Pertinent market/industry news/articles, page-5568

An interesting possibility for sure and it does make financial sense especially when we remember BHP & Mitsubishi’s long history together. BHP or any other buyer would make just as much sense and for them? They’d buy our half of the Goongarrie hub agreement ( Sumitomo/Mitsubishi’s commitment to help find funding for the build ) without all the years of work it’s taken to get to this point.

They’d have decades of supply, potential for more, two great partners, new processing plant/infrastructure & a good bunch of core staff to pick and choose from ( our BOD ).

If no one picks is up then the business will still be worth the same so we shareholders are in a good position come what may.. especially when we consider the range of mineral potential from nickel to cobalt to gold to PGE etc materials.

Anyway- another day, another perspective poor ‘scary’ headline, which fails to note that BHP etc’s high costs are what has pushed them in to a corner while also of course ignoring the fact that a much lower cost & bigger operation ( sorry to all other companies but there can be only one at the top of the Aussie resource list and it’s Ardea ), being developed:

https://www.mining.com/indonesian-onslaught-wipes-out-australias-nickel-industry/

No, mining.com writer- not the industry. Large parts of it? Yes. The industry as a whole? Back to writer’s school for you.

Quick note on the price action- looks like sub 50 supply is drying up. Will we see sales below 50 cents again? Probably yes but the volume is dwindling & my bet is we slowly but surely head back to 60 & beyond from here.

Key words- slowly but surely. Late next year & beyond ( post DFS ), is my pick for the stronger moves upwards.