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0.4¢ poseidon nickel limited

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sircorp

13,234 Posts.

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31/08/21

17:19

Post #: 55721967
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Originally posted by zebster: ↑

Offtake agreements have a variable (floating) selling price mechanism that is ultimately tied to fluctuating Ni pricing.

We're not far away from living the simple fact that keeping your ore in-ground when prices were low and exploiting them when prices are high/higher is a very worthwhile strategy -- not that we had any real choice in the matter. For all the pain and anguish (and dilution) associated with being on C&M for all these years there's likely to be a very large payoff in not having sold our Ni while prices were low. In many respects the forces that acted to prevent earlier restarts are shaping up to have acted (somewhat perversely, but in a good way) to our LT benefit -- especially the circumstances surrounding the brutal Nuclear Winter of 2014-15, which presented the opportunity to purchase the LJ and BS projects.

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Hole 56 is new Mineralisation Zone. Initially it was out. Means there is more mineralisation in Golden Swan.

POS Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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Last 0.4¢		Change 0.001(16.7%)		Mkt cap ! $14.63M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$1.2K	321.4K

Buyers (Bids)

No.	Vol.	Price($)
110	83593744	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	48523605	40

View Market Depth

No.	Vol.	Price($)
3	2905513	0.004
111	84188745	0.003
35	48754236	0.002
16	40412753	0.001
0	0	0.000

Price($)	Vol.	No.
0.003	2905512	4
0.004	49690662	40
0.005	39333412	22
0.006	8789000	11
0.007	10092776	11

Last trade - 15.40pm 17/09/2024 (20 minute delay)

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