POS 0.00% 0.4¢ poseidon nickel limited

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  1. 5,121 Posts.
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    I wish I could say with confidence that the PTA (Precision Trough Anomaly) will hold.

    Breaching 3c is a worry. If this keeps up it will mean ever increasing numbers of shares to be issued just to maintain the same dollar value raised. And by offloading them into the secondary market, Pershing is only compounding the problem by crowding out supply and pushing the SP lower. Put simply, the dilution will ACCELERATE. That said, the headwaters of our problems are clearly all with POS management.

    The stress levels in Churchill Court must be palpable. If they aren't, then they bloody-well should be!

    Let's hope sentiment in global equities markets doesn't suffer any meaningful setbacks before the KDR plan plays out. Otherwise, it's all over.

    In the meantime, 3B's will prolly now revert to a monthly cycle for the time being...
 
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