POS 0.00% 0.4¢ poseidon nickel limited

DanielPaul maybe it was traders taking a punt on financing...

  1. 735 Posts.
    DanielPaul maybe it was traders taking a punt on financing news?
    This sort of announcement and publicity is a dagger in the heart for all long term Poseidon holders. Saying that I believe Forrest owes it to the many investors in this company to make good on his involvement. He should not be able to just walk away and say it was all too hard for him to raise the cash. Look at how much debt FMG have, which he probably helped orchestrate, now more than 12 billion.

    If this is the start of the end of this company's quest to produce nickel up at Windarra many questions should be raised about the many announcements from this company stating they were going to be the next Western Australian nickel producer. So many people backed this management team and unfortunately for them their investment could evaporate in one foul quick swoop because of their lack of performance from the directors of this company.
 
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