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0.4¢ poseidon nickel limited

Ann: Entitlement Offer to Accelerate Exploration Activities, page-20

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FlightTime

1,304 Posts.

292

01/08/24

13:34

Post #: 75026620
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Originally posted by zebster: ↑

I just can't see them getting away anywhere near, say, 50% of what they're asking. RTR's June EO could only manage 35%! I'm assuming the POS Board is acutely aware of the challenge and have very likely super-sized the offer to get whatever the market will give.

Talk about throwing good money after bad. Instead of winding the company back to a basic skeleton cost structure it's turning into a case study in value destruction. And there's still dumb money sitting on the bid at 0.4c. We'll see how long that lasts.

I feel like the guy who broke his leg after jumping off the train 1/2 a mile back who is now sitting on the berm watching a high-torque low-speed derailment.

Cheers,
Z

PS. Check that free oppie count. The freebies will only be 1 for every 3 entitlements accepted. In any case, just more potential dilution on top of dilution, just to make the train wreck a little more interesting.

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Meanwhile you-know-who will be up the front tooting the horn and shouting, 'All aboard!", as the train rolls down the embankment into a river...

POS Price at posting: 0.5¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $16.81M

Open	High	Low	Value	Volume
0.3¢	0.4¢	0.3¢	$17.82K	4.544M

Buyers (Bids)

No.	Vol.	Price($)
118	96772660	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	44024807	51

View Market Depth

No.	Vol.	Price($)
118	96772660	0.003
33	57325990	0.002
17	34412754	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	44024807	51
0.005	29088058	19
0.006	8516341	10
0.007	1644708	7
0.008	1800000	1

Last trade - 16.10pm 10/10/2024 (20 minute delay)

POS (ASX) Chart

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