Seems to me they are buying some more time to see if the Ni prices come down meaningfully after the resolution of conflict in Ukraine.
IGO has a lot to lose if WSA gets away from them - that wont be much of a prudent capital management then - would it?
Don't be a tight arse IGO. Raise your game if you want to sit next to big miners.
Ann: IGO: Update on the proposed acquisition of Western Areas, page-2
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