Great day for POS and should hopefully be kept bid for the foreseeable future. Not only have they increased their nickel production and smashed their capex but they will be producing at the right time (in the next 6mths).
Further positive broker reports coming out this arvo about Nickel:
From Credit Suisse: "Significant upgrades to near-term nickel forecasts: US$8.5/lb (+19%) in FY14, US$10.4/lb in FY15 (+32%) and US$9.5 in FY16 (+17%). As ore stocks become depleted we see scope for price advances in 2H14 and 2015. We now contemplate a market moving into more pronounced deficit in 2H 2014, especially from 4Q. Global shortfalls in 2015 are expected to exceed 100 kt of nickel. Long-term nickel forecast unchanged at US$9/lb, real."
JP Morgan: Nickel To Reach deficit By Q4 - also hit the wires but I have yet to see the report.
20c, page-13
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $18.91M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $4.293K | 998.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 65426705 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3676277 | 13 |
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| Last trade - 13.58pm 18/11/2024 (20 minute delay) ? |
| POS (ASX) Chart |