BHP can dust it off as much as they want for as long as they want but I doubt that they will get hold of the keys at POS.
It is clear that AF is interested in developing nickel assets and I am sure that his plan, whatever it is, does not include selling off his stake in POS. His blocking stake, which could be easily and quickly increased, is a key to any takeover activity.
However, a ruthless and cheeky, yet serious, bid for POS from BHP imo would be a good thing as it would:
- Get the SP up to reasonable levels about of the repetitive rut that it is tracking through,
- Clear a lot of the cr@p activity from manipulators out of the POS SP pipes,
- Give the BOD the wake up call that it needs to extract the digit the get a move on, and
- Put BMM into a position where they need to consider their longer term plans and come out of the grass here i.e. put up or shut up.
My thoughts only on a number of possible scenarios here. DYOR.
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0.5¢ |
Change
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Mkt cap ! $16.71M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $3.993K | 859.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
75 | 64320256 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 6658037 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
72 | 63070256 | 0.004 |
35 | 31615925 | 0.003 |
16 | 17500475 | 0.002 |
15 | 20600201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 6525230 | 18 |
0.006 | 27948805 | 15 |
0.007 | 34496522 | 27 |
0.008 | 6846921 | 14 |
0.009 | 3335055 | 10 |
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