POS 0.00% 0.5¢ poseidon nickel limited

Nickel Boner Update, page-353

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    I am not part of the "herd mentality" but have seen my holding diluted by 50% and our holding (my wife's and mine) combined is several hundred thousand in the red, so I think I have cause to be highly sceptical of management, a little angry, and out of patience. 10 years of past performance by management is why our SP is crap. Yes POS has promise to be a good earner......but can our management bring it to fruition? So far we have collected a series of mines that are borderline profitable at the current price of nickel while management....of which we have a lot.... have so far not been able to come up with anything apart from mou's that have so far not turned into income producing deals. Oh....and how much in bonus money earned for each mou? We have little money left, so another CR is on the cards, just to stay afloat. We have to raise money for a restart, another CR on the cards. While appearing pessimistic, these are the realities.
    We get a signed tolling agreement with Spitfire/ Aphrodite and/or NST, a firm plan, offtake agreement and time line for SS announced to the market, then maybe the SP will improve on changed market perception.
 
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