POS 50.0% 0.6¢ poseidon nickel limited

Where is the V Whipsaw? Do you think Itchi is watching the...

  1. 950 Posts.
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    Where is the V Whipsaw? Do you think Itchi is watching the volume ?

    What an F'ing disaster. POS is crippled. Indo supply into 2024 and probs 2025 will mean the spot price of Ni remains where it is today. Where to from here?

    • 6 more days to release the pre feasibility on the 2.2 Mtpa.....Any bets on it being late?
    • The Li is a distraction and a Hail Mary..... Maybe they will find REE next !
    • Need money and a lot of it to get serious about drilling- This is the only way POS can recover -by the drill bit. Sadly they will be raising in early 2024 at such low prices the raise probably gets them through to the next quarter and will pay staff costs but barely scratches together a sub optimal drilling program.
    • Shutting down everything is a real possibility.

    Pretty clear now instead wasting time, money and energy on the gold, appearances at every investor showcase across Australia, paying for sponsored MST reports and betting the house on Fill the Mill the Co . They should have canned all that and had the courage to use what ever funds they had (and subsequently raised) to continue drilling around the Southern Terrace, LJ and even Windarra. Nothing re-rates a mining Co better than a tier quality greenfield/brownfield discovery.

    When I told my wife that I sold our POS shares back in 2022 at 0.045c she told me I was a f'ing idiot.....I told her today POS is now 0.09c.She said I was really smart to sell back at 0.045c!
 
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Last trade - 16.10pm 17/05/2024 (20 minute delay) ?
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