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Poseidon Nickel www.poseidon-nickel.com.au/
Full Poseidon Nickel profile here

Poseidon Nickel (ASX:POS) is a nickel sulphide exploration and development company which is focussed on producing its first concentrate from the Mt Windarra mine in 2013.

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Poseidon Nickel queried by ASX on share price rise

Wednesday, January 23, 2013 by Angela Kean

Poseidon Nickel queried by ASX on share price rise

Poseidon Nickel (ASX: POS) has witnessed increased investor buying today which has driven shares 47% higher to an intra-day high of A$0.25, up from a closing price of $0.17 on Friday.

The share price movement has prompted a price and volume query from the ASX.

Over 1 million shares changed hands by 2.10pm (AEDT) today.

Poseidon responded to the ASX saying it is not aware of any material information that has not been disclosed to the market, which may explain the sudden investor interest.

However, the company did note that Proactive Investors Australia released a report on Poseidon Nickel today.



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