Ann: Quarterly Report to 30 September 2017, page-28

Guys,

As we know, sentiment drives markets ... All the rational argument in the world won't stop rampant sentiment - in either direction.

POS is as primed as a virgin on a first date with Rod Stewart (in his heyday ) - it's waiting to go off!! Nickel is rising; the company's got assets waiting to be exploited and all it needs is a catalyst to set the wheels turning. The current market cap. is bugger all, considering.

This is not ramping; it's simply looking at the profile of the thing. Who cares "who wins the "intellectual" argument" ...? I don't. As MC and "all" of us say, when/if one of these MOU's gets up, the job's on.

The commodities cycle is turning and the likes of POS is flat on its backside. Opportunity, opportunity, opportunity ... Pick your island and peel your banana lying back on the beach!!

Kip