POS 16.7% 0.4¢ poseidon nickel limited

Ann: Black Swan Restart Project Update, page-91

  1. 980 Posts.
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    2025 is, I would imagine, a long way off for many of the investors in POS (myself included) A quick synopsis of the timeline over the last two years IMO shows that this project just isn't viable and that the Co are doing whatever they can to try and turn this around.

    December 2020
    Placement $10m at 0.6c/share to accelerate towards production 2022.

    Feb 2021- July 2021
    RIU Conference- "targeting production 2022"
    Paydirt Minerals Conference " "targeting production 2022"
    Noosa Mining Conference " targeting production 2022"

    August 2021
    Placement and SPP raising $22m at 0.11c to accelerate towards production

    All the while Golden Swan is being drilled and frequently called the "Peppermint Grove " Nickel address and constant comparisons with Silver Swan

    September 2021
    New Strategy "Fill the Mill" which I have always believed was in response to the lower than anticipated MRE from Golden Swan.
    Reference to including SS tailings and BS open pit ore along with GS and SS high grade.

    October 2021
    Golden Swan MRE announced containing 6 250T indicated and inferred.
    Still targeting commissioning Dec 2022

    November 2021
    Black Swan Project Update
    Late 2022 plant commissioning.

    February 2022
    Bell Potter Unearthed Conference.
    Timelines sliding into 2023

    March 2022
    Quarterly Report
    BFS now back to September 2022
    No hope of any mining in 2022 or any idea on 2023.

    July 2022
    Black Swan MRE
    BFS on track
    " MRE underpins Fill the Mill 1.1Mtpa"

    July 2022
    Black Swan Project Update
    New pivot to now study full mill utilisation of 2.2Mtpa

    All of the above suggests the quality of the resource is the issue. Time isn't on our side, the chart is broken and so are the dreams of many holders here!

    In regards to the GOLD:

    (insert gravestone emoji here)



 
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