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0.4¢ poseidon nickel limited

Ann: 106% Upgrade of Nickel Reserve at Silver Swan, page-30

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Jehosephat

2,728 Posts.

377

13/02/20

13:45

Post #: 42912620
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Originally posted by hazza25: ↑

Thanks team. I always think I am 'invested' in my investments too but don't have the analytical skills that you guys have.
Couple of questions. What is PON?
I cannot see the $AU / US$ conversion going to 0.76 to 1.00
The other ting in my mind is that if you see a Ni price recovery and wait until it hits $22335.00 per ton which is about the maximum predicted for 2020 ( looks a long way away from the $12000's or $13000's we see now) Then by the time you build and begin the mine one may well have past the peak?
One can never bet definitively on the exchange rate and cannot bet on an ever increasing price. Things just do not work that way. So it may be better to make a start somewhat before the $22355/ton than work on reducing costs and efficiencies..
Still, more core thing is AU$ 0.76 to US$1.00.....probably not in a very long time!
There you go. Gunna keep holding for an indefinite time. Either get my $$ back or the kids can inherit bugger all!

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@hazza25, the 12-13000 is US dollars, the $22335 is Aust dollars. The Ni price at the moment is about $19000 Aust dollars, so not too far off $22335.
PON is price of nickel

POS Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $16.81M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$35.57K	8.970M

Buyers (Bids)

No.	Vol.	Price($)
115	94103326	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	29445658	48

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No.	Vol.	Price($)
115	94103326	0.003
29	54797678	0.002
16	34412753	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	29445658	48
0.005	29293058	21
0.006	9266341	11
0.007	1644708	7
0.008	1800000	1

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