Ann: Western Areas Responds to Media Report, page-28

I consider WSA will make a formal all scrip bid at ~$3.40 get to 51% then increase to $3.51 being the $1B MCap.
Its still way cheaper than the SIR bid of $2.1B back in 2014 in fact less than half SIR/Nova.
SIR is now worth $3.5B to IGO and 43% of all its revenue producing 33ktpa, triple that of WSA production

https://www.igo.com.au/site/PDF/e9a...035/CY20MineralResourceandOreReserveStatement


IGO takes a 21.3% stranglehold on PAN too & board seats there with likely PAN controlled as well.

BHP & Trafigura & Creasy are ones behind this bid and are the winners imho .
AF & Chinese are the loosers in this imho.
Chinese offtakers will be cut out imho

Long term looks like IGO, SIR, WSA PAN will become one super entity to rival BHP Nickel West.
A Super IGO
(Not Supermarket IGA)

WSA LTHs must be happy after years of yoyo INSTO trading on here.
Shares in this Super IGO will be more valuable than cash imho just like SIR LTHs discovered.
BHP & Trafigura will be very happy.
Creasy is the Nickel King.