Ann: Western Australia Nickel to temporarily suspend operations, page-4

There is no end to the examples of how poorly this company's senior management allocates shareholder capital.

A very short period after they plough $4.4bn into a business, they put it into caretaker mode.

Even if they subscribed, at a cost of a mere few hundred dollars a year, to a few nickel industry magazines they would have come across article after article detailing how aggressively other participants in the global nickel industry were rapidly ramping up new, low-cost capacity.

I mean, competing effectively against global competitors, in markets for fungible commodity goods, is a core management KPI.

But, evidently, generating an acceptable financial return on the billions of dollars poured into NickelWest was a subordinate consideration, compared to advertising the company's de-carbonisation credentials.

Absolute muppets.

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