POS 0.00% 0.5¢ poseidon nickel limited

do you get bored ?, page-33

  1. 35 Posts.

    Sorry guys, my mistake, read an article that said it went to 48c duing th GFC. Anyways, looking closer, AUD could be under considerably more pressure of collapse now than then imo. We actually have vast swathes of people under lockdown and more to come, cash rate's at 0.5% v GFC low of 3% etc. True panic hasn't set in yet imo but when it does I wouldn't be surprised to see her in the 30s. She's absolutely cooked.

    Given the apocalyptic scenarios we could see by Sept I think BMM will be desperate for their money. Depending on the fx rate they need to cash out and recoup what they can from POS. Or again, as discussed before it could be a takeover strategy.

    PS. Jesus is dead on earth but alive in the skies. He is watching the POS sp as we speak I imagine.
    Last edited by LittleHuman: 10/03/20
 
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