Ok- looks like it’s my turn again.‘Sell now, while prices are...

Ok- looks like it’s my turn again.

‘Sell now, while prices are low! Buy back in later this year and next year, when prices are high!’ Is certainly not what people say but is overwhelmingly what they do.

Be the best average retail investor the institutions & people like me with decades of trading experience can hope for? Not if you wish to become more like those who enjoy the downturns.

This is very worth reading carefully ⬇️
https://www.cruxinvestor.com/posts/new-age-of-scarcity-the-dawn-of-a-commodities-investment-supercycle

As noted in my previous post we are seeing a pull back in investment & project execution. The already forecasted nickel deficit next year and beyond will therefore only become more acute while the potential to profit for the patient investor ( those who buy when everyone else is selling ), will increase.

After yesterday’s post we got yet another reminder that is in fact the case-

https://www.mining.com/web/battery-metal-price-plunge-is-closing-mines-and-stalling-deals/

For those who aren’t aware, Ardea’s projected cost to produce nickel is very competitive with existing operations.
Existing as in already financed, a very important thing to remember.

The below is taken from our PFS, page 7, found here:
https://ardearesources.com.au/downloads/presentations/arl_p2023100401.pdf



The black dashes which go from the left hand side to the middle of the graph is my clumsy drawing to indicate where the average cost is. That average is roughly $12,000 a tonne while our cost is roughly $5,700. A touch less than half the average cost. Even without the cobalt credit it is just over $10,000 a tonne, or slightly over 20% a tonne cheaper than the average.

This year will see the higher cost operations ( those above the average or roughly $12,000 a tonne ), become stressed/collapse. Yet again reminding us that the main point- that a deficit is on the very near term horizon- is becoming ever more likely to occur & will ever more likely be worse ( but better for those with lower cost production like Ardea ), than predicted.