Poseidon Nickel (ASX: POS) - Straw Hats in Winter

We’ve adopted a ‘straw-hats-in-winter’ approach to the nickel sector, as we have every confidence that nickel prices will ultimately recover. Poseidon Nickel is one company of significant interest on our coverage radar, as after several years focused solely on appraisal work at its historic and flagship Windarra project in Western Australia, the company has taken advantage of flagging market sentiment to execute a series of important acquisitions from Russia’s Norilsk. When nickel prices and market sentiment eventually recover, these advanced assets will be in a position to provide the company with diverse sources of nickel production. Just last week the company announced a 180% increase in the JORC Resource at one of these key projects.