POS 7.69% 0.7¢ poseidon nickel limited

You're asking a question that answers itself. POS isnt...

  1. 1,202 Posts.
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    You're asking a question that answers itself. POS isnt processing the gold tailings despite having in house gold expertise... what does that tell you? Add in previous failed attempts to sell it off for peanuts and you can be fairly sure either the risk is too high, or the alleged value just isn't there. Never mind Tomboy's fantasy numbers with unachievable recoveries and unrealistic costs, the whole thing is just a distraction.
    POS is in a death spiral, cash is fast running out and barring a miraculous Ni price recovery there is little hope of getting more funding on reasonable terms. Actual revenue is nothing more than a distant fantasy at this point. Its a firesale of assets or bust as far as I can tell. Sorry if this seems doom and gloom, but if someone more rational than Tomboy can put a more positive case, I'd like to hear it.
 
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
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