POS 25.0% 0.3¢ poseidon nickel limited

Ann: Half Yearly Report and Accounts, page-19

  1. 94 Posts.
    lightbulb Created with Sketch. 48
    Hey Sydneyguy, yeah the asset side was interesting. plant and equipment down to $24.5m. I'm assuming that doesn't represent the $250m+ replacement valuation PH told us they were both worth 12 months ago. And why invest $60m in a variable speed drive if they are worth bugger all according to the balance sheet? I'm no accountant but something doesn't seem right.
 
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