POS

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0.5¢ poseidon nickel limited

Wyloo to C&M Kambalda Ni Ops, page-13

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AlCp

27,742 Posts.

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22/01/24

22:56

Post #: 72011017
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Originally posted by tomboy ↑

My take is -
nothings changed its business as usual.
POS has NO DEBT
NO JUNKBONDS
MASSIVE MILLS & MINES
NO OFFTAKE terms to breach (unlike MCR PAN BHP)

I expect a big boy to go into POS dirt cheap and take a large stake beating away those dufuses BMM AFAF Citi for good & lead us into production, someone not a backstabber and reliable who wants to make money & not selldown & collapse his own wealth like they stoopidly did.
Creasy/IGO GMD RIO FQM are possibilities there.

MCR PAN BHP IGO will soon be wracked with legal cases over offtake breaches & non supply breaches & damages claims with the lawyers have field days out imho
PAN offtake breach will affect Trafiguras supply
IGO shuttering FF & cosmos will affect its offtakes with BHP & Trafigura at 50% each
MCRs breach of its offtake will affect BHP offtake to Tesla and other suppliers which it cannot service at all (again I called this SPOT ON 2 years ago)
Its a dogs breakfast now for this motley crew.

On the contrary, POS now looking pretty in pink dirt cheap and all those MILLS MINES with NO DEBT. I expect more Li, gold tailings, water with more deals with GMD.

There will be the annual CR as usual and money paid for POS gold tailings & water will support POS for years. POS can survive any nuclear winter yet again but I dont think this one will last more than 6-9 months as market realises theyve been fooled by BIG SHOT.

PHs decisions the pay down that $30M junkdebt with the yanks, not restart early, not take the $62M debt or sign offtake deals and remove AFAF from register seem to be masterful in hindsight.
Yet his massive salary, massive cash wastage on studies/plans on reinventing the wheel, the useless PBT deal & empty promises on restart were a disaster.
He is still chairman so still has a chance to prove himself.

The big boys $14,000M cashburning will be investigated for a while and may mean the end for some of those investors for good in this sector.
AFAFs reputation once again has been tarnished after all his promises and bullish rants in Kambalda & will go down like his ANL speaches in 2001 at murrin murrin.

Its all about preservation now
and how high or low POS SP will go not whether it will survive as that is now assured. The NP is irrelevant and its all about the cash and reducing costs now whilst keeping the pit dewatered and lights on ready for a never ending restart project.

POS has survived and is in position to benefit as all the others have fallen on their own expensive swords.

Expand

Dirt cheap.....the MC is $33M right freaking now. Do they want $3.3M lol.

Last edited by AlCp: 22/01/24

POS Price at posting: 0.9¢ Sentiment: Hold Disclosure: Not Held
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