do you get bored ?, page-59

First 59 Last

Share
Profile

Follow
redbackrules

3,257 Posts.

445

16/03/20

17:20

Post #: 43522060
Share

Originally posted by zebster ↑

T,
I hear you wrt to those possible explanations, based on the fundamentals, but I doubt any of those aspects are factoring much at all with POS atm. Basically, POS is a Ni spec stock and in times of heightened fear and panic, the market has zero appetite for optimistism (i.e. possible upward price re-rating wrt possible resource upgrades or project economics becoming technically viable). It all gets drowned out by the larger negative macro news flow. That's not to say that these things are not important; they are, but the market simply isn't interested while there's a strong negative global mood. The best we can hope for atm, imo, is that we're largely ignored by the market. The fact that we've got good cash reserves and we were already well off our highs is theoretically probably enough, but there's always the possibility that weak hands get nervous and the price drifts down further. On a thinly traded stock it doesn't take much at all to move the SP. For LT investors, it's of little consequence.

I guess I'm trying to convey that there's a time and a season for almost everything in financial markets. Positive drilling results under BS should help the LT economics, but I wouldn't expect any meaningful credit to be given by the market while the herd is stampeding in the opposite direction. Short of hitting some kind of gob-smacking mother lode that gets everyone's attention (eg: oh idk, say discovering a massive gold ore body while actually looking for Ni), the best we can hope for in the near term is to simply mark time SP-wise.

The big question is how long this bear will last. My take is certainly while infections continue to grow in Europe, with the next likely wave of worry likely to be wrt US infections, which appear to have been artificially under-reported because of inherent structural deficiencies. (I'll be disciplined and refrain from commenting about the utter lack of leadership being provided at the top).

We don't fully understand the full impact of the supply shock yet, but it's the demand-side shock that is occupying my most of thinking atm. That's still very early days...

LT investors should park their holdings in the bottom drawer for the moment and go on a holiday (entire Vikings series on Netflix, for starters - lol).

Expand

Some dude the other day said, "It is times like these that fortunes are made but buying the right stocks"
I have not bought back into POS just yet. How about you Mr T.
RED

POS Price at posting: 2.5¢ Sentiment: Buy Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

PGD

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

PXX

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

IBG

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

There are more pages in this discussion • 2 more messages in this thread...

First 59 Last

Add POS (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $18.56M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.4¢	$19.81K	4.400M

Buyers (Bids)

No.	Vol.	Price($)
79	39712462	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	17579191	31

View Market Depth

No.	Vol.	Price($)
78	39462462	0.004
32	34872592	0.003
15	17750479	0.002
15	18100201	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	17579191	31
0.006	30252026	26
0.007	36721690	48
0.008	13596450	18
0.009	5188007	14

Last trade - 16.10pm 26/06/2024 (20 minute delay)

POS (ASX) Chart

do you get bored ?, page-59

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

do you get bored ?, page-59

Top Stories

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News