NOTsters can be happy at this point in time about the institutions' share in the company. Baosteel and RCf's presence prevent us for a cheap and hostile take over, as it is clear we are now on the radar of some of the majors. Baosteel's deep pockets is a nice to have voor Coutts cum suis.
For 2015/2016 this may however change, Baosteel strives eventually for probably nothing more than a supply guarantee before selling off above their par, RCF is a hedge fund with a character of its own, they will exit if other opportunities arise. Will this put a cap on the SP going forward ? A dark horse will be needed to prevent high capex and own deployment by NOT, anyway in most cases only 1 out of 1000 juniors make it to mining stage (RN: This will be a mine still stands, lucky us), and then only a very low percentage does not get bought out by a major. It is highly unlikely that NOT is going to deploy for own account, given the facts that the de-risking process is much further ahead than most of us on this board think - probably due to patience game in past decade - a take over bid is coming NOT's way as the most probable scenario and outcome.
How eagerly willing will RCF and Baosteel be to collaborate with retail shareholders ? Baosteel has a diiferent interest at the side, highly unlikely that they will increase their capex for nickel as Mid 2016 price cap on Nickel is expected (Indonesia's 11 ore plants coming to life). We absolutely need to move the SP in an upward trend, how is the question, it is the one and only protection wall retail can handle and organise themselves..... How is the question.
