Well someone had to raise it, anyone with the cash to make...

Well someone had to raise it, anyone with the cash to make acquisitions in the Nickel space would want to feast on something at current prices, and there is nothing better than Nova. I think if Glencore had of picked up Nickel West from BHP then it would have been a given they would want Nova to supply it. Perhaps now with BHP and Glencore splitting the offtake from Nova between them the prospect of a bid now not so high, but at the current values why not wait for the merger and buy both.

Short positions continuing to fall on IGO, so expect to see some rallying in Sirius shareprice.