More fun with figuresAs of the close November 18 the quarter to date average LME cash settlement price is $.64 per pound higher in the first 35 trading days of the fourth quarter than the first 35 trading days of the third quarter and the average LME three month settlement price for the same time frame is $.68 per pound higher.
The fourth quarter to date the average daily closing price of the common stock is just in excess of $.435 per share versus just under $.405 per share over the same period of the third quarter.
If nickel prices hold at current levels for the remainder of the quarter then you could add
about another $.20 per pound to these figures. And, the company is "expecting to reduce nickel inventories to typical levels by end of 2022".
But wait there's more! The receivables deal which kicks in January 1 of 2023.
I believe it was EarnienandBert who coined the phrase "Follow the bonds".
Do your own due diligence and draw your own conclusions.
GLTA