POS 0.00% 0.5¢ poseidon nickel limited

If ni price plunge below 9,000 usd aton, 100% of producers will...

  1. 1,929 Posts.
    lightbulb Created with Sketch. 114
    If ni price plunge below 9,000 usd aton, 100% of producers will stop producing...they are alreday at loss
    at 9,000 usd a ton it will be a suicide...so if ni producers all announce care and maintenance then price wil bounce back at 5.5then 6 and above
    Ni producers are not traders, even now and below 9,000 usd a ton, workers lay off..care and maintenance figure, i cannot see the other way around....
    Main COP is actually above 5.5 for some well above 6.5...already at loss, cash flow burning...they cannot survive another 6 months...
    will be interesting to see what is going to happen, but something big will happen....
    China even slow down still need ni metal...so let see
    Either we will see ni price above 6-7 soon or the other way then except big injuries......just ones with still cashflow will survive......

    Fredy
 
watchlist Created with Sketch. Add POS (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $23.12M
Open High Low Value Volume
0.5¢ 0.6¢ 0.5¢ $37.16K 7.332M

Buyers (Bids)

No. Vol. Price($)
7 2345343 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 32780227 34
View Market Depth
Last trade - 14.41pm 06/11/2024 (20 minute delay) ?
POS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.