POS 33.3% 0.4¢ poseidon nickel limited

’Why?’I don’t think interested parties are looking at it from a...

  1. 271 Posts.
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    Why?’

    I don’t think interested parties are looking at it from a C&M perspective, they are probably looking at is from a perspective that nickel is about to run and POS is an opportunistic asset. I doubt anyone smart enough to make an asset purchase would be interest in inheriting a C&M liability as you allude to. The market is about finding future value and making forward predictions, right or wrongly.
    POS imo is at an inflection as I posted quite some time ago in the chart thread, you can look for yourself where I highlighted green and verify there.

    https://hotcopper.com.au/data/attachments/6179/6179575-ca658f7e60d5af86cbec3370b16a92bf.jpg
    Additionally nickel price is already starting to run, which I honestly don’t like all the much because I would have liked to have seen the nail in the coffin of the BHP operation prior to running up. Therein “right or wrongly” risk. .

    https://hotcopper.com.au/data/attachments/6179/6179555-ef1a06ac9a43eb32e23273a1367350ef.jpg
    Last edited by Chartwizard: 18/05/24
 
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Last
0.4¢
Change
0.001(33.3%)
Mkt cap ! $14.85M
Open High Low Value Volume
0.4¢ 0.4¢ 0.3¢ $9.456K 2.663M

Buyers (Bids)

No. Vol. Price($)
83 50307585 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 7456574 23
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
POS (ASX) Chart
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