POS 0.00% 0.7¢ poseidon nickel limited

Yeah, my guess is that after getting DD boots on the ground to...

  1. 4,985 Posts.
    lightbulb Created with Sketch. 2241
    Yeah, my guess is that after getting DD boots on the ground to have a good look at the topside infrastructure (incl. Windy Hill camp and the air strip) the MIN reps then needed to have a 'difficult' (promoted vs. reality) conversation with the boss, CE.

    Allegedly leaving it until the last day to advise your counterparty (POS) isn't, on the face of it, a terribly good look, but I don't know what other time constraints MIN were operating under. They did need an earlier time extension, so there's that.

    According to POS, MIN aren't looking to simply walk away just yet, but are wanting to materially renegotiate. The implication there, as I read it, was that it wasn't necessarily terminal for MIN at this stage, but significantly problematic enough to warrant an argy-bargy renegotiation under threat of walking away.

    Reading between the lines, "...materially different to the agreed transaction..." sounds like MIN's suggested revised terms prolly means a revised sales price materially less than $10M. Perhaps as low as $5M, to warrant the posturing language by the POS Board.

    Just my speculation.

 
watchlist Created with Sketch. Add POS (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $25.99M
Open High Low Value Volume
0.7¢ 0.7¢ 0.6¢ $21.12K 3.318M

Buyers (Bids)

No. Vol. Price($)
31 23563228 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 16184484 47
View Market Depth
Last trade - 16.10pm 03/06/2024 (20 minute delay) ?
Last
0.6¢
  Change
0.000 ( 7.69 %)
Open High Low Volume
0.7¢ 0.7¢ 0.6¢ 2261319
Last updated 15.59pm 03/06/2024 ?
POS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.