CHN chart, page-4960

Speaking of BHP ….. these are my musings :-

only yesterday the scheme of arrangement for BHP to takeover OZL were accepted by both BHP and OZL shareholders. Next step is for the court to approve and it’s a formality.

does that mean BHP are now free to focus on next takeover target?

BHP have already engaged with Chalice and have maintained close tabs on its progress?

Chalice’s class 1 nickel deposit is very attractive to BHP’s long term nickel plans. It’s a perfect fit to their nickel processing strategic plans - especially its Kwinana nickel refinery which is only 120kms away.

should BHP make its move to build a strategic stake in Chalice they will need to plan their movements very carefully and really value the Chalice appropriately if they were to have any degree of success. Albemarle’s disastrous offer for Liontown backfired because they did not value it correctly.

if BHP make its move - they will need to contend with Gina Rinehart and Twiggy Forrest…. So in order to guarantee their success they will need to make a a very attractive premium offer? The only way that could be possible is scrip offer? Something like 1 BHP share for every 2 or 3 chalice shares? Ideally 1 BHP share per Chalice share? What about 2 BHP shares per Chalice share?

It’s impossible to really value Julimar.

in my opinion Chalice has the makings of becoming the next BHP in Australia….