POS

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0.5¢ poseidon nickel limited

Yipee! Now likely I'll be down only 75% after some 10 years. I...

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Kutyak

1,008 Posts.

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18/03/24

09:30

Post #: 72934053
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Originally posted by tomboy ↑

ASX volume all day friday was under 700k
thats a whopping $5.3k

and once again at close a small buy under $1k in auction to go to 0.80c yet again

And once again less than 99.99% of holders are NOT selling or trading down here at 30 year lows
any loosing capitulaters have sold out by now on the way down

Now its flatlined and no real sellers left formed a classic flooring pattern & its still way below 1.80c when the NP last was over 8.00.
Expect fireworks by 30 June,
My prediction is that they wait for the big boy to commit cash at 10-19% with a director & future support after more great news with NP above 8-9.

The SP is this low as market wrongly thinks POS is like indebted offtaked PAN and will do a cheap CR again & shutter, problem is POS has NO DEBT NO CREDITORS NO OFFTAKE NO LOSS MAKING PRODUCTION unlike PAN MCR WSA

POS has a clean balance sheet NO DEBT, all cash and its only liabilities are the staff/directors future salary which as we saw in 2015-2019 was issued in shares not cash.
They can go all shares again like before and engage Pershing or Morgans to churn the shares like before no sweat.

13 years of heavily oversubscribed CRs here.
Perfect timing for big boy or MD to be revealed and to sweep out backstabbers BMM AFAF Citi once and for all, they aint going to like it, but they had their $15M - $1,200M chances and crazily stuffed it on black holes in Lanfranchi, MCR Noront instead of good ole reliable cheap mass producer in waiting, POS.

POS is the last man standing in the Oz Ni industry not burnt through $1,200M cash on MCR Noront or WSA or $11,000M cash like BHP on OZL.

Macquarie boyz only got IGO and POS left to ramp imho.
And they did great 10 -100 x MBer jobs at WSA MCR SIR didnt they?
Its business as usual imho.

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Yipee! Now likely I'll be down only 75% after some 10 years.
I knew things wasn't completely hopeless. Woof woof.
Kutyak

POS Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $21.01M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.4¢	$20.95K	4.192M

Buyers (Bids)

No.	Vol.	Price($)
66	64713594	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	963797	4

View Market Depth

No.	Vol.	Price($)
65	64471594	0.004
69	44138004	0.003
19	45427935	0.002
12	32778647	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	924071	3
0.006	34396433	35
0.007	5102781	18
0.008	3228468	8
0.009	98928	2

Last trade - 15.24pm 08/11/2024 (20 minute delay)

POS (ASX) Chart

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