Hi Believers,
I have followed Poseidon since AF bought NIA and DS came on board in April 2007.
I met them a few times for different reasons.
Then we all know NI price crashed from 57,000usd/ton to almost below 10,000usd/ton. In these conditions, POS could not do anything and we could not expect anything from it
Above was the past as i often remind it to you..
Since Jan, NI price has well increased, currently trading at 8,60usd/ton, still a great number. NI price forecast for the next 12/18 months is predicted at between 9 to 10usd/ton, according to all analyzers from EU, USA, Japan
About the company..
DFS is done
2 times capital raising in less than 3 months, almost 100 million shares, approximate 8 million raised
POS can either sell rock then later on NI concentrate
We all have the figures in term of NI rock able to sell or NI concentrate a year..You all know
Regarding de-watering, i don t really know where we are sitting on.The last CR was done done for that job
Debt, JB and AF. The first one is a great connection to AF.So no worries. For AF, i know he has decided to delay his payment back, waiting the company being mature
What is missing now...We need great news about off-take agreement if any, partners, investors, concentrator..We need great news like Triton
POS did hold 300,000 TON shares
TON was trading at 25 cents 5 years ago, came up to 30 cents before touching bottom floor at 7 or 8 cents
Anyway, whatever i can say, now ,POS leaders must move on, we cannot have another 6 months like this simply we will be dead. We need positive, strong, amazing news
it may all come out before or after the GM, in june 25
I hold thousand of shares, i still believe we can do it but we need great NEWS
in addition, Australia is trying to re open all his NI nickel pit..Forecast looks good, investors don t want to miss it
POS please hurry up
Cheers
F
All in MHO
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