That is a very good news for Australia Nickel Producer.
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USD$250 Million is on the way to be invested in Australia Nickel and Lithium. Only 10 Million spent so far. Another $240 Million left.
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I smell a backdoor take over offer by "Black Widow" for Poseidon Nickel. Strategy is, form another company, raise capital, increase holding to above 20% (to avoid ASIC guidelines) and make a joint take over offer.
Volume, page-58
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