POS 0.00% 0.5¢ poseidon nickel limited

$2 Club, page-46

  1. 3,950 Posts.
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    I expect they want to raise extra money on the back of there stated reasons so they have extra money in the kitty for a stealth restart or more drilling as the market evolves and cash in the bank so there share price has less chance of being manipulated at next cashflow report by the vulchers, also gives them bargaining power with offtakers that they plenty of money and don’t need to do a offtake deal, ie do a deal on our terms or we can wait as we have plenty of cash, not to mention potential rising mining and labour costs associated with Covid labour shortages and a few prawns for the Christmas 50 cent party
 
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