POS 0.00% 0.4¢ poseidon nickel limited

Ann: Trading Halt, page-43

  1. 9,777 Posts.
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    $10M to Morgans who become the 3rd largest holder in POS.
    Welcome to the jungle boys!
    More news nationally, thats 167M shares to a total of $2.807B SOI
    Maybe Morgans was the capper! And AF the trading short seller.

    That site visit was fruitful then, they must have been impressed with the surface infrastructure that they dissed beforehand.
    Maybe they realised RD was spot & its all in good condition. Big signal of confidence that a site visitor wants in big time.

    They will go to 3rd largest holder overnight passing CS at 6% plus what they are holding already maybe another 2% as they were net buying at 6c-10c recently on the double head chart. Morgans may well be holding 9% of SOI & will be issuing a sub holders notice soon no doubt.

    Yes this is a FU to BMM & AF,
    Ill go with a 3rd option with fresh blood that doesnt cap or sell large sums while im trying to ramp it to new highs.
    Sounds like a deliberate ignoring of BMM AF FMG after their bad behaviour recently.
    Could it be that AF is peeved with PH, if he was why vote in favour 99.7% at the AGM?
    Wyloo his subsidiary & Felicity his nominee director were all there at the AGM, sounds more like a lovers tiff.

    Also its not the full load needed but will boost the GS ST SS mine drilling programmes & this stealth restart & support the BOD great decision to refurbish SS declines and now build the drill drive. If they find another $1B of Ni down there that $10M is going to look real cheap.

    Now they have $24M cash & NO DEBT & NO CN overhang that can take them to December 2021 without a full restart FID and yet continue the stealth restart and ST block drilling. They now also have others willing to go in here to make a motza & fund this to production. A great move PH!
    No more crap please.

    Lets see the SP go to new highs as he mentioned.
    Last edited by tomboy: 10/12/20
 
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