POS 0.00% 0.4¢ poseidon nickel limited

annual report

  1. 667 Posts.

    Did anyone skim over the annual report.

    Any one worried that POS ran at a $7.5mil loss last year and only has $10mil cash in the bank?

    If they are stepping up activities, the fiscal year ending 08 will be more expensive I would assume.

    If they dont start making some cash by leaching that stock pile very soon we may see another liquidation in the stock by selling off more shares.

    At least the report was colourful and had photos of the management smiling away, and a nice artical on how good FMG was, I'm sure it distracted a lot of people like Paul Pommy from the financials.

    Good Luck!
 
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