SIR premium was 36%. WSA pre annnouncement of IGO talks was 2.50...

SIR premium was 36%.
WSA pre annnouncement of IGO talks was 2.50
thats 3.38
sweeten it to 3.80 maybe final price 4.00

Market thinks it will be at least 3.50-4.00 looks like.

Creasy aint walking away anywhere with a $7B MC for IGO.
He could even go to $1.5B if he wanted as it will be a SIR type scrip SOA imho.
This is his Nickel King play and looks like Bougher is IN.
They have both ignored AF as a sideshow just like BHP did with Noront.

Creasy has a great reputation in the Ni industry after that SIR run & IGO merger and didnt burn his LT holders like AF has in ANL AHZ CBM POS but made fortunes for those in FMG MCR & Noront.
AF & chinese are being cut out of the global Ni production market and just starting to realise it.

~3.70-3.80 will be the initial deal imho.

Most of the Top 20 other than AF will flip it there for IGO scrip as the major advantage is IGO becomes Super IGO then & the 2nd largest Ni producer & NI JORC holder in Oz.