POS 0.00% 0.4¢ poseidon nickel limited

DP, I don't buy lotto tickets mate! I'm just glad I removed my...

  1. 735 Posts.
    DP, I don't buy lotto tickets mate! I'm just glad I removed my skin from this story as it keeps dragging on and on. Why would anybody buy this share which is still a long shot of succeeding when you could buy Panaromic or Mincor or even Mirrabella or wait a minute any of the current producers when the nickel price improves coz surely these guys share price would go up at a much faster rate than a company which isn't even producing!

    Panaromic's current MC is 72 million.
    Mincor 101 million.
    Mirrabella 14 million.
    Poseidon 41 million.

    Going on these figures I really can't see how Poseidon's MC is going to be much higher than those of the other companies when they are producing already and Poseidon still has to take on mountains of debt.
 
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