Rhett Bennett says Black Mountain does not support management’s decision to pursue a capital raising.

US bidder warns Poseidon

UPDATED: Poseidon Nickel announced late on 22 August it intends to proceed with a material capital raising and the $66 million takeover proposal from US group Black Mountain Metals has been withdrawn.


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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%
91stBoss Resources90%40%
760thCarbine Resources-60%-0%
821stPredictive Discovery-78%-37%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$16k Bought
$266k Issued
$283k Issued
Total value as at the date of the transaction
Source: Morningstar


125th↑Boss Resources$901k
127th↓Poseidon Nickel$821k
128th↑Predictive Discovery$812k
129th↓Carbine Resources$796k
511 listed resources companies ranked by revenue.
Source: Morningstar

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