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Ann: Binding Heads of Agreement for the Sale of Lake Johnston, page-93

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27/03/24

09:59

Post #: 73076990
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Originally posted by tomboy ↑

$15M is large cashflow isnt it georgie?
$3Mpa going to $10Mpa for royalties of 1.5%/0.75% from LJ is large cashflow isnt it?

When was the last time POS got $6.5M from anyone other than shareholders CRs?!
Like never.
When was the last time a $14B producer (MINRES here) agreed to manage, takeover and spend capex of $50M on POS mines and mills that wasnt loan debt or cheap CR funds ?!
Never
Last one to lend us money was AFAF in 2013 & that was paid back in full.
Last one to offer us loan debt was Trafigura allegedly $62M debt like they lent PAN and sent them under.

POS gets large cash and NO DEBT, NO POISONOUS TRAFIGURA DEBT, NO POISONOUS YANKEE JUNKBOND DEBT! POS balance sheet best its been in 13 years imho.

In comparison its large cashflow, very large.
Not as large as that $1,400,000,000 cash at bank that MINRES has
Nor $240M + 5% royalties for what they ought to have got for LJ from MINRES
LJ is worth $2,000M to MINRES, you will see, all for $15M cash and small royalty.

POS can now focus on BSwan, keep pumps going, the HPAL Plant, NP recovery and FED grant of $120M

Ill bet you MINRES & the FEDS would love to finance a HPAL plant or pCAM refinery at BSwan also like IGO was planning with dufus AFAF and PBT planned before with no skin in game.

Hence MINRES OWES POS BIG TIME !
The payback is coming.

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POS has survived and is back baby!

POS Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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Ann: Binding Heads of Agreement for the Sale of Lake Johnston, page-93

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Ann: Binding Heads of Agreement for the Sale of Lake Johnston, page-93

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