Ann: Appointment of Voluntary Administrators, page-41

Commiserations here, a combination of poor management, bad timing not going into C&M earlier, slow reaction to inflationary mining costs and an epic downturn in the price of Ni. The rejection of the all-scrip IGO offer in late 2019 might be a bit of a blessing in disguise for IGO holders like myself.

Nickel is absolutely brutal for miners and investors, 6-12 month booms followed by 10-15 year long busts........heard it mentioned somewhere that the Nickel market is essentially broken, and completely un-investable at the moment. Going to have to have a lot of supply switched off and this one has also taken out a small amount of copper byproduct supply as wake up call to the copper markets.

Whomever wants to buy it will be parking it for a few years as a long term counter-cyclic acquisition so wondering if that could possibly be Wyloo or IGO?