POS 0.00% 0.4¢ poseidon nickel limited

Nickel Price Ready For Run Up, page-128

  1. 9,777 Posts.
    lightbulb Created with Sketch. 4219
    The NP spike overnight of 4% to 4.04 was impressive and today during asian trade the chinese normally collapse it down as they have been doping for the last 18 months but its risen instead surprisingly to 4.08

    With LME collapsing down to that 370-390KT i mentioned before the arm down to 300KT. Kaboom.
    NP looks like may go higher tnt to 4.20 again if this bullish day trend carries over tnt.

    http://www.*****net.com/charts/metals/base/t24_nk180x150.gif

    I have said several times the N3 Eclipse is real but 12 months late.
    I have called a NP move 10%-20% up overnight is coming once the global deficit realisation finally sinks in & the chinese start running out
    Remember china is a 55% buyer but not a true producer, NPI has been slashed by 90% now & has made massive losses of $4Bpa to them on my maths thats why they shut it down.

    China is reliant on russian, sth american & western NI production totally. This has put it at a serious risk.

    POS is in the enviable position of having both Li & Ni and working mills and mines to produce them near term.
    Last edited by tomboy: 09/06/16
 
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