Hard to understand why the share price is not going
1. Consistent nickel production for the quarter 8,675 tones 2. Record annual nickel production 32,977 tones 3. Record annual cobalt production 2,350 tones 4. Cash on hand $247.1 million 5. LME stock reduced this from 161994 tons to 161664, which is a good sign of demand increase 6. Nickel stable at above US $ 8.5 /lb now at US$ 8.72/lb
In the end I would say it's a good because the profit has been continuously increasing and we might get dividend this year.
MRE Price at posting:
81.0¢ Sentiment: ST Buy Disclosure: Held
