Fredy

Believers and LTH,

If you read my last post, i said we are ready to pounce
The company is well established and you all know that
Debt funding, off take agreement is all on table
Investors like POS
Investors believe in POS
Investors know POS is the stock to go
POS has made stunning progress and you all know that
BUT I always mention the past 2 months, we need ni price support which is the main issue
I personally don 't understand why ni price is tumbling at 5.35usd/lb below our production cost
Who can predict it ? Even experts are 100% WRONG so far
AF, DS can employ the best ni experts on this earth, it won t change anything about what is happening right now on the LME
Do we have to blame them ? no way
Which companies can survive at that price...
My strong feeling is something is not normal at all..China sounds to be behind ni plunge, it cannot be the other way...
If experts are right, we should enter in a ni metal deficit...last information I got is ferro nickel has replaced NPI
Even stainless steel companies are not doing very well, there is still a demand in China
Ni price crash is not justified, again, I cannot see other reason except China manipulation
China is scared of ni metal deficit and so a HIGH BOUNCE NI PRICE
Today we can just ask ourselves why ni price is heavily down, what is the future of nickel BUT we can not blame POS at all
POS has fully filled up its duties
POS is strong so they will deal with that bad environment, strategy may be issue to face that storm
It is hard and depressing for anyone but we MUST hang in there
I feel positive because I have that STRONG sentiment that price is really manipulated and therefore a hard bounce back is expecting
FREDY POS MASCOT