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...and most likely an all scrip bid...preserve the cash

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xanax

356 Posts.

192

20/12/23

23:15

Post #: 71558345
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Originally posted by tomboy: ↑

What IGO is pondering right now as PAN is in VA are the following imho:-

- do we lose $45M cash in our 15% stake here which reduces to 0 if we dont bid, easy NO WAY imho
- can we deal with Trafigura & keep offtaking with them, easy YES, already have FF Nova deals with them
- do we bid for PAN way cheaper than the 47c bid in 2019? easy yes imho
- do we need that large MILL near our tenement, YES for sure
- if AFAF bids for this we will lose that mill, tenement development & $45M cash
- after being burnt with shuttered WSA $1,100M is PAN worth 10% of that at $100M
- are PAN assets worth $100M if WSA assets were worth $1,100M?! derr.
- will NP go higher next year
- as we have $750M cash at bank can we afford to spend $100M & save $45M?

pretty easy decision in my analysis for IGO.
Question is will AF or BHP be interested also, I doubt it.

IGO is the only gamer in town that I can see right n

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...and most likely an all scrip bid...preserve the cash

PAN Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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