POS 0.00% 5.3¢ poseidon nickel limited

Zeb,What is happening is massive regarding nickel metal...

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    Zeb,

    What is happening is massive regarding nickel metal outflows. I expect it to slow down a bit...
    However we know nickel activity is at slow (so many project like ours are either dead or in care). And we know the time it takes to turn the key on!!!
    However there is still a good demand for stainles steel a 6% increase year on year, higher nickel demand for EV. year on year Conclusion a deficit will occur whatever. Experts are talking between 50 to 100 kt of nickel deficit for 2020 compare to 20 to 40 this year
    What does it mean ? i reckon nickel price will be sitting between 8 to 9 usd per lb in 2020. Golman sachs predict a 10-11 usd per lb price.
    If a trade deal is signed between Sino-USA. It will be a good new.
    Regarding Poseidon first thing to do is to make sure our 400kt of nickel metal are really profitable...AF and his mates will work out on a mecanism to make it profitable.Beside, let me tell you they are going to impress us if all figures above last for a long run

    We are on the right road

    Cheers

    Fredy


 
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