POS 14.3% 0.3¢ poseidon nickel limited

Ann: Near Surface Exploration Targets at Black Swan, page-7

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    So, G&A costs have been prioritised over keeping SS u/g dewatered. That's new... and precisely the opposite to the strategy employed during the last Ni Winter.

    Do any other punters remember PH's comments during last Nov's AGM around the importance of keeping the SS pumps on so as to not torch the relatively recently refurbished ladder escapement assets? I'm pretty sure that was the messaging at that time. Circumstances change, however.

    More importantly, with the addition of exploration targets to BS in this update the company is now slated for exploration across all three projects (i.e. W, BS, and LJ).

    So, on the one hand cutting costs while simultaneously signalling an intention to perform exploration across all three projects from a position of v.limited cash. It's rather conflicted messaging, imo, which feeds the cynicism around a somewhat desperate pre-CR SP pump narrative.
 
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