I'd hate to see any takeover/buyout at the moment. The sharks are circling all the big Nickel and Lithium mines because they know everything is disgustingly undervalued in this market. The MCR takeover bid was criminal. Much like buying up houses from foreclosures during the GFC. In the blink of an eye, nickel demand will skyrocket even higher, it's a no-brainer. Car companies are shifting to electric vehicles, and house storage batteries are going to transform urban houses with pre-existing solar setups.
We have battery grade nickel, not knife and fork grade like Indonesia. Things will be good, and this news just shows we're sitting on even more than we thought. We own solid grades of sulphides in the NIckel belt of WA. There's talk already about funding from elsewhere, so capital raising likely wont be at our expense. For now, we have to endure the undervaluation and usual fickle ASX antics that will test our patience and tolerance.
