POS 16.7% 0.5¢ poseidon nickel limited

Hey Sydneyguy, yeah the asset side was interesting. plant and...

  1. 91 Posts.
    lightbulb Created with Sketch. 47
    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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