithium remains a longer term buy the dip opportunity on every dip.
 
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No, we don't want to see NIC back at 0.95 just so you can buy it cheaper. Buy high, sell higher. ;)
 
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