RE:BHP says reform to LME nickel contract ‘long overdue’Uh huh.... add this to the dust bin of about 1000 other similar random nickel posts, articles, reports and snippets you posed as this dropped from over 4 dollars to nearly a buck.
Endzone please directly answer this question. You claim that the Anglo deal is meaningful and that they are believers. So why isn't Anglo buying now? Remember as they hit 10 percent ownership they have to start disclosing this in a sale. The volume is low. The stock price is well below their PP so why aren't they buying?
They gave CNC money. CNC in return gave them shares which they can be selling right now as we speak and in return for this they now can buy 10 percent of any bulk tonnage they produce.
EndZonefor7 wrote: BHP Group, the world’s largest-listed miner, said that the London Metal Exchange’s nickel contract does not represent the physical market and reform is “long overdue”.
https://www.mining.com/web/bhp-says-reform-to-lme-nickel-contract-long-overdue/