New all time high, page-7

hahaha
its not AF, no chance in h@ll.
He aint no white knight nor a Nickel man any longer nor is he the farmer or broker he once was.
He is now a jetsetting globalist greenie gasping H hot air gas now flying the globe with the neolibs telling Musk how EVs & spaceX propane are bad while banking massive $1Bpa divys from FMG.

Yet, AFs Nickel empire dreams lays in tatter as Ive called it for 3 years now.
AF was too shy to outbid $1.1B for WSA let alone $12B for IGO instead again cashing in his pathetic 25% gain.

AF was former CEO of ANL which went bust in 2003 or so
AF was also unable to snap up Ravensthorpe using POS in 2009 for $300M as the owners went with FQM for $260M instead and ignored AF
AF also flipped his 20% "strategic asset" in AGO for a pathetic 25% gain burning the 40,000 aussie battlers there dirt cheap & he missed out on $5B for that stake as Gina went on to make $16B from it. LOL.
Then theres the pathetic recent selloffs of WSA POS & that pathetic buy of Noront low grade arctic $1B cashburn black hole.

IGO refused to allow AF to get on their share register in the WSA t/o which they converted to cash & the WSA BOD ignored AF inthe IGO bid. Quite insulting. IGO has shown they dont want AF in there at all.

Every time i hear AF is gong to come to the rescue or make a bid just look at the past history and see the reality of his actions therein.
The prospect of him changing his behaviour at his older age as now the 2nd wealthiest person in Oz is HIGHLY impossible.

However, the rumours of BHP making a bid for IGO makes sense and have been circulating a while now.
BHP cannot allow IGO to cut them out of that 50% or 25,000Tpa of offtake to BHP mills or allow IGO to build its own smelter & refinery as they are planning to do as this would break their monopoly and we have seen BHP take major action to preserve that monopoly in the past.

Yet BHPs recent t/o of OZL is yet another $15B cashburn mistake just like the WMC t/o was and it will cost them a decade of cash and time wasted. Their strategy to pump up isolated Mt Keith with only 0.5% low grade also looks a failure as is their $2B capex burn on upgrading refineries with no extra ore to supply them with, LOL.

Someone is betting IGO finances are booming (correct) or a bid is coming from somewhere (possible).
Some top 10 holders are also betting that the SP wont go much higher from here and are cashing in massive chips here.

Forget AF its a market rerate in process for easy gains here imho.