Is that all? Pfffft.
Only recently one of their clients sold 1.2m shares at $0.43 on 17/12/2025 just before we took off.
So can't place a lot of reliance on Macquarie's ability to analyse CTM and recommend to their clients what to do.
Meanwhile Argo has just raised its forecast from $0.85 to $1.15 even though they are still selling CTM like there's no tomorrow. Assumes Ni price of USD8.6/lb or USD17,764/t
Argonaut Equities Research | 2QFY26 Results - Nickel back in vogue
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