I have taken some time before posting to mull over the last few weeks/months with Pos
Pros:
Fundamental resources remain
Mills still there.
Huge potential upside in resource increasing.
Large tenement base for LOM extensions post drilling results.
Increasing market demand for nickel in the next 20 to 40 years.
Base nickel prices gradually rising on average.
Considerable progress to a restart over the last 2 years.
Cons:
Another delay. Despite no indication in the lead up over the last few months, with interviews with PH indicating the opposite.
With all the hype, emotion and vitriol posted on here it is small wonder that PH made the comments about HC.
Investing is a business. I agree that SH's have a right to be angry and dissatisfied with the last announcement. I am too.
HOWEVER, apart from a delay (again), I would rather have the problems now rather than after restart, particularly heading into an expanding market. Production needs to be able to supply to the market and not have problems with output or quality, that may see penalty clauses in contracts come into play.
I am not selling.
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