POS 7.69% 0.7¢ poseidon nickel limited

Not convinced by the reasons top defer the operations

  1. 1,909 Posts.
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    Business is always about offer/demand/inventory/productioncost/grossmargin/forecast/businesstrend/confidence/businessclimatindex
    Nickel price is currently trading between 9.5-10usd/lb
    Inventory: Very low
    Our cost1 is about 5Usdlb (very conservative)

    Regarding POS i don't see any strong reason ( may be grid power) to defer it and to kill our ambition and beliefs
    Now, we all know when to defer something. Share price is smashed. Offatker/investor may have known about it.We may see the news holders!
    If the operations are between mid and end of 2024.we can expect our sp to sink! Give me a reason it won't!
    We will need cashflow to increase nickel contained nickel resource. Each quarter costs us about 4 million$
    Selling assets is never a good sign to send to shareholders! It can be in a long term

    I really doubt about our future. I 'm losing confidence about our real value ( facilities, mills, nickel contained resource)
    I'm scracthing my head! How can we survive ?

    I' asking all LTH to stop lying to ourseleves. Since 2007 to August 1, 2023 - We have failed. Without equity via capital raising; we will all be in jail.

    Fredy
 
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Mkt cap ! $25.99M
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0.6¢ 0.7¢ 0.6¢ $26.12K 4.300M

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72 56538951 0.6¢
 

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Price($) Vol. No.
0.7¢ 24725096 52
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
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Last updated 15.59pm 03/05/2024 ?
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