Seems as if CAWSE is still in limbo -below excerpt from...

Seems as if CAWSE is still in limbo -below excerpt from report

"The Company has reported to shareholders over the last 9 months its desire to secure,by acquisition, an additional nickel asset which would be of major significance to the
Group and one which could have the potential to add significant value to the core Windarra project. Whilst the Company has pursued this opportunity vigorously,shareholders will recognise that the Company is in the hands of the vendor in terms ofcompletion and the associated timing.

Poseidon continues to believe that the proposed acquisition has real potential but it does not believe that completion is necessarily imminent although work on this opportunity will continue in parallel with progressing the
Windarra project."

In other words the Russians seem happy to sit tight and are not happy with any proposal being put forward by the sound of it.

In closing , Windarra still on care and maintenance, possible capital raising in the near future , the only thing left is speculation surrounding Ravensthorpe. Not happy Jan !