IGO takeover of SIR exposes SIR for what it really was, a target sellout shell for creasy, MB given a gold shell in exchange, collyn proven a b... artist on his sir takeover talk of pos by sir. Those who bought in too see ni production sorely dissappointed as creasy sells out midstream at low NP n before those 7 qtrs of massive cashburn.
So now SIR LTHs get barely any cash n IGO shares instead n wait 2 years for nova production turning igo into a mini south32 type gold cu ni miner.
For POS and its SIR LTHs like dennis, natnom, citi, jp motgan, they now have a great reason to cash out n ramp POS SP as the SIR ramp is over and they will not want a small interest in IGO. IGO SP will be negative for a while then negative from cashburn for 2 years on the nova construction.
where will MB go? What stock will SIR holders continue to pile into? What is the next SIR.
How about 14c POS which is ready to produce at 4.4MTpa ore n 55KTpa ni conc next 6 months? Valued st $95M? But ought to be much higher.
Will AF do a creasy with POS shares at 14c, I dont think so. At $3.00 he may have. With MB he can now move to pos joining dennis. SIR LTHs to pile more into cheap POS SP. IMHO. Sp is way too cheap. But this deal is great for POS SP & Debt funding.
If SIR can get $450M debt n $250M cash with no mill why cant POS with 3 mill operation ready to go now, not in 2 years? The igo deal shows just how undervalued pos is.
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $18.56M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $9.661K | 2.404M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
90 | 66568063 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 16479836 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
86 | 66062563 | 0.004 |
38 | 39232259 | 0.003 |
17 | 29250475 | 0.002 |
17 | 24100201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 16379696 | 28 |
0.006 | 28529180 | 19 |
0.007 | 37026598 | 36 |
0.008 | 7029072 | 16 |
0.009 | 4338007 | 13 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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