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08:37
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Originally posted by wollumbinia:
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AquariusOne, Ol mate, I am a loyal to POS LTSH...ever since the Niagara days....and could have cashed in when SP was $1.75...but greed got the better of me as I,d held for less than 12 months and would have to have paid CGT on 100pc of the profit....and since 2005 have watched the POS SP drop like a stripper,s nickers.....An open question for my fellow posters..which I hope greater minds than mine would know.....why/who came up with the idea of changing the name from Niagara Mining to Poseidon....the name of a company which was the subject of very suspect dealings...and was the reason for tighter regulations...I think the name change was an act of lunacy and has put the mozz on us and we have seen a steady decline for all LTSH,s.....I continue to buy POS shares.....but POS reminds me of cracker night when I was a tacker and someone would like a Catherine Wheel...the firework which would spin around with sparks flying everywhere and kids squeeling with joy....but POS is like the fizzer/faulty Catherine wheels which despite great expectations were an anticlimax, cheers, Woll
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I believe Niagara was a Perth listed company who had two exploration interests in Ghana, West Africa and they were spun out to create Poseidon Nickle. This happened a long time ago. I'm happy to be corrected.
