Originally posted by Samboy69
Black swan is a production powerhouse with highly sought after nickel sulphide in a central mining location with great infrastructure & roads. It will be a toller and producer here as in the past.
And now twiggy has spent his spare $15M on buying more FMG stock at 4 year lows plus approving a FMG $500M buyback. FMG is up sharply 15% and soon even higher.
Twiggy should do the same with POS as with FMG & SIR:-
- buy that extra 50M shares to 19.99%
- launch a POS buyback using the $70M cash at bank, say $15M at 5c would reduce equity by 300M
- this could boost the SP to 10c
- start tolling ore at black swan & start SS high grade production at a profit
- prove POS can produce and manage and toll
- buy PANs northern tenement near the swan
- drill to find a high grade world class deposit at the swans and abi rose
(drill campaign mentioned at black swan but not started yet)
So we know why twiggy/FMG didnt put in $40M into POS & take on ASIC, they had a buyback planned.
So as POS sits at these lows, then why not here?
POS can ramp their own share price rather than wasting the cash on admin & equity dilution,
twiggy chose POS over AGO, amazing, must have big plans,
Twiggy is the BOSS of POS!
Some choice cuts:
"- launch a POS buyback using the $70M cash at bank, say $15M at 5c would reduce equity by 300M
- this could boost the SP to 10c."
and
"So we know why twiggy/FMG didnt put in $40M into POS & take on ASIC, they had a buyback planned."
LOL!
Using $15m of precious cash to buyback 300m shares would reduced the issued capital by ~11% and you think this would
double the share price from ~5c to 10c... in a
non-producer, no less? Hilarious stuff.
You talk like AF had an option to fight ASIC. What bunk. His sub-underwriting rights never went 'live' because all the shortfall shares in the rights issue were taken up by others. You seem to be the only one who doesn't understand this.
Spending more coin on drilling highly prospective ground is what's required while the NP is working against us. On that you'll find agreement. Drilling AR as a prospective feedstock for LJ is a good start on that front. Some more drilling on BS/SS wouldn't go astray, either. (I know it was planned, but no word on a specific program yet.)
Woll, be
very careful of SB. He talks a great game, but that's about all. On a good day about 1/3-ish of what he says is accurate wrt POS. He'll say whatever he thinks he needs to on any given day, in an attempt to stimulate some upward SP action, regardless of whether it's remotely accurate/plausible or what the real SP-moving forces are doing (i.e. the int'l NP).
(20min delay)