Not often I disagree with you Roy but I would be very surprised...

Not often I disagree with you Roy but I would be very surprised if IGO are interested, they’re chasing nickel sulphides.

The last notice by the company made it fairly clear that both nifty and wingellina are to be sold and the focus to be put on Renison - which is where APAC saw value and where I see value. Wingellina is far too capital intensive for a company of MLX’s size and whilst it’s disappointing Jinchuan didn’t step up to progress the project I do think they’ll get something meaningful for it relative to current market cap (which doesn’t need to be much). 2mt of nickel and a decent cobalt credit is nothing to sneeze at.

The recent announcement also flagged a capital raising and nifty C&M to be brought under $1m per month.. I think all negotiating tactics in the nifty sale process and I’m not convinced a CR will happen though I wouldn’t rule out a small placement to APAC (that would be crook AF). Directors now wetting the whistle which indicates that’s the end of the bad news and they’ve cleared the decks. Nifty sale at anything more than a dollar should see this bag quickly and I think there’s a good chance of that occurring, what are SFR going to do with their workforce in 24months once Degrussa runs out? My guess is relocate them to Nifty...