Ive been saying the same thing for 3 years.
New management ignored me, tried to reinvent the wheel only to find the wheel was still good, LOL, and listened to stallers like zeb & industry peers who diss this top shelf project.
Many on here think its to do with the top 2 holders AF AF/BMM who have shown no support oir interest in value adding and producing but seek to selfishly break it up cheap or t/o cheap.
BMM bid for 6.0c back in 2018 then AFAF responded with a mass dilution of 2B shares crazily gifting his opponent 20% holding which they both proceeded to sell down at a dirt cheap 7-11c.
PH has been stymied by these top 2 holders and this ever present capper here which is likely related to them 2 also.
Instead of AF AF increasing his stake & starting mass production here as he sought in 2018 he crazily sold it off & lost a fortune on stoopid untenable acquisitions in Noront MCR PAN WSA thus destroying his own Ni empire dreasm which now lay in tatters.
Instead of BMM bidding at 10.00 and trying to take control of this mass producer in wiating they too sold down at 9-11.
So its politics buddy.
Sooner or later this little pathetic game of theirs is going to be met with a serious player desperate for Ni concentrate asap like BHP RIO MINRES FQM Glencore Gina even & the real value of that $16B JORC and $2B infrastructure & $1Bpa revenue stream will be unlocked to a very happy fortune making beneficiary,
hopefully sooner.
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