Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hello James and crew, Firstly, can I please get MM's thoughts on Nickel Industries (NIC) and what appears to be great production figures released today and secondly, their equity raising, in particular the retail SPP. Thanks and happy new year to everyone. Regards Geoff
Hi Geoffrey,
We actually mentioned NIC in Fridays “What Matters Today” morning report, in line with our medium term bullish outlook for the Resources Sector we are interested in NIC but ideally a few % lower after is capital raise.
NB The longer the stock can hold above $1.02 (it was trading at $1.07 on Friday) the more we might raise this “buy level”.
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