POS has done well to secure these assets but biggest is not always the best ,its all about making money and to operate these 3 all at the same time i think POS will struggle and to be fair most companies would so at the moment they have 3 large cost centres windarra , blackswan and lake johnston .. POS needs to strip back ,sell off and consolidate these projects .
windarra needs a mill how much ??$30million maybe more thats a rough guess.
blackswan needs another $10mill on the mill and another $10-20mil to fix the pit up and lets not forget that the pit is talc carbonate (recovery is about 60%) unless they can get the technology of BHP to increase recoveries and serpentine ore recovery 77%
lake johsnton has a short mine life (18 months) at present but a good mill but needs love so maybe another $10mill there.
And throw all that ground they have into the mix which needs exploration/rents and rates to keep it in good standing so another few million , this is on top of there laverton farm in which they need to spend $2.7mil over 3 years
Each project has pros and cons and maybe a con from one project could be a pro for another, so these millions are starting to add up now and i think POS needs to consolidate ,they only have $4mil in the bank and they have just spent $2.5million buying blackswan and lake johnston
Before the re-rating happens maybe the market is waiting for direction on what they intend to do with all this liability ............., thats my view on it anyway
But i could be wrong about all this too.
Anotonswig ..any thoughts on my view you seem very fond of POS![]()
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Mkt cap ! $14.85M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $11.98K | 2.703M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
81 | 66023700 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 6162318 | 18 |
View Market Depth
No. | Vol. | Price($) |
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81 | 66023700 | 0.004 |
36 | 31782592 | 0.003 |
17 | 27500475 | 0.002 |
16 | 21700201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 6162318 | 18 |
0.006 | 27948805 | 15 |
0.007 | 35769798 | 30 |
0.008 | 5663486 | 13 |
0.009 | 3335055 | 10 |
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