NIC has struggled since breaking over $1.50 in March, disappointingly last month’s 2nd quarter update showed increasing production costs offsetting the good news from rising prices and output. The stocks undoubtedly out of favour with investors but we feel excellent underlying value will be on offer if we dip down towards the 90c area, a 40% correction in just a few months – one for the Hit List.
MM is considering NIC ~90c
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