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7.14%

0.7¢ poseidon nickel limited

thanks DDBBThe one thing that I don't like about Pos is the 3...

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252 Posts.

46

16/01/22

11:28

Post #: 58896007
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Originally posted by DDBB: ↑

Hey Trop, second guessing monsieur Twiggy is a hard one. Always a reason someone sells, who knows?

You ask iIs this as good as it gets - well, you be the judge. If Panoramic Resources has a share price of 27c and going north as they produce, with a smaller and diminishing resource, and higher productions costs, then what conclusions would you make about POS ? They are the closest to us in the market.

We have just hit unbelievable grades of over 10% Ni which is almost unheard of these days with further conductors/targets at depth below these great grades and more laterally that haven't been hit yet.

Look at Ardea Resources. Just hit Ni grades of 5% and has gone from 50 to 75c !! Don't even have infrastructure. Gonna cost $300-400m to build.

So, make your own judgement. IMHO this is a cheap stock that will surprise to the upside this year. Patience is a virtue. Rome was not built in a day !

Cheers

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thanks DDBB

The one thing that I don't like about Pos is the 3 billion plus shares on issue

but that your point at a market cap of 321 million appears to be good value when compared with other "advanced" emerging nickel producers

POS Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 0.7¢		Change -0.001(7.14%)		Mkt cap ! $24.13M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$6.041K	885.0K

Buyers (Bids)

No.	Vol.	Price($)
28	22337792	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	23024860	54

View Market Depth

No.	Vol.	Price($)
27	22171126	0.006
41	31179202	0.005
56	42434213	0.004
23	28020227	0.003
14	13360000	0.002

Price($)	Vol.	No.
0.007	23024860	54
0.008	21438152	36
0.009	5716340	18
0.010	3605442	12
0.011	1627444	4

Last trade - 13.41pm 30/05/2024 (20 minute delay)


Last 0.7¢			Change -0.001 ( 1.56 %)
Open	High		Low	Volume
0.7¢	0.7¢		0.6¢	1037413
Last updated 13.16pm 30/05/2024 ?

POS (ASX) Chart

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