POS 16.7% 0.7¢ poseidon nickel limited

This option is worthless if - - not exercised - no production...

  1. 9,699 Posts.
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    This option is worthless if -
    - not exercised
    - no production started so no such staff needed
    - no expectation of restart by Oct 2024 either
    - 150 rooms for say 200 staff

    yet they are DIDO workers 90% that are needed and many already live in Kalg area so why do we need that many rooms unless they are planning on more expensive FIFO workers driven to Kalg then hosted there then DIDO from there so no locals

    This would blow out costs more.
    Way cheaper to offer locals to match the gold miner rate and then DIDO from kalg of 200 staff with accom at their cost, many kalg workers work at further mines well away from the BS distance and 70% in the local super pit/gold mines which are way more deeper more dangerous and hotter.

    Given the option, I think many Kalg workers would rather work on clean nickel surface in the open pit DIDO than in an UG hot deep gold mine.
    Something management is stuck on here & a well known issue for the last 3 years hence the moving of the LJ camp dongas to BS & breach of council permits.

    Once again an excuse to stall restart. Option is just another plan unfulfilled.
    Nothing new actually.
 
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