POS 0.00% 0.5¢ poseidon nickel limited

KD, NIC is NOT an OZ Ni sulphide producer. Its a chinese...

  1. 10,137 Posts.
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    KD,
    NIC is NOT an OZ Ni sulphide producer.

    Its a chinese laterite producer in Indonesia using cyanide and HPAL chemical leaching process run by BIG SHOT (major holder in NIC & getting 100% of its offtake at pathetic low prices) and using cheap slave labour polluting the local rivers and dirty low grade with high death toll (43 in Indo this year alone) & high injury toll.

    NIC is UP 23% today so good news taken by the market contrary to what you thought.

    the only cactus is AFAF BHP PAN MCR IGOs cosmos & FF & laterite producers in Indo imho.
    IGO has been rebounding from 2 year lows and still producing from Nova (same size MILL as at LJ)
    soon POS follows the rebound pattern imho

    you are comparing chalk with cheese buddy.
    Last edited by tomboy: 30/01/24
 
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