$6.7 shares traded last week $4.4mil week before it $3.6mil week...

$6.7 shares traded last week
$4.4mil week before it
$3.6mil week prior again

from the increase in trades I don’t think they will be big enough to make an ann

Its probably someone with some patience buying in who has been waiting for the hype to ware off..

Factoring in
- before the bubble in April, the median price prior was about 60c (post value) for the previous 16months,
- factoring in how close they are to production
- new management and contacts
- nickel price could possibly be stabilising off now its sorted itself out
- bloodletting on ASX should finish up next week on DOW & ASX and sort itself out also.

this past week was probably an attractive week for someone who wanted to have a big crack at it move in.

However, prices are still high for POS and reflect that of a company producing and generating revenue. Don’t know if i would risk it yet. Especially when most of the ASX stocks are seriously undervalued, my choice would be to buy one of them as this opportunity doesn’t come along often.


however will be interesting to see which way the POS sp heads when the money flows back into the ASX