LM8 has $27m in the bank. Free fall right now is perfect for the...

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CashedUpBogun

8,132 Posts.

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24/01/24

14:57

Post #: 72045175
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Originally posted by tomboy: ↑

LM8 ESR NIC NC1 LTR PLS are all in freefall buddy

MCR went from 20c to 270c thento 104c then AFAF crazily overbid at 140c for it

lost $600M cash like he lost on Noront $450M also, NUTS.

I was an MCR holder at 100c in 2014 but sold for a loss and stayed out, yes I couldve bought in at 130c again and sold at top but why bother as it was taken for 140c inthe end and that was way overpriced as I called it. MCR has NO MILL its costs way too high as they pay BHP for exorbitant tolling at Kambalda.

PAN gone into VA

MCR PAN WSA OZL bought at top by monopolists AFAF IGO BHP

AFAF could with that $1200M cash taken POS 51% as he planned in 2018, bought PAN in full and built a massive 2MTpa mill and pCAM refinery at POS and restarted his Ni empire with 4 mills 7 mines & own refining but alas he didnt listen to me but to Luca and other loosers.

POS has been around since 1969 and under current ASX run since 2005.

POS survived the Ni winter 2015-2019 using CRs and debt from AFAF & Jefferies (BMM assigned)

POS survived when NP went from 10 to 3.50 now its 7.10 way higher.

POS survived with only $2M cash in bank

NP is irrelevant to POS

Interest rates are irrelevant to POS

NP will recover fast soon imho

POS has survived & will survive

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LM8 has $27m in the bank. Free fall right now is perfect for the bargain hunter.

LM8 is today where MCR was back 2018. Regsrdless of the ups and downs it was still a 5 bagger for me.

And I believe Whyloo will need to build their operating Kambalda platform.

pick your nickel stock, if you think POS has greater value just because of the plants then you're not being realistic on the quality of the deposits themselves.

POS Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
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