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20.0%

0.6¢ poseidon nickel limited

TomMin Res owe them nothing.They gave POS breathing room with...

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Bugwan64

766 Posts.

132

12/04/24

20:34

Post #: 73323383
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Originally posted by tomboy: ↑

MINRES MCap has gone UP $1,050M since the POS LJ project purchase for a pathetic $15M cash.

MINRES has $1,400M cash at bank
The LJ project could be worth up to $4,000M to MINRES just like Nova is to IGO now.
LJ has the same size MILL as Nova 1.5MTpa
LJ has Li unlike Nova plus Ni and has 2 high grade mines at EA & AR at over 4.1% unlike Nova at 1.9% grades and dropping.

MINRES has a NI & LI HUB combined and the power and muscle to restart "turnkey" LJ fast and cheaply and make $Billions from it.

I expect a QUID PRO QUO from MINRES to POS as they realise the fortune they have made from POSs LJ assets.

POS has secured its financial future and last time NP was at 8.43 POS SP was at 4.3c not 0.6c.
The market ignores POS but didn't ignore MINRESs purchase of LJ from POS.

I expect more deals with MINRES and more cashflow from them,
MINRES OWES POS BIG TIME imho

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Tom

Min Res owe them nothing.

They gave POS breathing room with cash in the bank.

A couple of years of fees will deplete the cash and POS will be like TRY. Another TB nightmare!

POS Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last 0.6¢		Change 0.001(20.0%)		Mkt cap ! $22.28M

Open	High	Low	Value	Volume
0.5¢	0.6¢	0.5¢	$15.42K	2.828M

Buyers (Bids)

No.	Vol.	Price($)
61	40195662	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	29508987	18

View Market Depth

No.	Vol.	Price($)
61	40195662	0.005
36	28171916	0.004
22	21246137	0.003
12	16190004	0.002
10	15000201	0.001

Price($)	Vol.	No.
0.006	29508987	18
0.007	37619363	64
0.008	19125552	28
0.009	4813007	14
0.010	3266534	11

Last trade - 16.10pm 17/06/2024 (20 minute delay)


Last 0.6¢			Change 0.001 ( 5.17 %)
Open	High		Low	Volume
0.6¢	0.6¢		0.5¢	4017108
Last updated 15.59pm 17/06/2024 ?

POS (ASX) Chart

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