POS 0.00% 0.4¢ poseidon nickel limited

Volume, page-611

  1. Jul
    363 Posts.
    lightbulb Created with Sketch. 36
    imho, a firm offtake agreement, or a sign of one will lift the share price. That would be a signal of confidence in future production.

    i'd like to see the offtaker take some equity interest as well. This may also reduce downward pressure on price caused in part, by expectations of a future capital raise in equity from current holders.

    I expect such an agreement needs to be finalised prior to a board decision to commence production. This is due mid - calendar 2022.

    Meanwhile the SP seems to be capped for no apparent reason. This is consistent with no information leaks from potential offtaker's.
    Just my guess.
 
watchlist Created with Sketch. Add POS (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $14.85M
Open High Low Value Volume
0.5¢ 0.5¢ 0.4¢ $2.935K 637.6K

Buyers (Bids)

No. Vol. Price($)
94 65960352 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 18994182 38
View Market Depth
Last trade - 16.10pm 17/07/2024 (20 minute delay) ?
POS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.