Updated MST Access Val, page-57

MST clearly calling a $62M DEBT receipt by POS in the next 9 months by 30 June 2024

https://poseidon-nickel.com.au/wp-c....08.17-MST-Access-POS-Update-Note-17Aug23.pdf

Debt - - - 62 62
Enterprise Value A$m 5 4 5 6 6 9 106 151
Other 1 1 1 1 1
EV /EBITDA x n/m n/m n/m n/m 5.1x
Liabilities 65 65 63 125 129
Net Debt / Enterprise Value (0.1) (0.2) (0.1) 0.1 0.8
Net Assets 60 76 77 121 134

This means that they assess that POS WILL SIGN an offtake deal in the next 9 months and WILL RECIEVE $62M DEBT in this deal as part of the financing of capex.

Hence why the CR was only $6M and not $40M like PAN
POS CASH at bank is now $11M & NO DEBT so they have enough funding for this 9 month period imho

CEO has timed this CR badly but is now timing the cash based on this large DEBT incoming which is still in process and on the table.
Market expects $0.00 DEBT & 0 offtake deal for the next 10 years, LOL.
Market thinks CEO is crying nickel again and nothing will happen at all just more of the same,

Stop sniffing the turps buddy, perhaps you can eat your words soon as clearly MST think something BIG is coming POSs way soonish.

Dont take my word for it, take MSTs.