Ann: Battery Metals Conference Presentation, page-20

Yes - interesting article

However this Nickel will already be acounted for ;
ie. Sold or covered by option for Positions.

Warehouses doing this must be fundamentally involved in the market directly , to be able take delivery of physical commodity - paying all transport , storage and maintenance costs for the metal or commodity to do so .
** needs very much - to be a forward ‘Higher than carry ‘ return to do this .

Imo - no way will they not be covered to the downside .

Or - as article purports - this is already Sold metal .
Sold to fulfil delivery farther out - where longterm futures yielded a significantly higher price/tonne, for the grade and type held .
Also by removing from Spot market - also supported spot , base price & demand .

Boggles the brain a little to think it all ., right through —
to think of the end-sum game and effect on Prices overall .

By selling into forward demand- reduces demand at that future time , as long as the high price was not a symptom also of increasing demand coming on , over time . This keeps control in hands of commodity brokers and end- users , buyers more .

This is also the “why” - for holding until further out delivery and sales .
To be able to capitalise on and take advantage of the move in nickel prices into the next years and decade , higher prices and demand for commodity .

BOLTA . This is a great company , in the making

Management is clearly , carefully and steadily executing the longterm plan -
St George Will be a Mine .