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Poseidon Nickel

Buy Poseidon Nickel shares

POSEIDON NICKEL (POS) Shares

ABOUT POSEIDON NICKEL

Poseidon Nickel Limited is an Australian nickel sulphide developer and explorer. Its portfolio consists of three projects in the Kalgoorlie area in Western Australia.

The company focuses on nickel exploration operations that has low operating costs and project risks. Part of its strategy is to purchase geologically prospective operations that holds a promise of substantial extension on operational life cycles when modern nickel exploration techniques are applied.

The company’s project portfolio includes the Windarra Nickel Project, the Lake Johnston Nickel Operations and the Black Swan Operations. These operations also have exploration opportunities as seen with the Lake Johnston’s discovery of the Abi Rose deposit.

Poseidon Nickel Limited is headquartered in Subiaco, Western Australia. 

OVERVIEW OF POSEIDON NICKEL

  • In 1969 a prospector with the company, Ken Shirley, discovers the Poseidon Nickel deposits in the MT Windarra location. At the time nickel is in high demand across the globe but low on supplies.

  • Shirley’s discovery creates a boosting mineral market – one of the largest in the Australian Securities Exchange’s history and shares are sold at a price of US Dollar 1.85. In 1970 the company’s shares increases to a price of US Dollar 280 per share.

  • In 1971 ore is discovered 18 km from MT Windarra and an open pit mine operation is started. Western Mining Corporation takes over Poseidon’s nickel operations from 1976 to 1991.

  • In 1994 Western Mining Corporation starts the process of rehabilitating the mine site as part of its environmental obligations and the area becomes a historic heritage trail. In 1996 production is commenced at the Silver Swan underground mine.

  • From 2004 to 2009 the Black Swan operation in its open pit mine is started.

  • In 2006 Niagara Mining Limited buys the Windarra Nickel Project, which is then reopened, and operations start under the Niagara Mining brand.

  • In 2007 Niagara Mining Limited is renamed Poseidon Nickel Limited. The same year Norilsk Nickel buys LionOre Mining International and adds 100 percent interest in Black Swan to its portfolio.

  • In 2014 Poseidon Nickel Limited buys Black Swan and a year later Lake Johnston Nickel Operations are purchased from Norilsk Nickel.

VISION & VALUES OF POSEIDON NICKEL

  • Poseidon Nickel Limited values its employees, shareholders and customers.
  • The company ensures the health and safety of its employees and contractors in all its operations.
  • Shareholders are provided with high returns and long-term value. The company acts responsibly and conducts business with ethical standards, honesty and transparency.
  • The company’s vision is to be an industry leader and to create customer satisfaction through its quality products and services.

MARKET PERFORMANCE OF POSEIDON NICKEL

  • Poseidon Nickel Limited trades on the Australian Securities Exchange under the ASX stock symbol POS.
  • Data analysis for the company’s annual results for the year ending 30 June 2019 reports net assets of US Dollar 74.1 million. Cash and cash equivalents are US Dollar 25.1 million.
  • Trade and other receivables are US Dollar 1.3 million. Total current assets are US Dollar 61.5 million. Net cash used in operating activities is US Dollar 9.4 million.
  • Net cash used in investing activities is US Dollar 37.4 million. Balance at the end of the period is US Dollar 228.8 million.

Buy POSEIDON NICKEL stocks / shares – A Step by Step Guide how to Buy / Purchase POSEIDON NICKEL Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy POSEIDON NICKEL Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN POSEIDON NICKEL STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE POSEIDON NICKEL STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of POSEIDON NICKEL stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy POSEIDON NICKEL stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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