Ann: Binding Heads of Agreement for the Sale of Lake Johnston, page-72

Investor Bob

4,162 Posts.
491
Date:
21/03/24
Time:
02:38:40
Post #:
72984938
Yep MIN LTHs on HC think they bent us over the park bench.. read this guys post.

MIN MCap is UP $675M since this deal was announced and POS Mcap is flat at $24M
LOL no change

Amazing how the market sees massive value in LJ now under MINRES but not under POS.
Its all about their $1,400M cash to fund the mines mills tenements and good marketing phrases like "Li hub" and that massive LJ MILL

The biggest loosers from the LJ sale are BMM AFAF BHP IGO imho not POS which has guaranteed its survival and future for 20 years imho.

Instead of AFAF offering $100M cash for LJ with a massive MILL he bought the bhp dog MCR for $760M & deserted blackhole Noront for $450M with NO MILL and lost $1,200M cash on them, DUFUS.
AFAF will be ropable on his bad decisions,
Instead of making fortunes on POS/LJ AGO WSA PAN ANL, he lost fortunes on them instead
And LJ is yet more proof of his disastrous touch in Ni
MINRES proved how it can turn POS assets into fortunes overnight & by production restarts.

MINRES is leading the way for POS & doing what POS ought to have done in 2015 at LJ.
POS couldve sold LJ for $140M cash & 5% royalties to MIN and MIN would still be up $675M in Mcap as a result.
Big boyz & INSTOs who follow the Li Ni industry now eyeing off POS mass assets & shares under a dirt cheap valuation. Payback will be on its way imho.

MINRES OWES POS BIGTIME imho