POS

12.5%

0.5¢ poseidon nickel limited

Consolidation of Nickel Producers Begin, page-192

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CashedUpBogun

8,255 Posts.

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08/12/23

17:26

Post #: 71353750
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Originally posted by tomboy: ↑

Since AFAFs disastrous overpriced takeover of MCR which has seen AFAF cowtow to his arch enemy BHP & pay them massive expenses for transport and tolling all MCR ore, Im hearing their production is nowhere near expected and costs blowing out and still losing money on production.

AFAF is bringing in his cost cutting tactics as in FMG and even FMG staff to slash costs which is peeving locals and tradies. And his talk of producing there for 50 years shows he is looking at having his own mill and cutting out BHP at some point but with loss production he is not generating profit to fund any mill so he will have to use FMG divvys to build this likely costing another $300M and 4 years like it took SIR Nova now part of IGO.

Overall a total waste of cash and money and his exwife must be laughing yet again at this cashburning folly. He hasnt learnt a damn thing from his ANL failure.

PAN production 5500tpa and POS initial production of 7500tpa as in its BFS (being only 20% of capacity) way way exceeds that of MCR production currently.

Dont be surprised if AFAF or IGO make a bid for POS to seek to complete their oligopoly control over the Oz Ni industry.

Problem is that 80% of holders have a VWAP of ~11.0 and 5.0.

Any bid below 6.0c is unlikely to succeed as we already saw with BMM in 2018.

DLF wont be there to "consider all offers" after his failure as POS Chairman & excusism for delays, directors & shareholder selldowns.

Till then it will be business as usual with more promises, more presos, more salaries for no production, more prep, more Li talk, more drilling for nothing much more and more annual CR ad infinitum.

If BHP lapdog MCR was worth $760M with NO MILL AT ALL & only 20% of POS JORC resources then POS should be also imho yet its 8% of that on market now.

Only a matter of time before the big boys move on lowly POS imho.

Expand

I think Twiggy is playing the long game with nickel and warehousing assets like Gina and Chris are with lithium

and POS will continue to stagnate like the nickel laterites around Kalgoorlie. unless the drill bit finds something new. the lithium opportunity may shed some light.

I give the new CEO 6 months and he'll piss off back to gold. gold is king.

POS Price at posting: 1.6¢ Sentiment: None Disclosure: Not Held
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Consolidation of Nickel Producers Begin, page-192

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

ASX Market Open: ASX200 to rise for Friday session | July 26

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Featured News

Buyers (Bids)

Sellers (Offers)

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Consolidation of Nickel Producers Begin, page-192

Top Stories

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

ASX Market Open: ASX200 to rise for Friday session | July 26

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Featured News

Buyers (Bids)

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Featured News