Looks like while NP is under 8.00-11.00, Li will be the go to move for POS the next 6 months and speculation from s tock head is rife:-
"Lake Johnston flowing with lithium
It remains to be seen whether Poseidon Nickel (ASX: POS) decides to double check the spodumene potential at the historical Emily Ann and Maggie Hays nickel mines, which are the cornerstone of the “original” Lake Johnston project"
We know they hit Li there already in 2016 and the SP went up 400% from 3c to 12c back then so expect another bull run on the Li and drilling for Li
Ironically, if Ph had dumped LJ to BMM/AFAF for peanuts that prospect wouldnt exist now.
LJ has a large mill that can be converted to Li production and this was checked in 2016.
The 2016 hits were not followed up and the exciting high grade they found just stopped being discussed.
PH last year when LiP rocketed up5000% again DID NOTHNG for the Li at LJ but did finally can the LJ selloff talk.
When the NP rocketed in 2022 last year from 8 to 45 PH also ignored the NP move opting for more studies and drilling.
So dont expect much from this stall crew that ignore the LiP & NP as in the past.
Business as usual until the new 2B shareholders start forcing changes on them as they have started to do now.
I expect some Li drilling and Li study for LJ next as s tock head speculates.
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