We would love to hear your thoughts about our site and services, please take our survey here.
To be clear, there is no ban on selling from existing stock at the LME and CME but these stocks will not now be replenished.
The UK and US have announced that all new Nickel, Aluminium and Copper produced by Russia will no longer be traded a the world's largest metal exchanges - The London Metal Exchange and the Chicago Metal Exchange.
....,every little helps.
I reckon Tuesday 30th January for next RNS. Just a guess.
Anyone else want a guess? No prize for guessing correctly other than the satisfaction of knowing you were right.
I'm thinking of buying more....after all...news is imminent......
Likewise, not sold any and added some to average down. Today a good indication of what will happen to sp once full fundingis secured.
He's right. The way this has taken off today we will definitely be at £1.........in 2025.
Who says 'in due course' means 21 days?
Patience!
I would not be surprised if we don't get an RNS this side of Christmas. I'd rather see an update on the whole situation and funding than being drip fed.
Even if the reports are finished they will be part of the negotiations with the cornerstones and the banks so I wouldn't expect them to be published before funding secured.
It looks like we are far enough away from the potential flash point between Venezuela and Guyana which looks to be escalating. Brazil backs Guyana whose military has just gone on high alert.
I agree Hawaii. The changes at the top were necessary and are part of the overall package to take this project forward. The cornerstones are looking at the future nickel price not the current one.
Doesn't take many buys to move this up.
Good post earlier Tony, and echoes my own view on the situation, particularly re the refractory bricks. This is not new technology and that aspect should have been easy to cost. This project is almost 70% complete and it is in no-ones interest to let it fail. It's the rainy season there now so work would have slowed anyway.
I agree Strow. We are pinning our hopes on our 3 cornerstone investors and hoping they take the long-term view and stay loyal to the project and not do what the other cornerstone investors, the PIs, have done and panicked and jumped ship at the first opportunity. I'm here for the long term.
27th now looking more likely.
Morning Tricky
I am not suggesting that the current use in the conflicts will have the slightest impact on the availability of nickel in the near term. Few expected Ukraine to be able to resist Russia and thought it would be all over by now. Most of what was being supplied to Ukraine was former Soviet era equipment that has been lying around in former Soviet countries. It is only recently that they have started to get better equipment but even then, although superior to what they have been using, it's still equipment that was planned to be replaced. One thing is clear however is the amount of ammunition needed to sustain a conflict. Russia had massive stockpiles but is now having to import millions of shell from North Korea. It will probably take years before this feeds through to increase demand, but is an additional factor on top of the demands of other industries.
I've mentioned it previously. There is nickel in almost every bullet, shell, bomb, missile, and mortar, as well as the armour plating on vehicles, tanks, ships and planes. We see huge amounts being expended in Ukraine and now in Gaza. The nickel in the shells etc can hardly be recycled after it explodes so has to come from somewhere. Although there will be a lag while the armaments industry gears up to replenish and renew this is a demand for nickel that does not seem to have been factored into any analyst's thinking as yet, at least none that I have seen.
Yes, and a relatively early boomer.
Thanks, but I don't need your advice. I have played the markets probably longer than you have been alive.
My thinking is also for the 27th although in my case it doesn't matter as I maxed out our remaining ISA allowances when it went to 18p.