I find it hard to comprehend the hype and hysteria associated with this stock and the number of investors it has attracted - it's the same hysteria that attracted punters to this stock in 1969 when it's share price rose from $1.20 then reaching a peak of $280.00 before it's collapse in 1970. Nothing has changed, it still has the same low grade ore - the only difference being the "great" Twiggy Forrest at the helm. Well he isn't god as some may think, he can't change low grade ore into high grade. My advice to POS followers is to cut your losses and invest in a Tasmanian nickel producer called Allegiance Mining - AGM. They have confirmed nickel resources of 158,000 tonnes with 3 ongoing drilling operations in this nickel province. Jinchuan Nickel in China have already signed a $3 Billion US offtake agreement and production to start in Q1 2008 at 8500 TPA which can be expanded to 17000 TPA. With it's share price at 60.5 cents today, you can't go wrong,
cheers,
Ray.
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