Putting the Nickel price to one side for a moment (POS is not a producer, or even close to being one, if the PoN doubled tomorrow it wouldn't provide POS a single cent of revenue).
Now a few questions:
How much cash does POS have left?
What is their current rate of cash burn?
What are their options to raise capital?
By my back of the envelope calculation they don't appear to have enough cash to get them to the end of FY (even that's being generous). Capital raise options are dire: Asset firesale, debt on horrendous terms, dilutative share issue at fractions of a cent.
There's just no investment case here beyond hope.
Putting the Nickel price to one side for a moment (POS is not a...
Add POS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.001(7.69%) |
Mkt cap ! $25.99M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $26.12K | 4.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 72 | 56538951 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 24725096 | 52 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.7¢ |
Change
0.001 ( 8.33 %) |
||||
| Open | High | Low | Volume | ||
| 0.6¢ | 0.7¢ | 0.6¢ | 1601919 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| POS (ASX) Chart |