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)
- Forums
- ASX - By Stock
- POS
- Ann: Black Swan Restart Project Update
Ann: Black Swan Restart Project Update, page-91
-
- There are more pages in this discussion • 180 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
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $12.61M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $37.74K | 10.75M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
115 | 80906859 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 62123539 | 48 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
109 | 78543526 | 0.003 |
37 | 66907847 | 0.002 |
14 | 33978697 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 61701706 | 46 |
0.005 | 29283966 | 20 |
0.006 | 8138997 | 9 |
0.007 | 1690120 | 8 |
0.008 | 1800000 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
POS (ASX) Chart |