POS 0.00% 0.4¢ poseidon nickel limited

ABSOLUTELY RIGHT !!!!!!!!! AF DOES NOT LIKE NICKEL !!!!!!!! HE...

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    ABSOLUTELY RIGHT !!!!!!!!! AF DOES NOT LIKE NICKEL !!!!!!!! HE HAS NOT INVESTED IN WSA, MCR & POS. AND THE ARTICLE RELEASED TODAY ABOUT AF WANTING TO BUY 100% OF NORONT IS NOT ABOUT NICKEL !!!!!!!! IT IS ABOUT HYDROGEN !!!!!! ALL THE TALK ABOUT HYDROGEN BY AF IS NOT ABOUT ENTICING THE GOVERNMENT TO GIVE GRANTS FOR HYDROGEN TECHNOLOGY DEVELOPMENT !!!!!!!! AF IS NOT PLAYING A GAME OF '' HEAD I WIN, TAIL YOU LOSE''.

    SO, IF AF DOES NOT BELIEVE IN NICKEL, WHAT IS THE ARTICLE BELOW ALL ABOUT ???????????

    Deals

    Wyloo raises offer for nickel miner Noront aftertalks end with BHP

    Reuters

    ·

    2 minute read

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    • Summary
    • Wyloo raises offer to C$1.10 a share, 47% higher than BHP's
    • For now, Noront's board recommends BHP's offer
    • Wyloo is Noront's largest shareholder with 37.2% stake

    Dec 13 (Reuters) - Australian billionaire AndrewForrest's Wyloo Metals on Monday raised its offer for Canadian nickel producerNoront Resources Ltd (NOT.V) shortly after failing to come to an agreement to support a rival bid by BHP Group (BHP.AX).

    Wyloo, Noront's top shareholder, increased itsoffer to C$1.10 a share, valuing the Canadian miner at C$616.9 million ($485.25million), 57% higher than its prior bid and outmatching BHP's C$0.75 per-shareoffer.

    The move by Wyloo is the latest twist in thebidding war between the two miners from Australia for the supply of a keybattery metal used in electric vehicles.

    With a stake of 37.2% in Noront, Wyloo said it doesnot intend on supporting any other offer and that "a competing take-overbid will be unlikely to meet any minimum tender condition."

    For now, BHP's offer has the support of the Norontboard and requires minimum acceptances of 50%, it said.

    Following months of competing bids, Wyloo had beendiscussing about supporting the offer by BHP, the world's largest listed miner.

    At the heart of the tussle was Noront's Eagle Nestnickel asset in Canada's so-called Ring of Fire, a high-grade deposit of themetal, as well as copper and palladium.

    Noront and BHP did not immediately respond torequests for comment on Wyloo's sweetened offer.

    ($1 = 1.2713 Canadian dollars)


 
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