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Investment Performance Case Study
NICO Resources Ltd
Welcome to the Investment Performance Case Study of NICO Resources Ltd, which follows our clients' journeys of investing in NICO Resources Ltd between 19th Jan, 2022 and 3rd Feb, 2022, during which the recorded share price produced a gain of 80%.
ASX:NC1
Introduction
NICO Resources is a spin-out of Metals X Limited, focusing on nickel and cobalt prospects, including the Central Musgrave Project.
The NICO Resources Ltd Investment Case
NICO Resources is an Australian resources company established around nickel assets previously held within the Metals X portfolio. The transaction created a separately listed vehicle through which investors could obtain direct exposure to the development potential of those assets.
The Transaction
Following its spin-out and initial public offering, NICO Resources commenced trading on the Australian Securities Exchange on 19 January 2022 at A$0.20 per share.
Investment Outcome
The study records an outcome value of A$0.36 by 3 February 2022. This represented an increase of approximately 80% against the A$0.20 entry price over the initial study period.
- Event: IPO / Corporate Spin-out
- Exchange: Australian Securities Exchange
- Study Period: 19 January 2022 – 3 February 2022
- Entry Price: A$0.20
- Outcome Price: A$0.36
Case Overview
| Company Name : | NICO Resources Ltd |
|---|---|
| Sector : | Mining |
| Event Type : | IPO / Spin-out |
| Buy Advice : | 2022-01-19 |
| Sell Advice : | 2022-02-03 |
| Buy Price : | 0.20 (AUD) |
| Sell Price : | 0.36 (AUD) |
| Profit(%) : | 80% |
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