TB, the problem is that the Ni sulphide that POS has in the ground is effectively worthless at the moment, as it can't be economically mined at current Ni prices. Same most likely goes for any Li that they might find. So there's no reason to ramp POS atm.
The gold is our only hope. And water and accommodation, apparently. I don't know how the latter will keep the doors open at the current cash burn rate.
Sorry for the pessimism folks. I'm just calling it as I see it. And yes, I am a current SH.
DYOR etc etc.
TB, the problem is that the Ni sulphide that POS has in the...
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Change
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Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $8.263K | 1.684M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 36530742 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4755721 | 10 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.4¢ | 5238309 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| POS (ASX) Chart |