Trading Halt Request

more like they want to steal 90% of your shares

but is this a good deal for shareholders

some folks would have held these shares for a while

maybe you cynicism is not misplaced yet ( until the full offer is in print )

Trading Halt Request
Poseidon Nickel Limited (the Company) requests an immediate trading halt be granted by the
Australian Securities Exchange (ASX) for the Company’s securities.
In accordance with Listing Rule 17.2, the Company provides the following information in relation to
the request:
(a) the trading halt is sought to allow the Company time to discuss and then announce a
material fund raising;
(b) the Company requests an immediate trading halt and anticipates that the trading halt should
remain in place until the earlier of the commencement of trade on 22 August 2018 or the
making of an announcement regarding the matter; and
(c) the Company is not aware of any reason why the trading halt should not be granted.

courtesy of Bell Direct
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( DYOR )

i do not hold this share

Anyone not into this company should look seriously at it. Read the announcements. Look at the price. While brokers push it down for their clients to load up. I have a large holding (bought at even lower prices) - and expect it to pay tons. Read the announcements and then look at the nickel price and forecasts.