My.....The Forrest is busy, and it looks like our little Australian squirrel Twiggy doesn't mind shaking anyone's tree to see what drops out. In Canada he managed to deny Noront from being taken by BHP....or so it would appear, and in Australia now he is busy denying IGO from being taking Western Areas. Boy...He sure doesn't mind pissing off others to get what he wants. Some would even call him a real ___________ disturber, if you ask me. But an article like this just goes to show you anything can happen at the last minute. Even when you think the deal is done.

So...Back to Noront....March 31st is still over 2 months away...IMO....One little NR during that time could change everything...Further derisking the Ring of Fire and placing Noront in a different light for all to see. If that should happen I do not discount the return of BHP to shake the Forrest in the hopes of uprooting his own tree. Our Forrest, being the busy little squirrel he is, has spread himself very thin across the globe buying everything in sight to support his ventures...Whether they be to support EV adoption, or hydrogen as the next green energy.

All of this spending could limit the resources he has to defend the projects he is involved in, which could come back to bite him. Unless he has allied investors outside of his green hydrogen ventures to back him up on the nickel side of things I think he knows he has to be careful not to make himself too vulnerable.

As they say...." Karma's a _________", so don't get too comfortable Andrew...There 's still lots of time for payback.

https://www.afr.com/companies/mining/forrest-fuels-another-nickel-bidding-war-20220126-p59rb4

.....That means Dr Forrest either needs to continue growing his stake in Western Areas if he wants to directly block IGO, or convince other Western Areas shareholders to oppose or abstain from the vote.

Western Areas shares have traded above the offer price since the day it was announced on December 16, reflecting market expectations that Wyloo would either make a higher rival bid or find another way to compel IGO to pay more for Western Areas.

....Wyloo’s latest buying spree will only add to the challenge IGO has in convincing Western Areas shareholders to support an offer that has been below market rate for more than a month.

Nickel prices have also complicated matters for IGO; prices for the metal were below $US9 per pound on December 21 but have rallied to decade highs of almost $US11 per pound in the past week.

Investors have keenly sought exposure to nickel in the past three years, in the belief demand will rise strongly in line with the greater adoption of the modern batteries that power electric vehicles and other devices.

Western Areas has an ageing nickel mining province near the Western Australian farming town of Hyden, but expects to spend at least the next 10 years mining nickel at the revived Odysseus mine near the WA goldfields town of Leinster.....

TM.