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0.4¢ poseidon nickel limited

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

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wollumbinia

1,597 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 0.000(0.00%)		Mkt cap ! $16.81M

Open	High	Low	Value	Volume
0.3¢	0.4¢	0.3¢	$17.82K	4.544M

Buyers (Bids)

No.	Vol.	Price($)
118	96772660	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	44024807	51

View Market Depth

No.	Vol.	Price($)
118	96772660	0.003
33	57325990	0.002
17	34412754	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	44024807	51
0.005	29088058	19
0.006	8516341	10
0.007	1644708	7
0.008	1800000	1

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