POS 12.5% 0.5¢ poseidon nickel limited

Hi Kipper/Red and others,watched the build up in buying...

  1. 121 Posts.
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    Hi Kipper/Red and others,watched the build up in buying yesterday at 0.028 and bought a few more,it does seem on yesterday and todays trades its a bit unusual,maybe something in the wind or some people reacting to a few reports.
    My overall thinking is they have some really good plant and a resource,even though its not worth digging just at the moment.When you look at the market caps of some companies with no resource no plant and they are drilling and yet they can have a large market cap,it just makes you wonder why we are not at least worth around the 8cents.I really hope they can do something with KDR having done all the engineering work on the plant at Lake Johnston,so its on a plate for LIT,but they are spread over a lot of deals which is a worry.I would not be suprised if we get an update next week as the movement was too strong this week.
 
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