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.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.81M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $5.305K | 1.512M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
129 | 93163388 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 50269224 | 51 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
126 | 90113388 | 0.003 |
36 | 66302490 | 0.002 |
18 | 35412754 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 50269224 | 51 |
0.005 | 29389841 | 22 |
0.006 | 7638997 | 9 |
0.007 | 2096548 | 9 |
0.008 | 1800000 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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POS (ASX) Chart |