takeover target, page-18

Geoviz POS WILL NOT PRODUCE MATTE OR METAL. Their current projects would not support that level of investment - $billions.

POS is talked about on this site as if it were a big fish. It is a nickel minnow and will battle to stay afloat like most other small mining players as the going gets tougher.

As far as cash in the bank is concerned POS got a deposit payment from Harbenger. POS shareholder approval is needed for the ballance of the funds. I expect that if the markets have not consolidated by the time of any GM, Harbenger will pull out of the ballance of the deal.

POS is not cashed up to the point of being bullet proof.

I read of see a suggestion of a ramp up in exploration. How can this idea hold up when these blokes were to have 6 drilling rigs on site a year ago and the best they've done is two?

The other suggestion that pissy little POS will be looking for takeover targets in this environment - someone is dreaming.

And the big picture project stuff put forward by POS - its only to keep the State from calling them to task for not delivering on their State Agreement obligations.