TB, you are a real-estate agent and probably knows difference...

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sircorp

13,234 Posts.

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09/08/23

07:08

Post #: 69235261
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Originally posted by tomboy: ↑

POS at 2.5c is gonna attract a massive amount of interest imho.
The talk at diggers wasnt about POS drilling but about a suitor and how POS PAN have both collapsed so low & what are AFAF intentions with MCR IGO POS BHP now.
POS was 11.0c in only Jan 2022 now 2.3c. Must see that CEO talk it up, maybe worth a buy in here say many.

PH is focusing on more drilling now but increasing the JORC from $13B to $14B, who freeken cares?
Last time they hit 16% grades at SS and the SP went DOWN from 13c to 10c
CUB says keep drilling but what the heck for?
Sure you may find more high grade at 10% say 10kt or more low grade of 1.0% say 20kt but SO WHAT
We saw with GS which has 6kt at 4.1% the SP also went DOWN after it was discovered.

I expect fireworks to come from a suitor as this is the main game right now
PH needs a new top 1 holder to sweep away these b@ckstabbing top 3 @rseh@les once and for all.
They have singularly & deliberately collapsed the SP from 12c to 2.5c, all 3 of them.

What rich dude makes a fortune by losing himself $100M in value deliberately in POS?!
Whats the agenda, why collapse it?
Its NUTS.
Unless its a strategy to get rid of PH and bid for POS cheap then make the money on the private holding like Gina did with AGO (made $16B on $0.5B bid) or as AFAF hopes to do with MCR Noront (got buckleys, failure awaits).

Wheres Gina or MINRES when you need them to smash this game play?

Meanwhile PH will keep distracting with more and more drilling and cash burning increasing the JORC by 5% talking it up while the pundits bet on a suitor arriving cheap.

Nickel war arriving here soon imho.

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TB, you are a real-estate agent and probably knows difference between a rundown heritage listed property and an asset? In CBD a heritage listed property is a liability (costing POS $8 million a year for care and maintenance) while an empty block of land is an asset.
..
Both Windarra & Magie Hays are flooded mines (Liability worth $50 million dollars each, total $100 million liability) while Black Swan is low grade mine. If POS was a quality asset why would AF sell down his stake from 25% down to now 3%

POS Price at posting: 2.2¢ Sentiment: None Disclosure: Held
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