Australian (ASX) Stock Market Forum

POS - Poseidon Nickel

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Wysiwyg said:
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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Looks like a good result for Poseidon Nickel: https://jade.io/article/596284

No ASX announcement yet, which is odd, but trading has resumed and POS is up 13.5% to 4.2c.
 
Black Mountain Metals has made a binding, conditional proposal to acquire 100% of the issued shares in Poseidon Nickel for 6c per share.

Poseidon's Board said that it has not made a recommendation as to whether to accept the proposal as a formal bid has not yet been received and that there is no certainty that any takeover will result from the continuing discussions.

Black Mountain Metals is now a substantial shareholder in POS, holding 84,986,534 shares or 7.62% of the issued capital of the company.

Interesting development.
 
Nice for anyone that held through that long stretch of unknown. Go on, take the offer :D.

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considered a failed hot stock by some bloggers/floggers n talking heads, seems someone is buying the quiet late comer, also appears technically at least on a run for a new uptrend after almost 40 months of basing, the smart money wants some decent % for its patience
getting thru 063's should get a few eyeballs refocused
https://www.tradingview.com/x/dsWwn87S/
it doesnt have all the hallmarks (yet) of an ideal structure and there's a gap below, it does have enough qualities to suggest an active regular check maybe worth the effort
 
barney said:
Well spotted @Joules MM1 .... It is a definite candidate for a rising "Festering Canker" (@frugal.rock thread)

I have to say though ... It is/has been a hard chart to read:mad::confused:
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not a lot to see here ....yet ....
Twiggs 13 week MF still shows money wants in even tho volume a tad cr@p, structure is now a fulcrum for mine, we'll cycle down to the low end of the range or someone will decide they have to chase as available supply runs out, the ying n yang of low volume works both ways so a little good luck might see a break out but there are better places to go a speccie than this, that 063 level is the level to watch, doubt there'll be an stragglers when that goes
 
today price spent at 054's to 056's with little volume exchanged at the low
in the late afternoon volume lifted for the session at .056's
inline with the money flow this tells us 'investors' are willing to pay the fractional % to get supply
watching a stocks DOM when this happens, when we're looking at breaking the overhead level,
where technical traders will buy the break out momo ......is, in my humble opinion, worth watching
keep in mind the buys at the offer were via asx not chi-x, someone was prepared to pay the offer as they could not get lower value
 

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Joules MM1 said:
add it, @barney !failure to attract a bid likely says we're going back to the low of the range, price needs to pop that .063 level
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Yeah, if it holds 050 it still looks ok, but don't really want to see it revisit the high of that high Volume bar on 5th August at 048 or lower.

Could be a tipping point:oops:
 
barney said:
Yeah, if it holds 050 it still looks ok, but don't really want to see it revisit the high of that high Volume bar on 5th August at 048 or lower.

Could be a tipping point:oops:
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Joules MM1 said:
add it, @barney !
failure to attract a bid likely says we're going back to the low of the range, price needs to pop that .063 level
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Interesting. Reminds me of the bullish rising 3 in CS charting without the third nun and the following bull candle about to declare. In this kwayzee market I may have a shot myself. Got to load and aim. Never point a weapon unless ready to shoot. Good pick.

gg
 
Garpal Gumnut said:
Interesting. Reminds me of the bullish rising 3 in CS charting without the third nun and the following bull candle about to declare. In this kwayzee market I may have a shot myself. Got to load and aim. Never point a weapon unless ready to shoot. Good pick. gg
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I like the sound of what you say Garps ...

I didn't really understand it ....

But I like the sound of it:woot:

Actually I did understand it a bit. I just had to read it 3 times:cigar:

ps Don't point that thing at me ... I've seen you shoot:nailbiting:
 
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