Its showtime now. Money owing to Glencore is of no concern as the next round of the claim against Fluor amounts to around $300mill while Fluor have no counterclaim. Best of all, bond holders have signed away their rights to this money, so ANL will get 60% of it.
By June this year, we will have a good indication as to plant performance. Ore reserves wont be a problem, as ANL will be generating substantial cash by next year, a war chest to take out junior players in the future. All the setbacks in the past concerning laterites have scared all companies away. ANL will get it right now after this capital program and will be the big kid on the block in WA. As far a junior players are concerned, all roads lead to Murrin Murrin.
I expect the price to trend upwards (small dips in between due to traders trading the stock), but as days go by, more and more stock will be taken off the market as the big boys scramble for more. Supply and demand will take care of the rest.
The woods are clearing and the forrest of nickel will sprout in WA.
