Im back from a 7 day suspension due to alleged profanity.
Edited version....excluding alleged profanity
Who are Pershings clients in Aust...try BNYM bondholder clients
Same as in MBN.
Who is Pershing, BNYMs subsidiary,
whose clients are backed by BNYM, Pershings...see below!
"Part of the BNY Mellon Family
In 2003, Pershing was acquired by The Bank of New York, the longest-lasting financial institution in the United States. Alexander Hamilton had founded the bank in 1784, had written its constitution and guided the organization through its early stages. The bank opened for business at the Walton House in Lower Manhattan on June 9, 1784, only a few months after the departure of British troops from American soil.
In 2007, the merger of The Bank of New York and Mellon Financial Corporation formed BNY Mellon. Today, BNY Mellon is the Investments Company for the World, providing
Pershing and all its clients the backing and resources of a global leader."
https://www.pershing.com/about/pershing-at-a-glance
join the dots ............................................................ !
BNYM & US bondholders provided MBN with AUS$700M in funding to build the largest Ni Sulphide mill and 2nd largest foreign owned mine in brasil to Perths MBN when their COP was at US$9.40lb.
What will BNYM/Pershing do for POS with no real debt and a clean slate backed by AF with COP at US2.50-$3.43lb?
Theres your $20M funding when you want it, just add a decent NP of $4.75 and a low COP
Theres your Ravensthorpe funding of US$400M in 2009
Theres your SS LJ EA W funding x 3 of $50M when NP trend justifies it.
Fredy told us, they wait for the NP, funding and offtake are done deals. He is right.
Tsingshan is the Ni buyer/offtaker with a right of preemption whose exclusive deal is with POS in Aust
BNYM is the funder using debt bonds given a nice cheap 20M set of shares as a bonus for the right of preemption.
Its all set up and you motley crew cant see through the fog of a low SP!
...the tsunami will start sooner or later through the fog.
The Art of War...never let your opponents know or predict your plans, be unpredictable.
Welcome to POS all you MBN shareholders and US bondholders.
POS is the new SIR, the new MBN, it has the new NOVA
POS is the 3rd Force in Ni Ore.
(20min delay)