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Asic is seeking an order that would require Poseidon to gain shareholder approval.

Asic challenges Forrest's Poseidon deal

The corporate regulator has objected to an underwriting deal under which Andrew Forrest’s Squadron Resources could end up with as much as 61 per cent of Poseidon Nickel.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/09/18

1 year TSR5 year TSR
61stPoseidon Nickel121%-18%
88thPOZ Minerals91%18%
465thTNG-7%24%
760thCarbine Resources-60%-0%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

20/09/18
$16k Bought
20/09/18
$266k Issued
19/09/18
$283k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

126th↑TNG$883k
127th↓Poseidon Nickel$821k
129th↓Carbine Resources$796k
130th↑POZ Minerals$795k
510 listed resources companies ranked by revenue.
Source: Morningstar

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