The announcement today was very BULLISH
The LJ West MH hits over 1km at higher grades than MH mine are Strong & Long.
The LJ WUU Ni hits are Strong & Long & shallow
The LJ Li prospects are Outstanding & Long 3km thus far
LJ is the jewel in the crown.
yet the market is skittish from the PAN MCR WSA BHP IGO debacles and the NP.
Yet at POS its business as usual, more good drill results, NO DEBT, lower cashburn now & less on restart works, its back to the same old stuff as the last 10 years.
Market sold down illogically but its nothing new or unexpected at all.
Market hasnt expected anything from production or offtake or the 2.2mtpa option for years now
In fact its more good news and more of the same as the last 10 years.
"Maggie Hays West prospect returns positive assay results
o Latest drill assay results confirm a strong, 1km coherent Ni-Cu-PGE regolith anomaly at Maggie Hays West. Drill results include:
o PLJA176: 36m @ 0.99% Ni, 286ppm Cu, 141ppb PGE with intervals grading up to 2.37% Ni, 624ppm Cu and 353ppb Pt+Pd o PLJA177: 21m @ 1.13% Ni, 374ppm Cu, 136ppb PGE with intervals grading up to 2.16% Ni, 425ppm Cu and 207ppb Pt+Pd
o Ni-Cu-PGE pathfinder suite a confirms an ‘embayed’ channel feature along the basal contact – a key setting where economic concentrations of nickel sulphides could potentially accumulate
o Maggie Hays West is confirmed as a compelling and exciting regional nickel sulphide target
o Final assays from the recent program testing other prospective regional targets remain outstanding, including some PGE results from Maggie Hays West
o Recent soil sampling targeting the southern area of the Western Ultramafic Unit, returned anomalous lithium values over a strike length of 3km with corresponding rubidium (Rb) and caesium (Cs) anomalism The lithium levels in the soils are similar to levels recently reported by other companies exploring for lithium bearing pegmatites in the Lake Johnston region"
POS has survived and sitting pretty with NO DEBT
$1B in assets for a song at $37M MCap, wow.
compare that to the $13B blown by the dufus big boys on warehoused black holes OZL MCR PAN WSA Noront NC1 ESR
manipulation lower continues by BMM AFAF imho.
Yet the project is the same and way better than every before imho even when it as at 11c or $500M Mcap but the big boys are forcing it lower and lower trying to collapse it like they did PAN MCR ANL MBN
Difference is POS has NO DEBT NO JUNK BONDS NO OFFTAKE with massive great assets, mines & MILLS so not obliged or beholden to anyone.
Good news sold down. Way way oversold imho.
Volume tells us bargain hunters entering here in droves & the big boys have lost fortunes & large holdings to the high net smaller guys & traders.
POS is the last Oz Ni man standing.
- Forums
- ASX - By Stock
- POS
- Ann: Exploration & Gold Tailings Update
Ann: Exploration & Gold Tailings Update, page-48
- There are more pages in this discussion • 14 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
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $22.28M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $9.907K | 1.659M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50791 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 40811505 | 71 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
61 | 41575056 | 0.005 |
46 | 33228416 | 0.004 |
22 | 21596137 | 0.003 |
15 | 18340004 | 0.002 |
10 | 15000201 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 500610 | 2 |
0.007 | 40811505 | 71 |
0.008 | 20326052 | 31 |
0.009 | 4813007 | 14 |
0.010 | 3466534 | 10 |
Last trade - 11.10am 14/06/2024 (20 minute delay) ? |
|
|||||
Last
0.6¢ |
  |
Change
0.001 ( 9.09 %) |
|||
Open | High | Low | Volume | ||
0.6¢ | 0.6¢ | 0.6¢ | 540695 | ||
Last updated 11.28am 14/06/2024 ? |
Featured News
POS (ASX) Chart |