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entropylord

13,988 Posts.

1055

09/05/23

22:43

Post #: 67689139
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Originally posted by Mason8: ↑

Wishful thinking.

I now have doubts IGO would even bid for PAN.

For starters, IGO is consumed with their recent acquisition of WSA.

IGO also has an interim CEO (doubt he would want to take on such decisions).

Lastly, I would assume, IGO would want to see PAN become operationally viable/ profitable first.

IGO has a market cap of about $11B VS PAN’s tiny $267m (they could literally fart out a script offer and it would barely dent their share price) and yet they still haven’t bid for the company - Says a lot.

Now just being realistic with my views, no point being hopeful (Will get you nowhere).

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You are right about IGO imo.

PANs concentrate might not fit well with IGO’s processing plans either, location and existing offtake certainly aren’t helpful.

PAN Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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