A recent article has suggested that shorts have decreased there position in GIGA metals, which would indicate that they see a reversal in the Nickel market and especially with this stock? This is my main holding with H+L but would really love to see this on FREETRADE as I really believe this has massive potential in coming years.
Please please please add this
Here’s the latest link regarding shorts decreasing / https://lampnews.com/2019/10/29/trending-stock-news/could-giga-metals-corp-common-shares-otcmktshnckf-go-down-after-its-newest-short-interest-report/
Ticker (GIGA) on the TSX
Giga metals is among the world’s largest resources of the Class 1 NICKEL & COBALT needed to power the electric vehicle revolution
Giga Metals Corporation aims to be a premier supplier of the battery metals that will be needed as the world progresses to a future powered by clean energy. We are currently focused on two of the key metals used in the batteries of electric vehicles: Nickel and Cobalt.
Our Turnagain Project is among the largest undeveloped nickel-cobalt sulphide deposits in the world in terms of total contained nickel. The NI 43-101 compliant resource contains 5.2 billion pounds of nickel and 312 million pounds of cobalt in the measured and indicated categories, plus a further 5.5 billion pounds of nickel and 327 million pounds of cobalt in the inferred resource category.
The growth in electric vehicles and energy storage is accelerating and, as a result, we intend to fast track the development of the Turnagain Project. Our goal is to supply battery manufacturers with the high-quality nickel and cobalt feedstock that they require.
We are also actively seeking other battery metals projects. There will be a shortage in these types of metals over the next decade as the clean energy revolution takes place.
Nickel is surging after Indonesia said it will ban exports of the metal from January. Nickel prices surged to a five-year high on Monday after Indonesia said it would ban exports of nickel ore from January 1, 2020. Indonesia’s move comes two years earlier than expected, as Jakarta aims to build up local resources.