POS 0.00% 0.4¢ poseidon nickel limited

Chart looking like its at a bottom and the MCap is the lowest in...

  1. 10,021 Posts.
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    Chart looking like its at a bottom and the MCap is the lowest in a decade.
    yet POS assets and balance sheet have never been stronger imho.

    In 2013 for example they had unsecured loan debt & Jefferies junkbonds of -$30M and cash of +$3M yet only W as an asset with NO MILLS.
    Fast forward to today-
    POS has NO DEBT
    POS has NO CN or JUNK BONDS
    POS has 3 massive MILLS and 6 prior producing MINES all built to ore bodies
    POS has the largest Ni OPEN PIT in Oz dewatered and ready to mine and produce
    POS has 2 restart ready projects at LJ & BSwan with LOW CAPEX
    POS has 3 staff camps and 3 airstrips and numerous buildings roads and toilets all built.

    This is the exact opposite of MCR PAN ESR NC1 DKM Noront OZL Cosmos FF et al.

    Only BHP & IGO have similar projects & infrastructures but BHP is shuttering theirs and AFAF has shuttered his. BHP spent $10B on OZL and now shuttered and their NWest is now shuttering also after they spent $3B losser cash upgrading their refinery and smelters, DUFUSES.
    AFAF burnt $1,300M cash on cashburning blackholes MCR Noront.
    IGO burnt $1,200M cash on WSA bid and $300M on upgrading cosmos/FF which they now also shuttered DUFUSES.

    These 3 DUFUSES (BHP AFAF IGO) have burnt $16B cash ($16,000,000,000) on these dumb cashburning black hole projects.

    POS is sitting dirt cheap pretty still drilling and business as usual with NO DEBT and NO WORRIES.
    Sooner or later its value & asset & production power will become marketable and more evident.
    Presumably when BIG BOY has taken control dirt cheap and BMM & AFAF are long gone dirt cheap.

    Till then the chart has been flatlining for 4-5 months around 0.70- 0.40c and the MCap at historic lows.
    Compelling value proposition really.
    Last edited by tomboy: 23/07/24
 
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