RE: chirm21 Apr 2016 17:03
yes - recently bought too. The 10% dividend was tempting, as it seemed baked into the companys outlook on how to do business, although that is now 'up for discussion'.
I bought for the following reasons:
- Commands a significant portion of the world share of Pt & Pd. I think this could be a huge plus if there is more unrest in SA, which it seems is always possible, if not probable.
- Company is strategically important to Russia which makes me think that the mines could never be 'let fail'. That is not to say the keys wont be handed over to some other pet oligarch
- In a last man standing nickel price war - Norilsk will be last man, as its nickel production costs are literally below zero (the mine by product more than pays the bill)
Im in with a small position that im hoping to keep (rather than trade) as a long term position in my pension portfolio. what are your thoughts?