Australian (ASX) Stock Market Forum

POS - Poseidon Nickel

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Yes, a slight recovery, though sad looking markets seem to mean that if you strike a commodity then your shares go down if it's considered to be only good.
 
Creeping up a tad after the sharp fall following the 18c placing. Nickel is the name of the game here and perhaps the Poseidon NL factor will drive the stock, namesake as it is, spiralling on up into the stratosphere, however ...
 
noirua said:
From what I remember Western Mining took what nickel they could from the old Poseidon NL area and then gave up on it as the nickel price collapsed and that was that around 1989.
Poseidon Nickel, if you go by the front page of their website, they are looking for Poseidon boom number 2 (after 42 years that's a big hope).
Still, market cap is around $35 million and if we believe Poseidon Nickel's board they are in for one of Australia's biggest nickel resources.
Needs a lot of looking at to see if the stock is as mega cheap as they'd have us believe; maybe it is, or, on the other-hand ...
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Poseidon Nickel are no Poseidon NL of 1969-70 and the upside is increasing likely reserves in nickel channels at Windarra and downside the financing of the whole project, yes, we've been here before; so the tug-of-war begins against likely final reserves and costs - no points to either side so far at around 21.5c a share.
 
ASF did great as top again at the Bull, 3 years running in fact.

Poseidon are back up to 26.5c after a successful cash raising at 24c a share. Living a bit on the old Poseidon NL name of 1969/70 though Poseidon Nickel are the same price as Poseidon NL in 1968, or about that, it's over 40 years ago now.
POS are no Poseidon NL, remember that, but if some buy on the name who cares - if your holding stock already, however, they're exploring in the same area.
 
Lonely posting it has been for me on Poseidon Nickel: Do I care? NOT A JOT!
Wednesday we saw a 42% leap in value from 24c to 35c a share - a long line of success stories in recent years and I expect to mop up a lot more.
 
noirua said:
Lonely posting it has been for me on Poseidon Nickel: Do I care? NOT A JOT!
Wednesday we saw a 42% leap in value from 24c to 35c a share - a long line of success stories in recent years and I expect to mop up a lot more.
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Replying to my own post as it's lonely here.

noirua, since you posted last POS have moved back to 31c, do you think this is the end of positivity in POS?
"No I don't, the lone facility set up last year was at a price of 30c whilst the stock price was then just 23c and there is no interest payable in the first two years."

A positive cash raising and what do you see the reasoning for such confidence?
"Well, this is one of Australia's largest nickel finds and you dont lend money on this basis for less than 10% interest".

So what do you see the lenders hopes in lending on such favourable terms?
"one reason only, they expect the stock price to rise over the next three years to make up for charging nil interest".

noirua, do you think the Poseidon NL factor will rub off on to Poseidon Nickel at some point?
"I'd like to think so, but in more realistic terms. $270 a share was the peak for old Poseidon and then it crashed."

Do you have any further points to make or requests?
"Yes I do, if only someone else would post on this thread!" :(
 
Felt bad you were lonely, noirua - tell us about nickel :D.
Nah from what you've said this stock sounds pretty good, what is the market for nickel anyway?
 
tothemax6 said:
Felt bad you were lonely, noirua - tell us about nickel :D.
Nah from what you've said this stock sounds pretty good, what is the market for nickel anyway?
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The mining sector has turned down and general confidence in markets has slid suddenly. Few stocks will avoid the downward draft.
 
noirua said:
The mining sector has turned down and general confidence in markets has slid suddenly. Few stocks will avoid the downward draft.
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For once I was right on 10th March 2011 and reduced many of my holdings. However, I failed to fully take my own advice and only halved my overall resource stocks. This one, Poseidon Nickel, was one I held on to. It has fallen back about 25% which is a very fair performance compared with many.

Well, the nickel price is doing well and I notice a few companies re-opening old mines. So POS may well have got the nickel sector right. One to very carefully monitor in the sector.
 
noirua said:
For once I was right on 10th March 2011 and reduced many of my holdings. However, I failed to fully take my own advice and only halved my overall resource stocks. This one, Poseidon Nickel, was one I held on to. It has fallen back about 25% which is a very fair performance compared with many.

Well, the nickel price is doing well and I notice a few companies re-opening old mines. So POS may well have got the nickel sector right. One to very carefully monitor in the sector.
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Keep on monitoring I suppose as POS did fall and has been creeping back gradually every week now. Poseidon Nickel has Australia's best nickel resource and looks a strong candidate in this sector.
 
noirua said:
Keep on monitoring I suppose as POS did fall and has been creeping back gradually every week now. Poseidon Nickel has Australia's best nickel resource and looks a strong candidate in this sector.
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The god Poseidon once ruled and later the nickel god Poseidon NL ruled the waves at $270 per share and now Poseidon Nickel POS stands there awaiting the crown.
 
Now in trading halt waiting for a cash raising announcement. Last what they've managed to do this time. Cash raising was at 30c a share with shares at 24c; and now at 18c it will be interesting to see how it goes this time.
 
I love reading old threads and seeing how people speculate how the share prices will go.

POS currently 0.08 cents and Twiggy is off the board. More capital raisings, more talk of a "potential " start up at Mt Windarra.

Round and round we go.
 
Step on a foot print here：

The POS had recently purchased a $300m Black Swan Nickel Project including a 2.2mt p.a. process plant plus double the resources, POS only spend 1.5m, which push the price from 9c up to 0.205. This acquisition makes POS a producer now. Now it's on the refurbishment process and nickel production are expected to start within 5 months - end of 2014.

I predict the price can go up to 50c by end of this year, follow by $1 in the next year. Let's see how it goes
 
Last Friday's announcement: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01746190

Could have posted a breakout alert as well. The chart is definitely worth a look.

POS am 07-06-16.png

I hold; will add if either the gap is closed or the breakout continues higher.
 
http://www.proactiveinvestors.com.a...um-processing-hub-at-lake-johnston-70072.html

https://www.anzsecurities.co.nz/directtrade/dynamic/quote.aspx?qqeg=AU&qqsc=laa&QuickQuote=+Go+

POS vwap of .0624c today on 13.38M volume traded (with rsi, macd, obv, stochastics etc. all turning up)

http://www.kitcometals.com/charts/Nickel.html shows 24hr price chart picking up nicely (POS is well leveraged to Nickel price move imo)

Please DYOR ................ Cheers tela

P.S. Luckily picked up a parcel @ .061c into the closing auction
 
Telamelo said:
http://www.proactiveinvestors.com.a...um-processing-hub-at-lake-johnston-70072.html

https://www.anzsecurities.co.nz/directtrade/dynamic/quote.aspx?qqeg=AU&qqsc=laa&QuickQuote=+Go+

POS vwap of .0624c today on 13.38M volume traded (with rsi, macd, obv, stochastics etc. all turning up)

http://www.kitcometals.com/charts/Nickel.html shows 24hr price chart picking up nicely (POS is well leveraged to Nickel price move imo)

Please DYOR ................ Cheers tela

P.S. Luckily picked up a parcel @ .061c into the closing auction
Click to expand...

Spot Nickel is up nicely tonight.. http://www.kitcometals.com/charts/nickel_historical_large.html
 
Nickel price gained another +3.2% overnight finishing at $US10,695 a tonne on worries about diminishing ore supplies from the Philippines and a pollution-related crackdown in China's nickel pig iron smelters in Linyi city, Shandong.

Looks like a couple more Nickel mines are set to be suspended:
http://www.mining-journal.com/world/asia/more-nickel-mines-suspended-in-philippines/

http://www.proactiveinvestors.com.a...-near-historic-mine-infrastructure-66698.html
highlights the significant Nickel potential of Poseidon imho (not withstanding branching into Lithium as well with KDR)

Please dyor as always... Cheers tela
 
The resurrection of Poseidon Nickel? Some Swans gearing up to meet the coming Nickel demand.

In voluntary suspension regarding a Federal Court appeal attempting to address share issues over recent years that did not have the follow up cleansing notices. Hearing date 13th this month.
 
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