Why I think that if IGO bids it needs to be at least $4.00 per share., page-92

SOA is not a bidding frenzy
Its a mutual merger backed by BOD and major holders, AF ecluded.

If you are waiting for the white knights BHP AF to bid and trump IGO I cant see it happening with those financials.
If AF really wanted WSA it would have been done last year already & he would be on the BOD.
BHP controls 50% of WSA offtake already & likely will cut out Jinchuan soon.

3.60-3.80 SOA in scrip/cash 20c is my call for weeks now.
Thats generous and a 7 year high.
Creasy wants Lougher in his tent looks like & Lougher not interested in AF looks like.
Not surprised.

More SP upside imho from here.