In my humble opinion.
I like the idea of an equity partner. That would be a show of confidence, especially if the entity was the offtaker. We are told that the draft offtake contractual terms have been reviewed by POS and lawyers and are now being negotiated. More news about this and maybe a memorandum of understanding about a future contract would support confidence to a potential partner.
BS restart deferral. Despite the huge disappointment of a deferred FID decision, a worse scenario (imho) would be POS ramping up to a BS restart, drawing down a debt facility and then facing delays while having to pay off debt.
As a starter to confidence in BS restart, POS has said it is progressing with: an accommodation option for 150 people and BS metallurgy refinement (4 months).
The Western Power connection delay needs some explanation. Does the delay mean plant refurbishment is delayed to late 2024, or does it mean production is delayed to late 2024.
Labour supply also needs to be explained. POS needs to act now, if not already, to secure a future labour force.
Exploration (BS; LJ) and BS expansion projects are value enhancing. These might be of interest an offtaker who was also give an equity partner, since they might be preferred future offtakers.
- Forums
- ASX - By Stock
- POS
- Ann: Black Swan Restart & Company Update
Ann: Black Swan Restart & Company Update, page-198
-
- There are more pages in this discussion • 214 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add POS (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $18.56M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $9.661K | 2.404M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
90 | 66568063 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 16479836 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
86 | 66062563 | 0.004 |
38 | 39232259 | 0.003 |
17 | 29250475 | 0.002 |
17 | 24100201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 16379696 | 28 |
0.006 | 28529180 | 19 |
0.007 | 37026598 | 36 |
0.008 | 7029072 | 16 |
0.009 | 4338007 | 13 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
POS (ASX) Chart |