POS 25.0% 0.5¢ poseidon nickel limited

Ann: Quarterly Cashflow Report - March 2021, page-7

  1. 5,005 Posts.
    lightbulb Created with Sketch. 2244
    By my reckoning, assuming :
    1) no pre-funding package received relating to the BS restart (unlikely, imo, until FID sign-off by BOD which isn't expected before Dec); and
    2) no asset sale(s) (LJ or Windarra Gold)
    another small raising will very likely happen, say, late this quarter or almost certainly sometime in the Sept. quarter.

    Why?
    To keep the keep the (future) number reported in section 8.7 of the June Quarterly Cashflow Report (Appendix 5B, p.4) above a value of "2", thus avoiding the need to answer the questions in 8.8.

    All going well with GS news flow during this quarter the raising will be at higher SP levels.
    Last edited by zebster: 30/04/21
 
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