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16.7%

0.4¢ poseidon nickel limited

Zeb, Thankyou for the courtesy of your reply to my...

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wollumbinia

1,591 Posts.

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05/04/24

00:21

Post #: 73197736
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Originally posted by zebster: ↑

Woll, For me, subject to the deal sucessfully completing, the company is likely to muddle along for the next ~24 months with the wad from this deal, per my reduced cash burn estimate. It all depends on how you define your highly technical term (lol). Near-term VA? Prolly not right now. But where are the uplift catalysts during that time frame when the proceeds are highly likely to be fully consumed during that time on G&A in a WA Ni environment that is going to be hobbled for an extended period? Hence the previous Zomby reference.
There is scope for some school fee pip trading for those who are so inclined, and you can see them crowding each other out right now. But when all is said and done, when you sell assets to fund consumption without generating any revenue, you don't need to be a rocket scientist to understand where that eventually leads. In short: Continued wealth destruction via a number of different possible forms.
The closer you get to zero, the greater the hurdles and level of perfection/luck in execution required to recover from it.

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Zeb, Thankyou for the courtesy of your reply to my question.....as always sensible and to the point, best wishes, Woll

POS Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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Last 0.4¢		Change 0.001(16.7%)		Mkt cap ! $14.63M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$1.2K	321.4K

Buyers (Bids)

No.	Vol.	Price($)
110	83593744	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	48523605	40

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No.	Vol.	Price($)
110	83593744	0.003
35	48754236	0.002
17	45412753	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	48523605	40
0.005	39333412	22
0.006	8789000	11
0.007	8892776	10
0.008	1800000	1

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