POS 0.00% 0.4¢ poseidon nickel limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-51

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    lightbulb Created with Sketch. 2244
    Good question, G.

    The quarterly contained the following laguage:

    "The Company is running a number of concurrent processes on various assets to raise funds. If these initiatives are not successful the Company may consider seeking new equity via a capital raising."

    I think the term "concurrent processes on various assets to raise funds" is doublespeak for "everything is up for grabs". On that basis I think the first one to go would be the first one they can get away (that can have some meaningful early cash attached).

    From a marketing perspective I imagine that LJ, incl. the new farm-in Li ground, might be the most appealing, relatively speaking, for its better prospectivity and lower C&M cost burden.

 
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