MCR BOD couldnt get any valuer to value it higher than the bid after the BHP waiver refusal & MCRs offtake breaches and arsenic issues.
MCR BOD couldnt get BHP or IGO to counterbid either looks like meaning IGO must have told them they are flipping to AF after he flipped WSA to them.
Those rampers and hedgies who ran this to the moon from 20c to 270c were really amazing.
Congrats to those who bought at 20-40 and sold at 160-270.
I was telling you all to do so & that there was NO WAY MCR could meet its guidance, SPOT ON.
I did warn you all to SELL last year at 160-270 but many didnt listen now wont have any choice.
Only 2 near term Ni producers left in Oz now as targets in these Ni wars imho after Ravensthorpe ANL/MM SIR MBN Lanfranchi/BMM Noront WSA MCR are all gone.
PAN is held 35% by AF IGO Zeta
POS is held 12% by BMM & AF 3% which AF chaired 2008-2013 in which he held 33% of at one stage but now sold down.
Looks like BHP IGO AF are the new Nickel oligopoly formed here with AF having NO MILL!
I have called many times that I think BHP to bid for IGO in future.
Like I said for a year on here now, shoulda taken the money & ran toombs!
MCR Price at posting:
$1.40 Sentiment: Hold Disclosure: Not Held
