Carabella Res Ltd Nsw CBLLF

HIGs takeover not what i expected, but

[NestStep]

...at current price still a good deal overall (unless Ramu closes down for some reason)

Weighted average Nickel/Cobalt prices 2017 about 50kUS$ per tonne Cobalt and 10k per tonne nickel.

Today: 54.5k US$ per tonne Cobalt and 10.59k US$ per tonne Nickel.

Now assuming they repay HIGs loan and reading HIGs annual FY 2017
it fair to assume we see between 15-20million in FCF from Ramu.

https://hig.irmau.com/site/PDF/1680_0/AnnualReporttoshareholders

The annual operating cost/G&A and so on are about 4mm, that leaves room for a dividend as well.


KBLT is highly undervalued. 
Voiseys will kick in 2021 as well.

[BarnFind]

This looks to be a good move.  Like you said, not what was expected, but the result is good - better.  Nice to see cash flow that can be used to expand the Ramu holding by buying at market.