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20.0%

0.4¢ poseidon nickel limited

...I can't see good old POS trying to tap certain sophisticated...

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georgeaux

10,756 Posts.

493

08/06/24

17:00

Post #: 74230971
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Originally posted by zebster ↑

So business as usual for ol' TB, eh? What a surprise (not). It's a salient lesson in not skipping meds and certainly not self-medicating.

Meanwhile, the recent mini-panic in Ni circles around potential supply interruptions re- New Caledonia has now abated with spot Ni having fallen back to US$8.07/lb last night. It may very well go lower in the ST, but I don't expect anything like the sort of (avg.) pricing that was prevalent during the last Ni Winter. Still, nothing in sight to provide any solace to POS hopefuls, Ni-wise.

Also, keep an eye out for the outcome of RTR's (PH's new FT gig) current discounted SPP raising. The 'word on the decline' is that holders are getting phone calls from the brokers -- presumably in an effort to rustle-up some interest. It seems to be playing out as expected. We'll see. I mention it here because it will likely provide some current (non-theoretical) intel around the market's current appetite for giving fresh funds to a company that seems to have disappointed a fair few of its SH base in recent times. There are parallels which may (will) have implications for POS' near-term raising.

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...I can't see good old POS trying to tap certain sophisticated investors once again...those bridges have been nuked...

POS Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.4¢		Change -0.001(20.0%)		Mkt cap ! $14.85M

Open	High	Low	Value	Volume
0.5¢	0.6¢	0.4¢	$154.4K	31.08M

Buyers (Bids)

No.	Vol.	Price($)
45	25237806	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	8947379	8

View Market Depth

No.	Vol.	Price($)
4	629895	0.005
57	32399859	0.004
27	22752259	0.003
14	15250479	0.002
13	15300201	0.001

Price($)	Vol.	No.
0.004	479349	3
0.005	11405712	11
0.006	32793002	31
0.007	40577813	54
0.008	13608450	19

Last trade - 16.10pm 24/06/2024 (20 minute delay)

POS (ASX) Chart