SIR 0.00% $2.52 sirius resources nl

There are a few that come to mind, FQM was one, but I am looking...

  1. 583 Posts.
    There are a few that come to mind, FQM was one, but I am looking bigger picture such as Jinchuan and Glencore as both were previously linked to the Nickel West assets but no deal emerged. FQM has been rationalising its workforce in its nickel mine, presumably to cuts costs due to squeeze on prices. BHP kept Nickel West after failing to negotiate a sale, perhaps they might buy the whole cow rather than just the milk.

    All the SIR holders know that Nova is a world class holding, with one of the lowest AISC at around $2.09/lb and that its hardly been kept secret the SIR preference and prediction is for nickel prices to stay low and will keep a lot future competitors underwater. A lot of diversified miners out there, the big players, are looking for future revenue streams and Nova has always offered a strategic and strong leverage to the predicted upswing in prices for nickel in 2 to 3 years. Who wouldn't want a piece of that action?

    I think IGO have got SIR at the best price anyone could have got it, I was just surprised it was now and not in 12 months time and I got caught not holding SIR, but have been buying every drop in IGO since the announcement. This is a company maker.
 
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