Is Poseidon Nickel a good investment?
Is Poseidon Nickel a good investment?
According to some industry analysts covering Poseidon Nickel, breakeven is near. They anticipate the company to incur a final loss in 2022, before generating positive profits of AU$25m in 2023. So, the company is predicted to breakeven approximately 2 years from today.
What happened Poseidon Nickel?
The Poseidon bubble was a stock market bubble in which the price of Australian mining shares soared in late 1969, then crashed in early 1970. It was triggered by the discovery by Poseidon Nickel of the early indications of a promising nickel deposit in September 1969….Poseidon bubble.
| Type | Public |
|---|---|
| Website | http://poseidon-nickel.com.au |
Where is Poseidon Nickel mine?
Western Australia
Poseidon Nickel Limited (ASX Code: POS) is a nickel sulphide exploration and development company with three projects located within a radius of 300km from Kalgoorlie in the Goldfields region of Western Australia and a resource base of around 400,000 tonnes of nickel and 180,000 ounces of gold.
Why is Poseidon Nickel on a trading halt?
Poseidon Nickel Ltd (ASX:POS) (OTCMKTS:PSDNF) (FRA:NYG) has been granted a trading halt with assay results pending from Golden Swan Nickel Project in Western Australia. The halt also covers the company providing a response to an ASX price and volume query received on July 1, 2021.
Who owns Poseidon nickel?
Poseidon Nickel’s (ASX: POS) major shareholder Andrew Forrest, commonly known as Twiggy, has backed the company’s A$5.8 million placement, just a week after Black Mountain Metals made an informal takeover proposal.
How do I buy Poseidon Nickel shares?
How to buy shares in Poseidon Nickel
- Compare share trading platforms. To buy shares listed in Australia, you’ll need to sign up to a broker with access to the ASX.
- Open and fund your brokerage account.
- Search for Poseidon Nickel .
- Purchase now or later.
- Decide on how many to buy.
- Check on your investment.
What is the spot price of nickel?
An icon in the shape of a calendar. A vertical stack of three evenly spaced horizontal lines. The word “Insider”….NickelCommodity.
| Name | Nickel |
|---|---|
| Price | 27,706.00 |
| % | -3.38 |
| Unit | USD per Ton |
| Date | 6/1/22 11:00 AM |
What is nickel used for?
The most crucial use of this element is that it is used to make coins. It is used in making wires. It is used in gas turbines and rocket engines as it has the capability to resist corrosion even at high temperature. It is used to make a variety of alloys which are further used to make armour plating, nails, or pipes.
Is Pos a good investment?
Analyst Future Growth Forecasts Earnings vs Market: POS is forecast to become profitable over the next 3 years, which is considered above average market growth. High Growth Earnings: POS is expected to become profitable in the next 3 years.
