Fair Valuation of POS (Poseidon Nickel), page-12

Dear Noor444, Geo4000, churchbat, Drunknvegan, Indiagate, Brendonski, FlightTime and all mum & dad shareholders
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1) From my assessment BOD made the decision for FID delay, not PH else why would PH declare steam ahead just few months back and even given a positive interview with Padley.
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2) BMM holds 11% share and their voice takes priority. BMM is pulling the string while PH has a tough job to pass the message(Obviously he gets well paid for bearing the brunt & face the shareholder music and bashing)
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3) Moving Forward- There are few ways to improve shareholder wealth (decrease loses) One of them is Making Drilling in Zone 5, Zone 8 and Southern Terrace a priority. It requires cash and a capital raising. Doing nothing is 100 times worse than do capital raising for more drilling.
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4) In the meantime, all other activities for re-start (if ever happen) can continue as planned.