POS 16.7% 0.5¢ poseidon nickel limited

Craig Jones our New CEO, page-20

  1. 2,362 Posts.
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    As i see it we have a 12 mth delay due to power supply.

    Who was responsible for the western power 12 -18mth delay fiasco? Was it CJ as mine manager, not clear to me.

    Windarra gold seems to be the only free cashflow option. Surely they can ship by dump truck to tolling plant and just get some cash flowing. The non decisions here show lack of direction (on purpose or simply poor management), we are not told enough to understand.

    Starting cash generation would reduce need for CR until power and metallurgy are locked in. Effectively we now have to fund 18 months of outflows until we reset the timelines to start up.

    CJ needs to tell us how he is going to do this at the AGM, otherwise it will be a short honeymoon.



 
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