Consolidation of Nickel Producers Begin, page-165

NUTS
looks like some on here have some serious misunderstandings as to AFAF BHP MCR IGO.

Firstly, BHP is AFAFs arch enemy and WILL NOT play turkey with him at all.
the offtake deal is in breach and either BHP or AFAF will terminate it &/or seek damages.
Secondly, MCR is a dead duck now, AFAF as I called when the bid was made will succeed, but he will inherit a poison chalice, another warehousing imminent.
Thirdly, IGO has NO INTEREST in any JV with AFAF imho, they did everything they could to keep AFAF off their share register & the WSA BOD ignored AFAF as did the Ravensthorpe BOD & now the POS BOD too.
The talk of a JV with IGO is all PR spin, just like when AFAF declared ANL was now independent (code for insolvent).
Fourthly, AFAFs Nickel empire dreams are DEAD without POS imho.
Fifthly, IGO took WSA with AFAFs flip so IGO will flip MCR to AFAF in courtesy return. They are even.

If AFAF & IGO really wanted to work together, the refinery deal would have been signed and started already (NOPE) just like the PBT/POS deal (also NOPE).

No gentlemen, this is all about consolidating the Oz Ni industry into the hands of just 2 or 3, BHP IGO AFAF, and BHP will bid for IGO imho and AFAF is dead in the water.

POS can outproduce WSA MCR PAN put together valued at $2.5B MCaps for a pathetic $125M MCap.
PAN is held 35% by IGO AFAF Zeta and is going to fall cheap next imho.

POS is the only near term independent Ni producer left standing with massive production capacity & massive mill throughput,
the ONLY ONE LEFT imho.