Poseidon deal on the rocks

US firm Black Mountain Metals is planning to terminate a planned takeover for Poseidon Nickel after the company entered a trading halt over a capital raising.

Poseidon deal on the rocks Poseidon deal on the rocks Poseidon deal on the rocks Poseidon deal on the rocks Poseidon deal on the rocks

Poseidon's Black Swan plant

Poseidon announced on Friday that BMM, a subsidiary of Texas-based private equity firm Black Mountain, had made a binding A6c per share takeover proposal for the company.