Australia's largest stock trading and investment forum Australia's #1 stock forum

POS

Click for more information

0.00%

0.4¢ poseidon nickel limited

NEWS, page-536

First 536 Last

Share
Profile

Follow
MoneyMonster

252 Posts.

25

10/08/22

09:03

Post #: 63024128
Share

Originally posted by captain_matt: ↑

Take the tin foil hat off,
remove the rose coloured glasses,
grab a dictionary and use spell check.

If there was a world shortage, the price would be far higher instead of sitting at less than $10/lb at present

It's undeniable that the need for nickel is increasing due to the EV revolution

Unfortunately though, at present this EV demand only makes up a small percentage of total nickel demand.

With the world headed for a global recession, with massive inflationary pressures, discretionary spending will be reduced greatly.

People who were looking at getting that Tesla or Home battery systems last year when interest rates where low, inflation was under control, and money was free flowing - will be thinking twice when faced with paying higher mortgages and paying for needs, rather than wants.

The demand for stainless steel, approximately 80% of current nickel usage will unfortunately drop off, therefore leaving leaving a surplus until global economies return to some normality

Incoming Indonesian product is only going to add to this issue.

Don't get me started on the imploding Chinese real Estate flow on effects either

P.S.

if you keep feeding the court jester with praise he only gets more repetitive!

Expand

Agree Captain, its called patience.

POS Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

EXR

Elixir winds up QLD operations with five of six zones flowing gas – but shares plummet -50%

DRO

Droneshield shares move up on $13.5M US govt contract

TMK

TMK Energy kicks off drilling for new pilot wells in Mongolia's vastly underexplored Gobi

WAF

West African Res jumps on claim mine safe under Burkina Faso's junta; HotCopper ponders Russia

There are more pages in this discussion • 34 more messages in this thread...

First 536 Last

Add POS (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $16.81M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$8.624K	2.206M

Buyers (Bids)

No.	Vol.	Price($)
122	106909480	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	49746462	52

View Market Depth

No.	Vol.	Price($)
121	104909480	0.003
35	64875990	0.002
17	35412753	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	49747660	52
0.005	28980868	20
0.006	8516341	10
0.007	2844708	8
0.008	1800000	1

Last trade - 14.35pm 08/10/2024 (20 minute delay)

POS (ASX) Chart