Yeah right. Just like Tolga and Swami knew weeks before the announcement that they were looking at Goro, whether or not this is going ahead will be known by the well connected well before the announcement comes out...
People should go through NCZ’s plan and ask a very simple question - which one of these things can’t Vale do and why are they supposedly willing to spend 100’s of millions to get rid of it. If the grand plan is just removal of the refinery part of the flowsheet and sell saprolite, why couldn’t Vale do this?
My guess is IGO want this asset if it all goes well but do not want to get their hand dirty if it all turns to a pile. Their recent placement was probably contingent on this bid.
Good to see that NCZ have their eye on the ball, haven’t had a CFP quarter and going for another large acquisition.
NCZ Price at posting:
23.0¢ Sentiment: Sell Disclosure: Not Held
