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Nickel Mines

 

Buy Nickel Mines shares

NICKEL MINES (NIC) Shares

ABOUT NICKEL MINES

Nickel Mines Limited is a public company in Australia focused on acquiring, exploring and developing of nickel products.

The company’ headquarters are in Sydney, NSW Australia, and through its subsidiary PT Hengjaya Mineralindo, it owns the Hengjaya Mineralindo Nickel Mine (HM Mine) in the Morowali Regency of the east coast province of Central Sulawesi, Indonesia.

The HM Mine covers approximately 6200 hectares and nickel laterite ore is mined there.

The northern boundary of the Hengjaya Mine is just south of the Indonesia Morowali Industrial Park (IMIP), which is controlled by the Tsingshan group (Tsingshan).

OVERVIEW OF NICKEL MINES

  • Nickel Mines Limited is focused on producing nickel pig iron (NPI) and has emerged as a globally significant, low cost producer of the product, which is a key ingredient in the production of stainless steel.
  • The company operated a small-scale operation and was licensed and permitted to achieve “clean and clear” status for the direct exporting of its nickel ore prior to the implementation of the Indonesian Government’s ban on the exportation of unprocessed minerals in 2014.
  • Shortly after mining operations were suspended and the company was forced to pursue ore sales to domestic producers and explore in-country beneficiation options.
  • China’s largest stainless steel producer set about building what is now its world class IMIP in Indonesia, creating a growing requirement for nickel as feedstock which resulted in Nickel Mines restarting operations in 2015 and signing an offtake agreement with Tsingshan for the supply of high grade saprolite ore. The company was welcomed to the Official List of the ASX in 2018.

VISION & VALUES OF NICKEL MINES

  • Nickel Mines Limited is committed to maintaining the highest standards of corporate governance and vows to adhere to a set of core values and behaviours that underpin the group’s activities. It should ensure transparency, fair dealing and protection of the interests of all stakeholders.
  • A relevant Code of Conduct has been established by the board of the company and applies to all personnel.
  • The company is further committed to complying with all applicable laws and regulations and to delivering strong returns and shareholder value while also promoting shareholder and general market confidence in the company.
  • The company is always committed to acting ethically and responsibly in its dealings with third parties. Its Code of Conduct is designed and spells out all practices which are necessary to maintain confidence in the company’s integrity.
  • Nickel Mines Limited follows this value chain to ensure needs of customers and shareholders who purchase shares with the company are met.

MARKET PERFORMANCE OF NICKEL MINES

  • Nickel Mines Limited’s shares trade on the Australian Securities Exchange (ASX) under the stock symbol NIC, listed in the Materials sector.
  • Highlights of the company’s performance, as per its 2019 annual report include operating profit after income tax of US Dollar 71,826,428 in comparison with 2018’s reported loss of US Dollar 2,926,833. Its income statement indicates revenue of US Dollar 64.94 million, net income of US Dollar 65.53 million and profit margin of 100.91%.
  • Its balance sheet showed total assets of US Dollar 531.93 million, total liabilities of US Dollar 77.17 million and debt to assets of 0.79%.
  • Due to Nickel Mines Limited’s continued good performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy NICKEL MINES stocks / shares – A Step by Step Guide how to Buy / Purchase NICKEL MINES Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy NICKEL MINES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN NICKEL MINES STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE NICKEL MINES STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of NICKEL MINES stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy NICKEL MINES stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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