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0.4¢ poseidon nickel limited

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redbackrules

3,257 Posts.

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16/03/20

17:20

Post #: 43522060
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Originally posted by zebster ↑

T,
I hear you wrt to those possible explanations, based on the fundamentals, but I doubt any of those aspects are factoring much at all with POS atm. Basically, POS is a Ni spec stock and in times of heightened fear and panic, the market has zero appetite for optimistism (i.e. possible upward price re-rating wrt possible resource upgrades or project economics becoming technically viable). It all gets drowned out by the larger negative macro news flow. That's not to say that these things are not important; they are, but the market simply isn't interested while there's a strong negative global mood. The best we can hope for atm, imo, is that we're largely ignored by the market. The fact that we've got good cash reserves and we were already well off our highs is theoretically probably enough, but there's always the possibility that weak hands get nervous and the price drifts down further. On a thinly traded stock it doesn't take much at all to move the SP. For LT investors, it's of little consequence.

I guess I'm trying to convey that there's a time and a season for almost everything in financial markets. Positive drilling results under BS should help the LT economics, but I wouldn't expect any meaningful credit to be given by the market while the herd is stampeding in the opposite direction. Short of hitting some kind of gob-smacking mother lode that gets everyone's attention (eg: oh idk, say discovering a massive gold ore body while actually looking for Ni), the best we can hope for in the near term is to simply mark time SP-wise.

The big question is how long this bear will last. My take is certainly while infections continue to grow in Europe, with the next likely wave of worry likely to be wrt US infections, which appear to have been artificially under-reported because of inherent structural deficiencies. (I'll be disciplined and refrain from commenting about the utter lack of leadership being provided at the top).

We don't fully understand the full impact of the supply shock yet, but it's the demand-side shock that is occupying my most of thinking atm. That's still very early days...

LT investors should park their holdings in the bottom drawer for the moment and go on a holiday (entire Vikings series on Netflix, for starters - lol).

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Some dude the other day said, "It is times like these that fortunes are made but buying the right stocks"
I have not bought back into POS just yet. How about you Mr T.
RED

POS Price at posting: 2.5¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 0.4¢		Change -0.001(20.0%)		Mkt cap ! $14.85M

Open	High	Low	Value	Volume
0.4¢	0.5¢	0.4¢	$6.57K	1.578M

Buyers (Bids)

No.	Vol.	Price($)
79	37279203	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	16120666	30

View Market Depth

No.	Vol.	Price($)
79	37279203	0.004
34	36002592	0.003
15	17750479	0.002
17	19100202	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	16120666	30
0.006	32442026	28
0.007	34629094	46
0.008	13578450	17
0.009	5188007	14

Last trade - 16.10pm 27/06/2024 (20 minute delay)

POS (ASX) Chart

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do you get bored ?, page-59

Top Stories

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