this is the only sensible way to view POS.
It's proven without a doubt that the current resources are not economic, and will not be economic unless new discoveries are made.
POS is now an explorer with a decent cash position to drill holes.
It's a shame LJ had to be sold, however the other assets clearly weren't generating enough interest.
Retaining a royalty was smart - future potential cashflow.
POS is now an explorer, the best time to explore is bottom of the market.
The only way to explore is aggressively. This will be the benchmark of new management.
Ni exploration is not easy nor cheap.
The need a geo as CEO to do this.
LM8 is my pick of the players, but under an explorers lens POS could be considered.
Best of luck you poor bastards!
this is the only sensible way to view POS. It's proven without a...
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Last
0.7¢ |
Change
0.001(7.69%) |
Mkt cap ! $25.99M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $26.12K | 4.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 72 | 56538951 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 24725096 | 52 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
0.7¢ |
Change
0.001 ( 8.33 %) |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.7¢ | 0.6¢ | 1601919 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| POS (ASX) Chart |