POS 0.00% 0.4¢ poseidon nickel limited

AFs actions in POS & FMG are contrary to what he showed when ANL...

  1. 2,060 Posts.
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    AFs actions in POS & FMG are contrary to what he showed when ANL AHZ AGO were squandered.
    There he allowed himself to be diluted substantially & shorted by the yanks and allowed the companies to get into large debt and then didnt buy up onmarket shares if at all.

    In AHZ he sold down half his holding at the record highs $1.70 (now 5c!)
    In AGO he took CR shares at 5c but then sold them to Gina for 4.2c! WAFJ.
    In AGO he got FMG to buy a blocking stake of 19.9% which they then sold to Gina for a $5M gain. WAFJ
    In ANL the friendly yank bankers gave him loads of debt and diluted him down to under 5% & then put it under selling it to glencore for the debt and AF and his loyal holders got stuffed. the pain & misery & epifany are spelled out in the book "Twiggy" by Burrell.

    With FMG he took on large debt but refinanced it & paid it off slowly all the while not diluting and keeping his 33% now 35% holding. The yanks 3 attempts to steal the company all failed. This FMG debt will be paid off now down to the last $1.5B.
    With POS, he had 33% holding allowed the dilution to 11% sitting on a high VWAC well above the trading price but the last few months he took the exact opposite move than the others.
    He bought $600k on market and beat off the yankee bidder so far and increased to a strong 19% holding
    He brought in his trusted friend Dennis as CEO MD and another director Gooding to shore up his BOD interest and brought in trusted swiss bankers CS once again as another large holder. Some say HSBC are also trusted AF bankers.

    When BMM makes its takeover move again, AF will be ready.
    The debt $21M is small compared to ANL FMGs & his holding is larger than at AHZ ANL AGO and POS is now cashed up and a production powerhouse sitting fallow.
    Will he flip it for a $30M gain like AGO, that is the question BMM are pondering.

    He wont let POS out of his tight grip EVER! IMHO.

    The black widows antics will be met with a good ole aussie mortein can spray just like the last failed attempt and there is nothing that experienced lawyer Paganin will be able to do about it like the last attempt.

    They obviously havent read the Burrell book!
    Forrest is the BOSS of POS


 
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