WSA is just another flip for AF AF imho.
He had 20% of AGO and flipped that to Gina who went on to make $12B from it stuffing the LTHs like pigs, hmm where have we seen that before, oh yes ANL.
He had 30% of POS & ANL and he diluted & flipped or lost that cheap also for nothing.
Fact remains Lougher PPT WSA BOD ignored AF AF and approved IGO SOA bid "UNANIMOUSLY".
Not even 24.9% can stop the SOA, he will need to counterbid at 4.00 & IGO WSA PPT BHP Trafigura Creasy will not like that one bit and will work against AF AF.
AF AF actions have been puzzling and illogical.
His Ni empire dreams lay in tatters and yet he doubles down on failed tactics.
He has no control, no mine no mill no Ni production at all & now 4 failed Ni moves in ANL POS Ravensthorpe Noront.
Noront is a total failure imho, overpaid $450M for it with a $1B capex spend so it was pure politics with BHP and BHP gladly let him have it as they pursue their real targets in WA imho.
BHP must be targetting PAN IGO POS imho
MCR they already control 100% of offtake and 100% of its revenue so no point.
Whatever AF AF is planning, no amount of money may get it for him as he has shot himself in the feet 4 times now like B.MM have and the Ni industry has a very very long memory.
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Price($) | Vol. | No. |
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