POS 11.1% 0.5¢ poseidon nickel limited

Very few charts look sexier than this baby, page-16

  1. 9,804 Posts.
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    Oh yes you can.
    Lets compare FMG & POS.

    FMG started construction of its mines & rail with $9B in yankee bond debt, $5M cash at bank, and a Mcap of $20M, the SP went ballistic doing a 200 bagger initially before the current SOI consol which INCREASED SOI from 30OM to 3.3B. It also had no mines or production at start & still has no processing plants.

    POS is DEBT FREE, has 2 processing plants with 3.7MTpa capacity & $15M cash at bank & no yankee CN debt overhang. POS has NO yankee debt hanging over it like FMG did which twice almost got it into default but now its a FCF machine with no net debt & $5B cash at bank.

    POS pre production is in a massively way better financial position than FMG was at 10c, FMG went on to run to $13 & made AF his $20B fortune he has today.

    now AF gets 1,800Mpa in f/f divys from FMG & has the financial capacity to turn POS as major holder into a Ni production powerhouse way larger than WSA MCR PAN combined & finally take on BHP at its own production monopoly in Nickel.
    figure out that valuation for such production potential.
 
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Last trade - 14.40pm 29/07/2024 (20 minute delay) ?
POS (ASX) Chart
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