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POS - Poseidon Nickel

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POS wishes to advise that it is assisting Singapore authorities with an investigation relating to possible fraudulent trading offences under Singaporean law involving two Singaporean companies (and certain of their associates) and the purported sale of nickel products by Poseidon. Poseidon can confirm the Company did not enter into any sales agreements with the two Singaporean companies who are the subject of the ongoing investigation.

Poseidon chief executive Peter Harold said ...the company never had any contracts with the companies in question, and more to the point, has never produced any nickel for sale.
“It’s quite incredible the level of fraud,” Mr Harold said. “The authorities have sent us through some documentation and we’ve said we haven’t signed anything.”
Click to expand...
 
@Beaches
22% ^ "highlights robust project"

out with the old profile in with the new .....looks less like froth and more like trend, 3 deep bids in the DOM considerably outweigh the sells

Chart Image

www.tradingview.com
 
Big gain today for POS. A few of the Nickel miners are up too (NIC +6.28% @15:09}
Nickel is at a 4 month high too, hopefully it will find suport @USD 19000
 
POS continuing to benefit from high nickel prices (US$8.73/lb) with its share price hitting a high of 16c today. Just a few months ago POS was 6c.

If the nickel price continues to rally, we might see instos getting into medium cap stocks like POS to increase their exposure to the metal.

Can nickel crack US$9/lb this week?
 
not much activity on the thread, there is a SPP offer at 11c, seems to be high to me with much room for less, you could get some at 10c 2 days ago....and at risk of nickel crash during the transaction period..Anyone else has some feeling about this capital raising?
Not very warm..while I like nickel as a commodity
 
I'm into nickel, but haven't looked into POS, so if someone can give some background info it would be good.
The last time I heard anything about Poseidon nickel, I was a kid living in the Goldfields and everyone was talking about all the houses with lights on and no one home. ?
 
Same name but i doubt it will become as famous
 
Seems to be stuck in a bit of a range.
Should react to the high nickel price soon and breakout from the 9 to 12 cent range, one would imagine?

 
Uniformity, conformity, symmetry, predictability?

Slightly discernable on a 6 month chart, but sticks out like the proverbials on a 3 month chart.
Hi Ho Silver...?


 
Some battery mineral miners are posting strong gains in morning trade following reports that Scott Morrison will announce $243 million in grants for projects that allow Australia to capitalise on the boom in electric vehicles.

Earlier, Poseidon Nickel (POS) entered a trading halt ahead of a funding announcement for the company and Pure Battery Technologies to build an integrated nickel, manganese, cobalt battery material refinery hub in Western Australia.
 
$119.6 MILLION MODERN MANUFACTURING INITIATIVE GRANT FOR INTERGRATED BATTERY MATERIAL REFINERY HUB IN KALGOORLIE

17 March 2022
KEY POINTS

 Pure Battery Technologies (PBT), in partnership with Poseidon, receives confirmation of a $119.6 million Modern Manufacturing Initiatives Grant from the Federal Australian Government to advance PBT’s proposed battery material refinery hub

 PBT is targeting initial production of up to 50,000tpa of precursor Cathode Active Material (pCAM) from the refinery, expandable over time

 The support from the Federal government is a major step forward for PBT’s pCAM Hub which could be of great benefit to Poseidon by maximising the margins on concentrates supplied to the refinery and potentially unlocking further value by treating a broader range of concentrate specifications

 PBT and Poseidon are investigating the pCAM Hub project under an MoU executed in October 2021.
The collaboration structure between PBT and Poseidon is yet to be formalised.


Need lots more of this sort of thing in Aus. Claw back some sovereign risk....
 
Has been fairly rangebound until a nice recent consolidation section, which, if it sticks to pattern, we should find we are coming out of a saucepan bottom and heading for $0.12.
Depending on prevailing conditions, it may push on this time and break out of range.

 

Poseidon Nickel (ASX:POS) awarded EIS grant for Lake Johnston drilling

Poseidon Nickel (ASX:POS) has been granted an exploration incentive scheme grant from the WA government for its Lake Johnston drilling program.
themarketherald.com.au
Poseidon Nickel (POS) has been granted an exploration incentive scheme (EIS) grant from the Western Australian government for its Lake Johnston drilling program.

The scheme is designed to support exploration activity in underexplored areas with valid geological methodology.
 
I have entered the POS in The Jauaary 2023 Regatta

There is Nothing Like a Nickel Boom

Sailing the POS ------------- One Day at a Time

Salute and Gods' Speed
 
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