POS 25.0% 0.5¢ poseidon nickel limited

a $1 stock, page-43

  1. 1,957 Posts.
    Every man and his dog know about POS now and they are clearly not buying. It's up 50% since the announcement which represents around 40 million extra value for something that was acquired for 1.5 million so that's a pretty good result. Even after the big presentation the other day interest has been mild. The infrastructure seems a positive deal but don't forget it was available for anyone who was interested but only sold for 1.5 million which probably means 1.) it was the best offer 2.) probably because it needs 50 million extra dollars and risk and time to determine whether it's commercially viable or not and 3.) it gets the environmental liability off the Russians backs and transfers it to POS. Think we will see lower prices before we see new highs. Hopefully my stop loss wont get hit. The market will likely want some direction on how they plan on funding this and as mentioned by others the dilutive effect of that strategy. Running to .22 cents would add another 40 plus million to the MC. Markets arent usually that generous. We should probably give the guys a chance to reveal the finer details and as usual water finds its own level.
 
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Last
0.5¢
Change
0.001(25.0%)
Mkt cap ! $18.56M
Open High Low Value Volume
0.4¢ 0.5¢ 0.4¢ $9.661K 2.404M

Buyers (Bids)

No. Vol. Price($)
90 66568063 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 16479836 30
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
POS (ASX) Chart
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