Poseidon Nickel Raising Funds To Advance Windarra Nickel Mine
Seeking Alpha Analyst Since 2009
Poseidon Nickel (ASX: POS) has been granted a trading halt this morning by the Australian Stock Exchange, pending details of a capital raising.
Poseidon's shares are currently in pre-open.
The company has held discussions about potential off-take and funding to re-start the Mt Windarra Nickel mine in Western Australia.
A significant increase in the nickel price may assist the company.
The will remain in place until the opening of trade on Tuesday 28th January 2014, or earlier if an announcement is made to the market.
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