ARL 2.46% 59.5¢ ardea resources limited

Short of an unmitigated natural disaster (or a dastardly CIA rug...

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    Short of an unmitigated natural disaster (or a dastardly CIA rug pull to bring down the US economy and government), it's in the bag, guys and girls.

    1. Japanese Consortium confirmed that their technical due diligence (the trickiest part) is completed.
    Thereafter, they didn't walk away. Instead, they stayed on and proceeded to work with ARL to progress the next stages in preparation for the DFS.

    2. Potential expansion of processing from 3.5Mt to 4.0Mt. This idea would more likely be instigated by the Consortium. SMM?
    They're into massive projects, eg. Indonesia and Africa. Size is their thing. Much like BHP, RIO and Glencore.

    3. High interest shown in the Strategic Partner process regarding Goongarie project financing.
    Mitsui's exit from the Consortium did not reflect the wider financial market's view of the economic viability of Goongarie.

    4. Strong interest shown in Ni/Co offtake by multiple companies.
    The current GS media chatter about "excess" Ni/Co supply and low Ni/Co prices has not deterred the multinational manufacturers.

    5. BHP, Twiggy, and several Aus Ni-producers are doing a type of mini-cartel thing to stabilise Ni/Co prices.
    GS' Palantir crystal ball failed to peer into the minds of these Ni/Co producers.

    It's in the bag, guys and girls. Short of an unmitigated natural disaster, or a dastardly CIA rug pull to bring down the US economy and government.
 
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