POS 0.00% 0.4¢ poseidon nickel limited

Black swan is a production powerhouse with highly sought after...

  1. 2,060 Posts.
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    Black swan is a production powerhouse with highly sought after nickel sulphide in a central mining location with great infrastructure & roads. It will be a toller and producer here as in the past.

    And now twiggy has spent his spare $15M on buying more FMG stock at 4 year lows plus approving a FMG $500M buyback. FMG is up sharply 15% and soon even higher.

    Twiggy should do the same with POS as with FMG & SIR:-
    - buy that extra 50M shares to 19.99%
    - launch a POS buyback using the $70M cash at bank, say $15M at 5c would reduce equity by 300M
    - this could boost the SP to 10c
    - start tolling ore at black swan & start SS high grade production at a profit
    - prove POS can produce and manage and toll
    - buy PANs northern tenement near the swan
    - drill to find a high grade world class deposit at the swans and abi rose
    (drill campaign mentioned at black swan but not started yet)

    So we know why twiggy/FMG didnt put in $40M into POS & take on ASIC, they had a buyback planned.
    So as POS sits at these lows, then why not here?

    POS can ramp their own share price rather than wasting the cash on admin & equity dilution,
    twiggy chose POS over AGO, amazing, must have big plans,


    Twiggy is the BOSS of POS!
    Last edited by Samboy69: 01/11/18
 
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