https://www.livewiremarkets.com/wires/the-10-top-tipped-small-cap...

https://www.livewiremarkets.com/wires/the-10-top-tipped-small-caps-for-2022

#1: Poseidon Nickel (ASX: POS)

Percentage of votes: 1.31%Market cap: $320 millionProfitable: NoShare price: 10 cents

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Poseidon Nickel has taken out the top gong for 2022. The nickel sulphide exploration and development company is giving three previously shuttered Western Australian projects a new lease on life, as demand for nickel (and other battery materials) continues to rise.

The excitement behind this venture is palpable, and for good reason too: Poseidon is well on its way to restarting its Black Swan Project, while recently reporting increasing mining inventory from its Silver Swan and Golden Swan prospects too.

In its recent annual report, Poseidon reported cash reserves of $7.9 million on its balance sheet. However, like many mineral explorers - it is burning cash - posting a loss of $10.9 million in FY21, down from $12.8 million in FY20. NOTE BY NOOR444: Cash (30 September 2021) ~$28M - Source: AGM Presentation Dated 23 November 2021.

There is currently a ‘nickel war’ playing out in WA, which has resulted in major M&A activity in the sector over the past few years. Perhaps, for this reason, Poseidon has attracted investment from mining greats such as Andrew “Twiggy” Forrest. Interestingly, just last week, Twiggy sold down his position in Poseidon, but still owns a 10% stake (formerly 12.17%).

For Marcus Today’s Marcus Padley, Poseidon is a “safe bet” and could be “a multi-bag” win over the coming years.

Meantime, Eden Asset Management's Nicholas Boyd-Mathews believes Poseidon to be an attractive investment opportunity due to the increased demand for high-quality nickel, as well as its experienced management team that has successfully developed similar projects previously.

He also says it boasts "high-grade nickel deposits and potential for further significant nickel sulphide discoveries."

For Noor444: THIS IS A NO BRAINER. POS HAS THE POTENTIAL TO EXPLODE AS IT HAS THE RESOURCES AND THE INFRASTRUCTURE TO OUTPRODUCE MOST AT A LOW PRODUCTION COST IMO. NO DEBT. IN ADDITION TO ALL THE KNOWN FACTS, THERE IS THE POTENTIAL OF MEGA ULTRA HIGH GRADE NICKEL DISCOVERY LEFT, RIGHT AND CENTRE, I.E SILVER SWAN, ST AND LJ. WINDARRA IS ANOTHER FANTASTIC ASSET.

OF ALL THE HUNDREDS OF SMALL CAPS, POS IS THE ONE RANKED FIRST BY A FAIR WHACK TO OUTPERFORM IN 2022. AS LEAST POS POTENTIAL IS NOT LOST FOR SOME.

NOW, IT IS ALL UP TO MR PH SIR. COME ON SIR. CAUTION IS GOOD. TOO MUCH CAUTION IS DISASTER IMO.