Poseidon has promised an FID this quarter.
On their own figures, without finding any more ore, the BS/SS project has a payback of under 2 years. It is hard to see an excuse for further inaction.
Patience is clearly running thin amongst the posters on this forum. The inaction has become a sour joke.
In my view the problem is with directors owning no shares. They don't seem to care that each time they kick the can down the road with a further equity raising that existing shareholders are diluted.
They are not shareholders.
If they try to kick the can down the road again the disappointment may be too great.
bacci
Poseidon has promised an FID this quarter.On their own figures,...
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