RE: geng chart3 Oct 2020 13:38
Brisk, don't know where you got your 101m shares from. It was around 500m at the time the price spiked.
Granted we have many more shares in issue now but the reserve has trebled and shall increase again when the 2018 results come out. Furthermore, we will be a lot further on towards production and will have a binding off taker so our nickel will be forward sold. We also have the NRR investment which is a substantial income stream on its own for any company, never mind one which is likely to have between 20-25 billion worth of inground nickel to monetise.
So to be clear, I can see the price going up past previous highs on sentiment alone, but if we ever take it to production then that is a whole different ball game.