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.
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An interesting possibility for sure and it does make financial...
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Last
52.0¢ |
Change
0.040(8.33%) |
Mkt cap ! $103.8M |
Open | High | Low | Value | Volume |
46.0¢ | 52.0¢ | 46.0¢ | $51.6K | 104.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 872 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 5497 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 872 | 0.480 |
2 | 5466 | 0.475 |
1 | 16000 | 0.460 |
2 | 60000 | 0.455 |
6 | 38100 | 0.450 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 5497 | 1 |
0.530 | 50950 | 1 |
0.560 | 15000 | 1 |
0.595 | 6009 | 1 |
0.675 | 5313 | 1 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
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