Per Nova running out of ore. I stated before that may be the case but they have Mark Creasey on board, not literally (now holding an extra $20 M), who will deal on Silver Knight.
Also before this deal, I bought IGO on 2 precepts:
1) they were spending $60M p/y on well targeted exploration.
2) they had say $350m of Cash plus cash flow to do a decent deal.
Even if part two is wrong, I wouldn't discount the importance of part one. People will say speculative, speculative. Yes mining is. However, it can work for people like Mr Creasy. To a large extent it depends on persistence and targeted use of information ( knowledge) available. Again I point to Mr Creasy. He'll be the first to tell you even if one least know his (legendary) back story [mostly I was sacred of the guy when I met him, he brooks no BS].
iGO Tianqi, page-132
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Last
$4.89 |
Change
-0.110(2.20%) |
Mkt cap ! $3.703B | |||
| Open | High | Low | Value | Volume |
| $5.10 | $5.12 | $4.89 | $24.02M | 4.869M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 24489 | $4.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.91 | 5000 | 1 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| IGO (ASX) Chart |