Ben Richards, from Seneca Financial Solutions, discussed the nickel industry, pointing out that large-scale projects in good jurisdictions are attractive to takeover candidates; Liontown (LTR) is a recent example. Also discussed was Mincor Resources (MCR) catching the attention of Andrew Forrest’s private company Wyloo Metals in the nickel space, which Ben expects to get hot.
Ben recommends keeping an eye on Galileo (GAL), Panoramic Resources (PAN), and Centaurus stocks (CTM). He states while Galileo has an impressive resource, Panoramic Resources provides another exposure to nickel, and Centaurus could face challenges being located in Brazil instead of a more stable jurisdiction like Western Australia. Ben also notes Chalice (CHN) has upgraded its mineral resource estimate, which could mean a future capital raise.
Watch the interview: Ausbiz – The nickel rush: top takeover candidates and hot stocks