POS 0.00% 0.4¢ poseidon nickel limited

Hi Redback Rules,have enjoyed your quality posts on KDR and on...

  1. 121 Posts.
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    Hi Redback Rules,have enjoyed your quality posts on KDR and on here. Recently took up a position on POS at 2.1 and 1.9,happy to punt at these prices,if KDR take up their option on plant,should at least stop the necessity to raise funds to pay for staff etc which as you have pointed out should push the price to around 8cents,the other thing is with Black Swann with some editions to plant such as consentrator they could process gold from refractors left behind from gold mining and there are plenty of gold mines around this area,need around 12m for upgrade but something down the track.Drilling is ready now at the lake site and if any good results on lithium we should see things pick up.Totally agree about the nickel in batteries which people seem to have overlooked.If you look at the plant cost on the 3 mines to replace you would be looking at excess of 300m
    yet have a look at market cap,has to be a lot aof value there,worth waiting for nickel to come back up
 
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