Consolidation of Nickel Producers Begin, page-166

Volume remains anaemic

always a signal that no sellers here & ramp is imminent.

it was 11.0c on 1 jan 2022 nig long ago.
FTM strategy took it down but LT its larger revenue & production at way larger margins & payability.

POS BOD better start releasing news to avoid this hungry oligopoly formed of BHP IGO AF who seem intent on sweeping up all Oz Ni produceable assets.

BMM last bid in 2018 at 6.0c theyve been eerily quiet especially at these lows as they are under water at 5.0c which they got in 2018 at 19.7% & most of 8% they flipped at 10c-15c in 2021.

BMM will likely sell its 11.7% at 10-15c again but i doubt theyll sell at 5-9c imho.

meaning the ramp will be incoming sooner or later. BOD have the MST Access report at 17c to 27c as a npv at a pathetic 20% of capacity so any bid below 12c will be rejected imho.

padley would be spitting chips at any bid below 11.0c where many of his army got in here.

target price looks to be 12c-23c imho
the longer the SP stays low & this stalling BOD stays stalling the more a cheap opportunistic bid around this price 6c may be made

BMM bid in 2018 at 6.0c.

POS is a target no doubt about it.