Anyone else think the following facts are curious:
1. Fidelity are the second largest shareholder in IGO
2. IGO suddenly pull out of suicidal Goro/NCZ deal
3. IGO announce last week they are selling Tropicana stake in response to “activist institutional demands” and to focus on electric vehicle battery materials.
3.1 The above leaves IGO with Nova Bollinger with no exploration upside and 4-5 years mine life
4. IGO chairman “resigns” - probably due to crummy direction and dumb JVs with every sulphide wannabe explorer in Aus. Likely part of this same investor directive that pushed all of the above.
and now....
5. Fidelity appear on BSX register with $8m PRE scoping study....
where there’s smoke....
Ann: Blackstone to raise $21M in Placement and SPP, page-94
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