POS 0.00% 0.4¢ poseidon nickel limited

Gold Boner Update, page-94

  1. 1,887 Posts.
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    The persistent stream of exploratory announcements which has been going on for well over 15 years says it all.

    When Twiggy starting selling down was a pretty obvious sign of the future. I felt at the time it didn't look good but did nothing.

    If you bought in re -Twiggy why do you not sell out when he does. Stupidity that's why.

    Management keep pumping out these insulting announcements with no intention of actually making any money with what they're saying is definitely insulting to ordinary shareholders. I suspect there's many shareholders like me think these announcements are for suitors, not shareholders.

    It will be interesting to see if some of the Top20 attend the AGM and lose it with management. After backing the company they're in the box seat to lose a lot of money.

    As far as any suitors, why would a buyer take the company now when they can take it after administration for a value less than one tenth of one cent. Anyway were nearly at 0.001c just another 2 pips down and bingo we can't go any lower as a listed company. Thank you management for all those numerous announcements over many years that I was so gullible to read.

    Anyway it looks like management have done their last capital raising. I didn't participate in this last one at 0.003c. I'm a slow learner.

    I think many of us now just want to see a result no matter how bad or ugly it will be. I'm sick of having this vain hope that a miracle might happen with POS being the one company in one thousand companies who can rise up from the dead and make something of worth after all.

    My holding was worth something. I could of bought a new car. It's now worth bugger all. I can't lose much more now and it won't break me when its all gone.

    Such is life..........................



 
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