POS 16.7% 0.4¢ poseidon nickel limited

Craig Jones our New CEO, page-18

  1. Jul
    363 Posts.
    lightbulb Created with Sketch. 36
    In my humble opinion on casflow

    dees byz appear to have only approx $70m MC (IMHO) to deal with and a FA (leicester city) chance of doing another CR.
    Shutting down the mine costs a lot - yeah u can't just leave several holes in the ground.
    Dees byz appear to have abt $6m in cash. Dis is abt 1.5 (or less) a Sydney House.

    In the meantime , perhaps (IMHO) there is a big drawdown for redundancy, cancelled contracts.

    I'd appreciate if POS mngmnt wld declare going concern position now, or on a weekly basis, or else LTSH face a claim against POS board.
 
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