POS 0.00% 0.4¢ poseidon nickel limited

TradeX88 said - "IMO they will have to strike sooner rather than...

  1. 2,060 Posts.
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    TradeX88 said -
    "IMO they will have to strike sooner rather than later but for a successful bid they will have to pitch a price well over 50c.
    It actually has no relevance on what the nickle price is merely when someone wishes to utilize POS's plant to process their ore not POS ore.It is based on the capacity of POS's plant throughput. The more they process the more POS receives.Then when POS processes its own ore POS obviously receives much much more
    I think you should do your research before making comments like that RED"

    POTW for sure!
    Red finally put back in his redbox.

    This gives POS BOD a very good reason to start tolling at the swans immediately, pick a few ore suppliers and hey presto instant profits and cashflow
    This also puts BMM on notice that they are going to have to pay a lot higher for any TO hence the low volume shorting campaign to cap the SP.
    But now with UBS countering with short buying even that strategy is backfiring.

    Welcome to Australia, black widow! The land of the free.
 
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