It's been interesting to learn today, that there's now a contingent of very very wealthy of investors (Saudi, Dubai) circulating around Australian mineral and metal companies.
Apparently these guys are diversifying into EV components away from O&G.
As I understand it, Their view is, buy under performing companies with infrastructure and permits in place.
To me ANW would fit their requirements perfectly.
The first thing, I understand they also do, is remove the existing management team, then bring back who they want, on their terms.
They may invest in non for profit companies, I hear they don't stay that way. they have an uncanny ability to turn companies around.
Times ahead maybe, just maybe, more interesting than we were expecting.
Remember it's street talk but usually, where there's smoke, there's fire.
As always DYOR.
ANW Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
