Pan.asx price movement is healthy
Slow and steady wins this race.
IMO you don't want large jumps in SP (volatility), with that comes day traders and pump and dump movements.
Have comfort knowing that Pan is producing the right asset at the right time with ability to increase productivity to meet the increased demand.
IMO Market doesn't believe that the high nickel price is sustainable.
Many will have used the news to take profits, I think we will see volatility on Nickel spot price but ultimately it will continue on an upward trend until supply meets demand which we know isn't possible for years to come and at a price even higher than current.
Remember that Pan doesn't need high nickel prices to be profitable, the current share price and production model is proven feasible on Nickel price base case.
Any Nickel price above that is profit.
