VH, Market hopes the company will not cancel the dividend by taking a risk hoping the Nickel price increase in the next 6 months; May be reducing dividend is OK, based on the current Nickel environment.
Based on the 2 year forward expectations, Nickel, Zinc, Chrome and palladium are front-runners for price acceleratio due to supply vs demand ratio.
Also, IMO if the Nickel price increases then the company hope to bring more production from the "potential" new mines "quickly" based on their exploration success and get more value for shareholders. GLTA.
MCR Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held