Looks like Ravensthorpe has been shuttered
POSCO cash of $300M paid to FQM burnt to a crisp
And this follows shuttering of QNI, PAN, Noront WSAs FFox & WSAs Cosmos & OZLs Ni mine in nullabor
From what im hearing MCR is going to be shuttered also by AFAF/Wyloo who are still in denial while losing fortunes like I warned years ago it would.
$13,500M cash burnt on hot air and nothing to show for it other than Nova by IGO.
And soon BHP starts shuttering Nickel west again.
AFAF could have become richer by producing at POS while taking that 51% stake in 2016 he pulled out of like a crying baby in fear of Paganin & ASX who supported BMM instead he went the other way and sold down betraying all his mates here and even his handpicked Ni team members.
No steel b@lls there once again just a frightened little playboy like at ANL yet again.
And that cray cray buyout of pathetic MCR for a whopping $760M cash now probably worth at most $76M not much more than POS now was the denouement for AFAF Ni empire.
AFAF,
You had your Ni empire sitting and waiting on a plate in POS but you blew it just like you blew ANL.
Now your Ni empire is in tatters and worthless, your $1,200M cash burnt to a crisp once again.
The Oz Ni industry has taken massive losses but none more so that AFAF/Wyloo on these cray cray disasters in ANL MCR Noront and BHP on the OZL disaster.
Hey AFAF could have taken PAN 100% & 51% of POS maybe even bought Nickelwest for $500M and had 5 mills 10 mines 2 smelters/refineries and Li as well but no he learnt nothing from ANL at all.
The rich get dumber and richer but lose fortunes on hot air but the poor get poorer and smarter and survive with the little they have, eventually the meek inherit the earth.
A dufus backstabbing rich guy and his $1,200M cash money are soon departing company.
And POS survives with all those assets mills mines intact in way better position and quality than ever before, ignoring the pathetic SP for now, LOL.
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23 | 93592753 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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