POS 16.7% 0.5¢ poseidon nickel limited

LJ - a Jewel in the Crown, page-83

  1. 9,746 Posts.
    lightbulb Created with Sketch. 4202
    Many months ago I called that POS team will end up working for shares as they did in the past and those who wont will leave, so the leaving of PH and CJ as paid CEOs saves POS cash expenses of $850,000 pa
    I was SPOT ON!

    That money can now be used to jeep pumps on, rent, electricity and C&M costs on site.

    With the $1M for the LJ deposit from MIN plus the $0.5M for the water deposit from GMD plus the $2M at bank now there will be plenty of cash till the $15M settlement of LHJ due by 30 June 2024.

    Remember MST Access estimated POS would have a $62M debt loan by 30 June 2024
    instead POS got NO DEBT NO OFFTAKE NO LJ plus $16M cash at bank

    CJ & PH didnt want to work for shares looks like, so sayonara.

    But this LJ deal is a smackdown of BMM & AFAF who were pining for LJ for nothing
    Also it leaves GMD & MIN as big debtors to POS for this goodwill much like IGO owes AFAF for flipping WSA (curse him now for it) and like Gina owes AFAF for AGO flip for her $20B windfall.

    My call of a big boy investing here like MIN & GMD looks SPOT ON!
    The death card was never in the pack, I was SPOT ON on that too.

    POS its business as usual, salaries & C&M & BS restart talk till NOP rises carries on to infinity.
    POS will be a trading stock like always looks like, up and down.

    Investors and traders who HELD LONG HELD STRONG were SPOT ON TOO!
 
watchlist Created with Sketch. Add POS (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
-0.001(16.7%)
Mkt cap ! $18.56M
Open High Low Value Volume
0.5¢ 0.6¢ 0.5¢ $72.21K 14.43M

Buyers (Bids)

No. Vol. Price($)
45 20637007 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 35270472 31
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
POS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.