Oh good, thankyou. I've done a bit of homework on this stock more than the rest I mentioned the other day in my 1st post & have noticed a few things in their announcements. Firstly this "Twiggy" fella is the same person that has been guiding the ship over at Fortesque (looks to me as though he has done a good job there) & I also hear his name mentioned in the media a bit (not only to do with ASX companies but also he is involved in childrens charities in a big way, which makes him a decent human being in my books & gives the man credibility outside the sharemarket. Unlike others who are fronting the courts for different reasons). Secondly this company is fast tracking the developement of the Windara project to a point where they start making money & have just had $US50M invested in them to help fund this (why would USA fund manager Harbinger have put so much into this stock at very good terms to Poseidon if they didnt have confidence in it, I know I wouldnt pay a lot of money for an unknown artist but say a Charles Blackman or David Boyd painting would be a different story). Thirdly this stock has seen highs above $1.50 and has been consistently either been increasing its nickel resourses & intercepting more, again I am not an expert on grades & thickness but I know they cant release misleading information to the shareholders & ASX (these headlines come from their announcements 'Poseidon Increases Nickel Resource by 35%' on 13/3/08 and 'Poseidon Intersects Massive Nickel Sulphide Mineralisation' on 17/4/08 and 'High Grade Nickel Sulphide Intercept' on 3/7/08). Like I said I'm not an expert and am a novice to the stockmarket but sooner or later this stock has to return to previous highs in my opinion, these are just my thoughts on what I've picked up from reading up on this stock before I bought it. Do your homework & sums, then get some sound professional advice on which way to go as I did before I bought. I hope this is not seen as "ramping" this stock as thats the last thing I wanted to do, just giving mu uneducated opinion for what its worth. Cheers & good luck to you. Ps I know I ramble on a bit but its my way of getting my thought processes going. haha
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Mkt cap ! $11.14M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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61 | 45048320 | 0.3¢ |
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Price($) | Vol. | No. |
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0.4¢ | 6330525 | 21 |
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58 | 41667643 | 0.003 |
29 | 49305888 | 0.002 |
10 | 62798697 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 5814225 | 20 |
0.005 | 9351063 | 18 |
0.006 | 8769028 | 12 |
0.007 | 26022016 | 11 |
0.008 | 5500000 | 2 |
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