Lets call it Super Nova
to the moon and beyond..
Poseidon of old has run 3-4 MBs almost every year since 2007 & has been a traders stock & a LTH nightmare.
However in 1969 & 2008 & 2014 it ran its multi MB and became legendary,
it still inspires yet is still mocked but with PH as CEO, GS at world class grades and the remarkably good condition assets and NO debt, its a very very different story now. No one can mock POS right now. And as it takes off, it will inspire the bulls to remember the POS of old lore.
25c then 50c maate you say ..who knows, it has to break that 9.7c double top first,
a run to 9.7 then a break out will attract the hedgie traders to jump on board the POS Ark.
If its another P&D, we will see the ST traders pile in and a mountain top pattern again with sharp drop.
so far hasnt followed this pattern as its still in the low range of 6-10 and going UP.
We need to see a reconnect to 8-9 then spike outs on large volume
feels like drill & offtake news is going out on wednesday at the conference and extra time given to PH to read it out to an amazed globe.
POS might be the talk of the Ni industry on wednesday.
if we see 8.0-8.5 tmrw then we will know that some news is coming & the wednesday preso will include some news for release.
Imagine if he announces more 10% sulphide hits at 100m distances at 10m true widths and/or $50M cash offtake offers from a short list of 2 parties
Market will be stunned.
Feels like something like this is imminent.
POS is the 2nd Force in Nickel Ore, believe it.
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