IGO Takeover offer, page-57

Obviously you missed the IGO initial substantial holder notice from NAB in the days after this announcement, they were already substantial holders of SIR. So contrary to your "analysis", the banks are actually increasing their exposure here. They were also lining up to fund Nova's development, and SIR were able to negotiate a very astute debt facility as a consequence.

You should probably start talking the nickel price up, or you might end up holding a producer that can't afford to produce. Strategically a downtrending nickel price just increases the market share SIR have to look forward to.