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Re: Divest post# 71248

Friday, 09/06/2024 1:16:01 PM

Friday, September 06, 2024 1:16:01 PM

Post# of 89400
The higher bids sure, but still a pretty stinky bid for a fully built, operating mine with +/- $4B worth of nickel in the ground. I don't know what the capex for that mine build was, but I would take a guess at $200-300M.
And being offshore bidders, they will be expected to pay a premium over local contenders anyway, but it wasn't enough.
I don't think they'll double their bid and I don't think the locals will favour a slightly better low-ball bid from foreigners. But, the creditors may get desperate so who knows...
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