POS is fully funded to get Windarra up and running and LJ....
The last 18c CR in 2 tranches acquired the money for that... (supposively)
Further funding may come from some small debt for working capital...
Wouldn't believe most broker reports as they can hold incorrect info. and figures...
This statement refers to LJ... Final DFS is in 4 weeks as new data and resource increases will be added.
Windarra could start tomorrow, LJ is already apparently processing ore as the refurb on that has been done...
Offtakes need finalising within 3 months then they can start selling it for early cash flow...
" Financing progress: POS has the financing required to start the Windarra operation. Lake Johnston only requires working capital financing as the capex requirements have already been covered. However, POS will need the final DFS to be completed prior to finalising funding arrangements. A completed offtake agreement will also be taken positively be debt providers. "Poseidon Nickel Ltd (POS), $0.12, Speculative Buy, Valuation: $0.62
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POS is fully funded to get Windarra up and running and LJ.......
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