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...
It's an interesting Copper and Nickel Tasmania situation here:
(Divest, love the way you lay things out btw, well done...and thanks for pointing out who the "Foreigners" are.)
1. Balfour Copper. "In-situ" value. "Hiru Corporation (HIRU) is engaged in an active partnership mining concession arrangement with concession rights for the Balfour Project in Western Tasmania. Hiru has exclusive rights to explore, develop, and exploit the mineral resources, with an estimated in-situ value of Au$191.5 million to Au$446.7 million."
Whether it gets developed, or turned into a mine years down the road, or sold as a resource, or some other arrangement is yet to be known. But Al Thani/Thorp likes it, and we'll see what they plan to do with Copper in Tasmania.
Either way they have a local Advisor, Geoffrey Summers who knows the area and game very well.
2. Potential Nickel in Zeehan area. Already existing mine in the area, possibly linked or separated.
Same, they have a local Advisor, Geoffrey Summers who knows the area and game very well. He has concessions and explorations sprinkled all over Tasmania. And additional powerful financing potential, presumably.
...and someone who knows the ESG game, and community/jobs environments.
Someone in the "Middle East" wants Nickel in Tasmania.
"Thorp has extensive experience in financial and management, managing international investments across the UK, Netherlands, and MENA. He now leads a successful international firm in Qatar. Mr. Thorp's extensive experience in both financial and management roles spans across various international markets, including the UK, the Netherlands, and the MENA region, making him a valuable addition to the Hiru Corporation team."
MENA = Middle East North Africa
____ Qatar and Company are trying to secure Copper and Nickel in Tasmania. They are attempting to do it with a Local well known Australian advisor. What will Scott Langdon and parties, etc, have to say in the final matter? Of course I don't know anyone, and who else are at the strings here, I'm just a hack. Unless the wheels fall off, Al Thani/Thorp are involving, and have invested in a tiny little storied OTC stock, HIRU? Five O Clock somewhere...
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