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POS 4.0¢

Question

  1. Silax89

    138 Posts.
    1
    Dear fellow POS chaps,

    Question.

    Has anybody read the new broker report prepared by DJ Carmichael, written by Paul Adams (Date: 29/01/2015)?

    In the 'Key Points' under the fourth heading he mentions "....POS has the financing required to start the Windarra operation... However, POS will need the final DFS to be completed prior to finalising funding arrangements. A completed offtake agreement will also be taken positively be debt providers."

    Does this mean the Company has secured its US$200,000,000 to go ahead with development of Windarra?
    Or does this mean it needs to finalise the DFS for Windarra? surely that was finalised before and it is referring to LS'feasibility?

    The one page 'flash note' can be found on the POS website under Broker Research.
    http://www.poseidon-nickel.com.au/UserDir/Documents/Retail Flashnote_POS_290115.pdf

    Surely this must be a typo correct?

    I assume the next step with POS is to obtain funding for Windarra, get it up and running... meanwhile prepare and delineate fully BS and LJ resources, and finally commence production from using internal revenue earned from Windarra?

    Silax

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