Sadly PH or no PH, POS Failed Re-Start Saga continues. Seems largest shareholder feel that let POS burn Mum & Dad money before they put hand in their pocket. Peter Harold joined POS in 2020.
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Andrew Forest knows Foreign Investment law does not allow BMM(I think Black Widow has left BMM already) hence AF can sit on sideline and watch mum & dad burning their money from sideline.
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1) First in 2014 POS wanted to restart Windarra Mine, blew $100s of million dollars, signed a deal with BHP for ore processing then abandoned the project. (Picture attached)
2) Then again in 2018 (much before PH joined POS, PH Joined POS in 2020 only), POS declared to restart in 2019 then abandoned the plan.
3) 2022 Plan Delayed
3) 2023 FID delayed
4) 2024(?) Power to site delayed
5) 2025 Dog eat the entire home work ?
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Below is picture how POS blew 100 plus million on Windarra then Abandoned.
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Fair Valuation of POS (Poseidon Nickel), page-30
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