POS 10.0% 0.5¢ poseidon nickel limited

News: POS Estrella Resources Enters MOU With Poseidon Nickel, page-29

  1. 9,757 Posts.
    lightbulb Created with Sketch. 4210
    ESR went from 1.4c to 27c where I correctly called the top to much abuse on HC and called its return to sub 7c, I was SPOT ON.
    it dropped from 27c to 20c intraday then back to 4c still a 3 x Mber from the start.
    look at the annual chart.
    A classic P&D unsupported moonshot 20 x Mber and crash back.

    last 2 days it went from 3.8 to 4.8 back to 4,3 so its a $2T company?! Is that a joke?
    Does this guy know the grades are a low 1.3% & they have no mine no mill no decline even?
    Does he know that MOU is long expired & how do they plan to dig the low grade and transport to BS assuming PH would even consider this low grade.

    Compare Mt Jewel high grade 3.4% nearby, way better and JORC defined.
    PAN/Buswell sold it cheap $100k option to GBR & RD missed the boat on that deposit which I asked him to acquire.
    Now that deposit would work better for the BS mill

    There are many stranded Ni deposits being hocked off atm which are mutton dressed up as lamb.
    But POS has all the top shelf lamb flock & the whole meatworks.
    Last edited by tomboy: 15/09/21
 
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