POS 14.3% 0.3¢ poseidon nickel limited

(Postscript)It just occurred to me that, somewhat perversely and...

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    (Postscript)
    It just occurred to me that, somewhat perversely and ironically, there stull remains a slightly better than 50% chance, imo, that management may need to tap the market for the remaining available 200-210m available new issuance headroom prior to Completion.
    Why?

    They can bank $1M right now, taking the updated current cash balance to ~$2.4M. Setting aside ~$1M-ish as a min. cash float buffer leaves ~$1.4M free cash available runway to last between now and Completion, which will occur sometime AFTER, say, the next 60-90 days(?), remembering that the first 30-ish days will be consumed in finalising the formal sale agreement.

    It'll be tight.

    In fairness, if push came to shove and POS"s liquidity got squeezd too much, there's probably a decent chance that CE at MIN would(?) come to the party and assist with a small ST bridging loan in order to protect the viability of his outstanding basement bargain deal.

 
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