RE:RE:PR newsthe positive noise will come soon when they sell the over 5,000 tonnes that was produced but not sold in q1. that is almost an entire quarter of production held back in inventory.
- Ramu Q1 2022 production of 8,756 tonnes of contained nickel in MHP.
- Ramu Q1 2022 nickel sales of 3,336 tonnes of contained nickel.
q2 is already over now. they should annouce a huge cash payment once that metal inventory is sold.
at a cash cost of only $1.48/lb nickel when nickel is $10/lb, they continue to generate huge positive cash, despite the bad timing of sales.
ICNick wrote: IMO, this does not make sense. The stock is undervalued. There is much more to gain for management (and shareholders), if they were to drive the price of the share up and or starting to pay dividends. There is a need for a more focused strategy that will satisfy all parties. Some positive noise is needed.