poseiden nickel unloading , page-2

agree sck,
the change in holder notice show date of change as 29th & 30th, so that was Wed & Thurs, it appeared the selling continued Friday with over 5mil traded so they could conceivably be almost all out by now.

I think it is good news particularly bearing in mind the Twiggy Forrest factor http://www.poseidon-nickel.com.au/UserDir/AsxAnnouncement/AF%2020m2050.pdf

lending POS $8 mil in April and now scrambling for cash

http://www.news.com.au/business/companies/andrew-forrest-splashes-39m-on-fortescue-metals-group-shares/story-fnda1bsz-1226461895260

this could explain the rapid unloading of Poseidon's holding bearing in mind Mr Forrest is Poseidon's non exec chairman with a significant holding and personal funds put up for bridging in April.

Not saying this is what happened but just offering a fairly plausible and very positive explanation, as the selling by POS appeared to happened simultaneously with the buying into FMG (ie 29th Aug) and there is one common denominator.