Consolidation of Nickel Producers Begin, page-177

a bidder around 7.5c at this stage would get a large holding of 20% for free carry imho.

Some of the 10% left that were taken at 5.0c in 2018 and other brave lowballers of 10% who got in at these lows at 3c-6c might be interested in flipping at 7.5c-8.0c like AFAF did.

But that large majority of 75% who got in at an average 11.0c (maths posted many times before) especially that 400M at 18.0c CR from 2015 and the 300M at 11.0c CR 2020 & those 3 tranches totalling 900M around 7.7c-13c that AFAF & BMM flipped off for a pathetic small profit well none of those holders will sell under 12.0c imho.

on my maths some 75% of holders got in at 11.0c, this includes me who was buying at 17c, 27c, 11c now averaged down at 5c & 3.5c etc.

Any bidder will have to realise that most POS holders wont sell under 13c imho.

So its up to PH & this BOD to get the SP UP to avoid this scenario.
But are they like the lacky MCR BOD and why they stalled for so long.
Are they the trojan horse as I called them years ago?

Will this suitor accumulator who we call MD & has been here for years finally reveal himself?
And why has he used BNP french bank as broker cover and not CS UBS Citi Argo?

Derisking you say, it was derisked years ago when DS bought BS SS LJ for a song & even more so when that massive open pit was secretly dewatered last year.
Its now all about restarting & NP and has been for years now.

POS can produce profitably at ANY NP imho.
Been saying this for years on here.

START HER UP & release the animals spirits.