Interesting acquisition but geez they have a long long way to go before production. Bear in mind IBG have a war chest of $50M for such prospects and would have reviewed all the Kagara assets. You could be right though, as the market might quickly re-rate for the potential. Not for me, as IBG is king and OVR the knave while AUQ continues to be the court jester.
Interesting acquisition but geez they have a long long way to go...
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