Maybe that guy from Canada Nickel does know a thing or two about...

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Eggboy

804 Posts.

1201

23/02/24

18:29

Post #: 72567642
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Originally posted by crustbuster: ↑

NICKELPrice
16,983.50+480.00+2.91%
02:28:20 PM
MI Indication

Timing is everything jimmy .

The people pulling the leavers behind the scenes not just on the ground drilling but keeping their finger on the pulse whilst the cycle of the Nickle market finds a floor on behalf of we shareholders have done a remarkable job IMO . Our clever team will have been well aware of the causes of the unexpected downturn in the Nickel market including the the inevitable "Short Squeeze" that is currently unfolding and have timed our run to perfection IMO . A positive announcement with regards to the grades improving in the higher grade core will have a very different influence on the value of the company during a rising trend as compared to a sustained falling trend .

So the stage has been set , the correction is upon us , we have a "Globally Significant Green Nickel Sulphide" deposit of a scale which will most likely allow for a multi decade operation that is being further derisked by every meter that is being drilled.

BEIJING, Feb 23 (Reuters)-Shanghai nickel extended its rally on Friday to hit a three-month high, buoyed by supply fears amid news of potential U.S. sanctions on Russian metals, while a weaker dollar also lent support to the market.
The most-traded March nickel contract on the Shanghai Futures ExchangeSNIcv1advanced 5.1% to 136,500 yuan ($18,973.35) per metric ton as of 0210 GMT, hitting the highest since Nov. 20.

Nothing to see here folks ,

I don't know,

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Maybe that guy from Canada Nickel does know a thing or two about nickel????....go figure, and I thought the ABC and that old unemployed ex-consultant bloke they dragged on to the TV to say Nickel wouldn't recover for 5 years would know better!

Anyway, still bit early to either crow or cry.......as always, time will tell.

EB
BTW - enjoy the posting Crust - cheers.

WMG Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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