POS 12.5% 0.5¢ poseidon nickel limited

Pip traders and Capital Raising

  1. 1,878 Posts.
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    POS is now a 2 pips traders stock if lucky. If something significant doesn't happen in a reasonable time frame we will not survive.

    The pip trading of POS is favouring the downside. Unless the decline can be arrested it's heading for 0.001

    The imminent capital raising announcement obviously needs some catalyst. If holders are to give management more cash for more shares priced as worthless I'm not interested. The overall market has priced POS for failure. The history of the market correctly pricing dog stocks that subsequently fail is in the high 90 percent range. Is POS in the 2% to 3% range that can turn their titanic trend around and become successful ??

    At a minimum, management will need to participate in any forthcoming cash raising taking their full allocation of shares if they expect some capital raising success.

    I do not know if management care anymore about any possible future success for the business or shareholders. Is it just about their salaries and for how long for. If management do not participate in a future capital raising there message of failure will be loud and clear. Therefore they need to make an announcement before any capital raising stating the taking up of their full allocations.

    No more airy fairy flowery announcements about how promising the future is. Every single person that has any interest in POS has woken up to that and it gives a negative effect.

    DO SOMETHING THAT MEANS SOMETHING !




 
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Last
0.5¢
Change
0.001(12.5%)
Mkt cap ! $16.71M
Open High Low Value Volume
0.4¢ 0.5¢ 0.4¢ $496 122.8K

Buyers (Bids)

No. Vol. Price($)
78 43397867 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 12821088 24
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Last trade - 14.18pm 03/07/2024 (20 minute delay) ?
POS (ASX) Chart
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