’Why?’
I don’t think interested parties are looking at it from a C&M perspective, they are probably looking at is from a perspective that nickel is about to run and POS is an opportunistic asset. I doubt anyone smart enough to make an asset purchase would be interest in inheriting a C&M liability as you allude to. The market is about finding future value and making forward predictions, right or wrongly.
POS imo is at an inflection as I posted quite some time ago in the chart thread, you can look for yourself where I highlighted green and verify there.
Additionally nickel price is already starting to run, which I honestly don’t like all the much because I would have liked to have seen the nail in the coffin of the BHP operation prior to running up. Therein “right or wrongly” risk. .
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $14.85M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $9.456K | 2.663M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
83 | 50307585 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 7456574 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
79 | 47433585 | 0.003 |
33 | 55696881 | 0.002 |
15 | 69478697 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 6956574 | 22 |
0.005 | 9336813 | 18 |
0.006 | 9039028 | 14 |
0.007 | 25948936 | 12 |
0.008 | 5500000 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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POS (ASX) Chart |