SPOT ON CW
POS aint selling LJ now imho,
Its going to be a JV with ownership retention & large cash funding plus tolling cut
way better terms for POS as I predicted.
its value has been shown in its Li NI finds plus production and MASSIVE MILL that can toll Li & Ni for the whole region, something the MINRES CEO even stated at the time.
MINRES MCap went straight UP $1,100M in 10 days after the LJ purchase was announced
the market valued LJ at $1,100M as MINRES had the cash ($1,400M) & staff and expertise to do the job and make it produce.
Remember, POS SP has boomed 3-5 MBers last 11 years when the market realised POS was going to start production or get offtake & get funding -
2014 BOOM on BS LJ purchases & Tsingshan offtake deal signed for BSwan
2013 BOOM on BHP offtake deal signed for W
2016 BOOM on Li discoveries & MOUs signed
2018 BOOM on BMM bid at 6.0c and large funding received
2021 BOOM on GS, DD build and funding/paying off ALL DEBT
now in 2024, MINRES paid $1M so next partner will pay way more imho
POS funding using LJ Li & MILL looks certain now.
The narrative has changed entirely now
Padleys one stock portfolio wasnt at 11.0c but at 0.50c looks like.
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Mkt cap ! $12.54M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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Price($) | Vol. | No. |
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31 | 59863052 | 0.002 |
22 | 92592753 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 52411234 | 28 |
0.005 | 37590091 | 21 |
0.006 | 8998000 | 12 |
0.007 | 8518277 | 9 |
0.008 | 1800000 | 1 |
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