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24/01/22
16:58
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Originally posted by tomboy:
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AF Mitsubish and/or Sentier can now block a t.o at 90% with their 6%, 5% 5% stakes hence the SP above the bid since the bid IGO looking to sweeten its cash offer as its SP rockets to a $10B MCap. It can well afford it, a cash offer means no dilution just junk bond debt BOD, CEO & PPT unanimous approval of IGO bid is a BIG bonus imho. My call last year of 3.60-3.80 scrip bid way above the actual bid of 3.36 cash. IGO will go to 3.50 imho Cash is King.
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Originally posted by tomboy:
↑
AF Mitsubish and/or Sentier can now block a t.o at 90% with their 6%, 5% 5% stakes hence the SP above the bid since the bid IGO looking to sweeten its cash offer as its SP rockets to a $10B MCap. It can well afford it, a cash offer means no dilution just junk bond debt BOD, CEO & PPT unanimous approval of IGO bid is a BIG bonus imho. My call last year of 3.60-3.80 scrip bid way above the actual bid of 3.36 cash. IGO will go to 3.50 imho Cash is King.
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you say the it is a big tick the board and ceo accepted IGO offer i beg to differ it just shows what we have thought for a long time this board is useless and the ceo is a nice person but can't sell to the market WSA assets Also the board and ceo have bugger all shares in the scheme of things IGO made the mistake of not offering script in the first place and will have to pay a lot more than 3.36 to get WSA