POS 16.7% 0.7¢ poseidon nickel limited

14k bought at 0.70c at final closing auction trade, the highest...

  1. 9,616 Posts.
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    14k bought at 0.70c at final closing auction trade,
    the highest buy all day in the last 30 seconds!
    A WHOPPING $98

    a decent chinese dinner worth.
    they couldnt wait for dinner but wanted POS shares in closing auction to steal the cappers chinese dinner instead.

    Yet the total volume ASX was only 437k worth $2.7k all day.
    You would think that they would be happy piling up these cheapies under 1.0c instead of at 3.90c which was the price of them at the same time last year.

    When NP hit 8.50 last year the SP was 4.30c.
    Its now not far from that and nothing has changed other than LJ sold for peanuts & cashflow consolidated for the next 3 years using MINRES cash at bank.
    Soon MINRES pays the $6.5M cash and starts escalating LJ capex and mining which POS couldnt or didnt do for 10 years and suddenly MINRES MCap goes up $1,000M on the LJ deal.

    Amazing how the market values LJ 1,000 times higher under MINRES instead of under POS.
    Yet this shows POS assets are way undervalued
    POS didnt burn $1,200M cash like AFAF, IGO BHP MINRES Gina did on blue sky mining
    POS has NO DEBT and $15M cash incoming next 12 months or so.

    And MINRES on top of that OWES POS BIG TIME.

    Volume tells us market is uninterested but loves MINRES taking LJ for peanuts.
    Volume tells us market sees a flooring pattern here at historic lows & waits for the big deal here.
 
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Last
0.7¢
Change
0.001(16.7%)
Mkt cap ! $25.99M
Open High Low Value Volume
0.7¢ 0.7¢ 0.6¢ $159.3K 26.45M

Buyers (Bids)

No. Vol. Price($)
34 34217573 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 32951800 66
View Market Depth
Last trade - 16.10pm 07/05/2024 (20 minute delay) ?
Last
0.6¢
  Change
0.001 ( 7.69 %)
Open High Low Volume
0.6¢ 0.7¢ 0.6¢ 2796891
Last updated 14.50pm 07/05/2024 ?
POS (ASX) Chart
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