POS

11.1%

0.4¢ poseidon nickel limited

Just to get this straight, you think POS should sue MinRes for...

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Marasco

273 Posts.

61

09/05/24

19:32

Post #: 73750183
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Originally posted by tomboy: ↑

LOL
Nothing new whatsoever here.
well known and great for POS to hold onto the "jewel in the crown" worth $1,000M imho.

AND ANOTHER 80M BUYING WALL appears !

Now MINRES will have no LJ Li HUB nor any LJ Li MILL just their existing Li mines with plans and deserted black holes with capex of $2,000M needed with Bald Hill stranded and the others low on reserves with NO MILLS or larger mills than LJ.
MINRES will also face a large damages claim for breach of contract for $50M inc royalty stream as no DD was done nor complied with or issued according to the papers.

The real news here is how long was MINRES plying & pushing to buy LJ or other POS assets and why did they withdraw so quickly after it went public & from pressure from whom, AFAF or BMM or MD?
WHY did they mention re-negotiate and then terminate anyway?!
Who gave them the idea that POS would go re-negotiate and WHY bother when faced with litigation for damages.
Seems to be a hidden agenda and secret collaboration here.

Did they bid for AGO the same way knowing full well AFAF then Gina wanted it instead but here they are again failing in their bids for assets worth $Bs for pennys & losing out yet again.

LJ is the jewel in the crown said the CEO DS in 2015.
Yep it sure is and MINRES dont deserve it.
POS should keep it & sue for damages imho.

As for that dump, what a looser to buy at 11.0c and sell at 0.6c, wealth destruction alright.
Buy low sell high, not vice versa!
The SP barely changed with the LJ deal so it didnt matter either way holding.

POS has many more SECRETS & OPTIONS, MINRES wasnt the only one imho,
Who else wants LJ & is big enough to pressure MINRES out of it? We will soon find out imho.

Large deal and new bid coming imho.

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Just to get this straight, you think POS should sue MinRes for damages but also state a new larger deal is coming? What would be the point of that exercise?

POS seem just lucky enough they won't have to use a no win, no fee lawyer with that extra million on the balance sheet....

Last edited by Marasco: 09/05/24

POS Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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