I don't believe the info provided to you by the company (same when I said that I did not believe PH when he told me by email that the 1.1mtpa BFS was on track for end of Sep 22 - too many broken promises from the company, no disrespect to PH). My reasoning is that if the information provided in countless company announcements over the years, be it in terms of strategy being pursued and timelines these will be achieved in, have been wrong, then I look at the information they provided to you with the utmost suspicion. I seem to remember that at last year's AGM, someone who attended the AGM made a recording and posted it on POS threads. The company was quick to take it down, citing privacy issues. If I remember correctly, there were talks of the company looking into allowing people to follow this year's AGM online. My thinking is that they do not want to allow people to follow this year's AGM online as they don't want to make a rod for their own backs. They have been so pathetic that it is beyond belief. The tanking of the sp proves this. The only thing they have done well is to increase their pay packet. Their additional remuneration comes at our expense and another CR will be due soon.
A few days ago, I showed how a board member of another company was voted out at their AGM. I think that when board members get booted out of boards by SHs, it is more difficult for them to find a similar position elsewhere as other companies are weary of having these kind of people on their board. Their major SHs will not like it. With this in mind, I have decided that enough is enough and I voted against all of this year's AGM bar the last one, which I left at the company's discretion. I felt that, after almost a decade of accepting that broken promises (promises is a way of talking; more correctly plans to production and timelines) on the part of the company were ok, it was time to act and get rid of the dead wood. Instead of just coming on HC to vent my frustration and disappointment on the constant company's underperformance non-performance, I have decided to act. POS SH register consists mostly of mum and dad investors. It is time for all of us to accomplish our duty. We need to get rid of the underperforming board members as far as I am concerned. Each to their own. I am not telling or asking anyone to vote the same as me. This decision lies in the hands of each and every SH. Some people seem to think that it is their God given right just to be on a board and not deliver anything except preparing for the next CR. This situation must have driven many people to despair.
I am a genuine LT investor. i am not here to play the game of downrampers. Nor am I going to be frightened by posters very close to or working for the company, who under the guise of uprampers will ask me to sell. I am here simply to give a honest explanation of how I view POS Management's performance non-performance. I AM STILL HOPING AGANIST ALL HOPE THAT POS WILL DELIVER ONE DAY. I AM SO DEEP IN THE RED THAT IT DOES NOT MAKE SENSE FOR ME TO SELL AT THIS STAGE. WHAT A PITY !!!!! A COMPANY WITH SO MUCH POTENTIAL !!!!!!
I hope that this post is not moderated as I have a feeling that people close to management will try their utmost to take it down. This post is as factual as possible. So, I hope that common sense will prevail. The company has been labelling POS as a near term producer for close to a decade and in that time, a few junior explorers who were supposedly less advanced than us have gone into production. The company is still saying we are a near term producer. I suppose it all comes down to their definition of near term and ours. Even ESR have jumped ahead of the queue. Well done to them.
Anyway, I continue to support POS. GO POS.
How I would like it if the company makes me eat humble pie. That would mean that a positive FID has been released and the sp is in overdrive.
(20min delay)