Unfortunately the $US index is down about 7% over the start to finish of your channel so the world producers need a 7% rise in the $US nickel price just to be square over that time period. Nickel is priced in $US for convenience. How many US nickel producers are there in the market? Don't look to hard at a $US nickel price graph without considering the affect of $US price index. Anyway good rise last night partially offset by the falling $US index.
Consider that at current NP and a $US/AU of 60c, POS could restart and make a hardy profit.
China PMI 50.2, page-65
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Last
0.4¢ |
Change
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Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $308 | 68.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 94 | 67484980 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 16076848 | 27 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| POS (ASX) Chart |