POS 0.00% 0.4¢ poseidon nickel limited

NOW OR NEVER, page-12

  1. 5,075 Posts.
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    1. I'm not a near-term seller, so forget the idea of me cashing-in anywhere near this juncture.

    2. The concern around suspension was largely tongue-in-cheek. However, there's a potential somewhat serious angle to be aware of: PH and the crew are wanting to provide an update - complete with more assays results (per the TH announcement) - at the same time as answering the ASX's standard speeding ticket questions. If management cannot get comfortable that they achieve this by tomorrow, in order maintain their continuous disclosure obligations (i.e. ensure an orderly (informed) market), then they can extend the trading holiday, but it then becomes a request for temporary suspension. This would give rise to questions around why they are unable to properly inform the market after 2 tradings days off + a weekend. If this happened there would be a natural potential for raised eyebrows.

    Basic stuff. I'm only joining the dots because you asked.

    Last edited by zebster: 05/07/21
 
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