Australia's largest stock trading and investment forum Australia's #1 stock forum

POS

Click for more information

0.00%

0.5¢ poseidon nickel limited

Agree Captain, its called patience.

First 536 Last

Share
Profile

Follow
MoneyMonster

252 Posts.

25

10/08/22

09:03

Post #: 63024128
Share

Originally posted by captain_matt: ↑

Take the tin foil hat off,
remove the rose coloured glasses,
grab a dictionary and use spell check.

If there was a world shortage, the price would be far higher instead of sitting at less than $10/lb at present

It's undeniable that the need for nickel is increasing due to the EV revolution

Unfortunately though, at present this EV demand only makes up a small percentage of total nickel demand.

With the world headed for a global recession, with massive inflationary pressures, discretionary spending will be reduced greatly.

People who were looking at getting that Tesla or Home battery systems last year when interest rates where low, inflation was under control, and money was free flowing - will be thinking twice when faced with paying higher mortgages and paying for needs, rather than wants.

The demand for stainless steel, approximately 80% of current nickel usage will unfortunately drop off, therefore leaving leaving a surplus until global economies return to some normality

Incoming Indonesian product is only going to add to this issue.

Don't get me started on the imploding Chinese real Estate flow on effects either

P.S.

if you keep feeding the court jester with praise he only gets more repetitive!

Expand

Agree Captain, its called patience.

POS Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched and most discussed stocks this week

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 34 more messages in this thread...

First 536 Last

Add POS (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $21.01M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.4¢	$20.95K	4.192M

Buyers (Bids)

No.	Vol.	Price($)
66	64713594	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	963797	4

View Market Depth

No.	Vol.	Price($)
65	64471594	0.004
69	44138004	0.003
19	45427935	0.002
12	32778647	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	924071	3
0.006	34396433	35
0.007	5102781	18
0.008	3228468	8
0.009	98928	2

Last trade - 15.24pm 08/11/2024 (20 minute delay)

POS (ASX) Chart