That morning breakout to 3.17 was a telling signal. Someone big...

That morning breakout to 3.17 was a telling signal.
Someone big is still buying,
Likely to be IGO & AF both.

Should be an all scrip bid at ~3.60-3.80 imho.
This will allow IGO to invest in mill upgrades and more drilling.

IGO proposal of a SOA wouldnt be discussed unless WSA BOD already had an interest in it, it would have went hostile already. Lougher has ignored AF totally looks like just like BHP did with Noront.
If AF really wanted WSA rather than to flip for a profit like he did with AGO, he would have been at 20%, on the Board himself or with a rep and proposed funding and alternate offtake cutting out BHP but he hasnt.

AF should flip for a good golden handshake I am expecting.

While media is hyping it, INSTOs are waiting to sell out at the tops, maybe even wait to the end game as no need to hurry looks like as IGO has it sorted looks like.

IGO scrip is highly regarded
Creasy is highly regarded in the Ni Industry. The fortunes he made for all in SIR & IGO is a great resume.
Creasy becomes the Ni King.
Lougher the kingmaker.

The combined synergies look very good.