Originally posted by kates9999
the new appointment was a geologist for Anaconda Nickel in 2000 (which was an Adndrew Forrest project) which led to a hostile takeover type scenario in 2003 (MatlinPatterson stunned the market last month by unveiling a hostile takeover bid for all Anaconda's shares and the rights to its 14-for-1 rights issue, worth a total of about $450 million.)
there is some weird story to it at the time -
Who was Kerr working for? The timing of his employment and the information he passed on coincided with the rise of a secretive two-dollar company called Ajax Mining Nominees, supported by the Andrew Forrest-led Anaconda Nickel.
In 2000 and 2001, Ajax tried to seize almost every significant nickel tenement in the Goldfields region – without revealing the identity of those behind the plan – in one of the most brazen and, at times, vexatious mining company strategies in recent memory. Over the next 15 years, the billionaire miner, philanthropist, indigenous jobs champion and one of the country's most influential businessman, Andrew John Forrest, would use questionable means to control the mineral rights to mineral-rich WA
he has a long history beyond just todays announcement
Interesting post
@kates9999
If you have more details ~ please share.
SGQ has been a favourite of mine for many years. This year is no exception.
Certainly nickel prices can do one thing ~ go up!
Certainly global nickel inventories are doing one thing ~ reducing
Cetrainly IIMO ~ the markets appetite for nickel stocks can only extend into somewhat of a frenzy.
It's just a matter of when...
Could be an early Christmas present or certainly a Happy New Year!
Gracie
PS.SGQ Yazoo post from way back ~ for me, short term consolidation in SP price and then, the only way is up... Baby...
(20min delay)