Hi Dave,
I would say that Nickelhead has calculated what AGM can give to him as a business and this is what he is basing his sums on, not what the individual days on the market say the SP is.I think ceos should be a little more farsighted than the next three months.He needs to be looking 5 to 10 years ahead and that is when the real benefits of a purchase are noticed.Bear markets dont last 10 years.
In relation to "The beards do not want this bid" comment, it was more in response to the insinuation from andrewe(melua) that the beards had asked Nickelhead for this bid. That is why the word unsolicited was there.
And in response to the second ball mill, there is no second mill yet but I was being sarcastic to the subsequently banned poster who suggested the ball mill was yet to be installed.A second mill isnt needed as yet since this mill will be increased to 15,000tpa output.
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