Volume, page-2315

hey d#mb@rse, look at the volume,
last 9 days total volume traded here is over 180M

We know who the sellers are but WHO are all these BUYERS ??
WHO has built that onscreen bidding WALL up of 60M volume yet again ?

In Jan 2024 some 250M volume was taken at 0.80c VWAP
In Dec 2023 some 300M volume was taken at 1.30c VWAP
In July 2023 some 250M volume was taken at 4.30c VWAP

On my maths over 1.2B volume has changed hands the last 6 months at under 1.0c
Thats a whopping 33% of all SOI yet no 5% sub holder notice issued.
Yet Dolefin & BNP only own 1% -4% apparently.


We know whose wealth was mostly destroyed here,
BMM AFAF Citi Deitch PH CI Tudehope & Padley
We know who will make a fortune here also once the turnaround begins and big boy is revealed & the old crew return to take control yet again sweeping out these caretakers.
The volume tells us these new holders will want a gain not loss and are willing to BUY BUY BUY down here & continue to do so.

POS has survived on the smell of an oily rag in the past when NP was 3.50 holding high rate junk bonds & AFAF debt of $60M & cash was only $1M.

Now POS has NO DEBT NO JUNKBONDS & NP is 8.64 more than double and its assets & MILLS plus open pit & JORC now way better higher grade and larger than ever before.
Now we got LJ back at that whopping 13km of strike length at WUU too plus that AR mine which is a FFox but horizontal according to LEGEND GEO NH worth $1B imho.
The LJ MILL & MINE alone would cost $600M to build over 4 years as IGO/SIR found when they built Nova nearby.

Plus POS didnt lose a whopping $14,000M cash like dufus big boys BHP AFAF IGO MCR PAN on black hole Ni mines, it kept its cash and all its assets intact and better than ever before.

And the NP is higher than it was when MCR PAN WSA Ravensthorpe all got shuttered.
Its a value play on Ni rebound yet ignores the NP.

POS is the last aussie Ni man standing on the ASX imho (bar IGO).