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0.4¢ poseidon nickel limited

Nickel Boner Update, page-3667

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KeenDog

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639

27/01/22

10:33

Post #: 59153933
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Originally posted by powerplay: ↑

Interesting to see a couple of fundies views on POS (Livewire). Seems a bit short sighted IMO
Poseidon Nickel (ASX: POS)
John Deniz (HOLD):It's a hold, Ally, and only because of nickel's strong fundamentals and likelihood for much higher nickel prices this year, where the punters are likely to be able to throw darts at any stock and do well. However, we don't rate Poseidon's tied assets at all, and we don't rate their Silver Swan and Golden Swan resource discoveries. They're tiny. They lack any scale potential. And they're also getting very deep, which means they'll be fairly expensive to exploit.
Ally Selby:Over to you, Josh. Twiggy Forrest actually owns a 10% stake in this stock. Could that give investors confidence? Is it a buy, hold or sell?
Josh Clark (SELL): Yeah, it potentially could. I think Twiggy owns some cows, so I wouldn't recommend that everyone runs out and buys cows. Back to Poseidon. My view is not dissimilar to John's, albeit maybe I've got a bit less conviction around the nickel price. So my understanding of the asset is that that ground has been picked over for over a decade now and no one's been able to get it to work successfully in the past. So that speaks to some of the challenges that they'll have to get it up and running, or at least in a commercial sense.
The other thing that sticks out I think is the grades appear to be a bit lower than peers. So that obviously adds sensitivity to the nickel price risk, whether it's to the upside or the downside. And probably the other point to make, I think, is it just means higher throughput through the mill and they are older, refurbished mills. So there are a few things that can go wrong there, so Poseidon is a sell for me.

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My experience with fund managers putting out tips is to do the exact opposite of their advice. Josh Clark stating the grades are lower than their peers- What a clown!

POS Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $14.85M

Open	High	Low	Value	Volume
0.4¢	0.5¢	0.4¢	$44.42K	10.96M

Buyers (Bids)

No.	Vol.	Price($)
76	35438671	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	11634354	27

View Market Depth

No.	Vol.	Price($)
71	34883671	0.004
32	35502592	0.003
17	28050479	0.002
17	24100201	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	7856178	25
0.006	29754512	22
0.007	33355459	44
0.008	13578450	17
0.009	5088007	13

Last trade - 16.10pm 28/06/2024 (20 minute delay)

POS (ASX) Chart

Nickel Boner Update, page-3667

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Featured News

Nickel Boner Update, page-3667

Top Stories

Ava Risk Group expands US presence with A$0.7M Substation Deal

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

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Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News