How an Adelaide mining company bubble mirrors the plot of a 1970s disaster movie

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It is not every day that the rise and fall of an obscure Adelaide mining company mirrors the plot of a deeply trashy 1970s disaster movie.

"Poseidon shares were trading at about 80 cents in the September, and after the announcement they just took off and kept climbing and climbing," Mr May said.

Despite sounding like a hoax, the crux of Poseidon's claims were, in fact, true — there was definitely nickel buried beneath the red West Australian earth.

 

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