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!
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.85M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $201 | 50.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
79 | 42131278 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 11930661 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
79 | 42131278 | 0.004 |
33 | 33764258 | 0.003 |
17 | 28050479 | 0.002 |
17 | 24100201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 11930661 | 21 |
0.006 | 29608042 | 21 |
0.007 | 34375156 | 42 |
0.008 | 13578450 | 17 |
0.009 | 4288007 | 13 |
Last trade - 10.06am 02/07/2024 (20 minute delay) ? |
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