PRX 0.00% 0.2¢ prodigy gold nl

Ann: Exploration Update - Suplejack and Lake Mackay,IGO-ABU.AX, page-12

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  1. 2,475 Posts.
    lightbulb Created with Sketch. 855
    Additional thoughts/observations
    IGO our J.V.-Partner is having a significant capital raising 250,000,000au when Nova is
    fully funded & on budget inclusive of a good interest rate,  APAC & ALLIED our second largest
    share holder is also becoming cashed up through selling down there holdings in MLX -some 130,000,000au.

    ABU has made significant additional extensional material discovery at supeljack & that
    would very likely  promote a response from NST/TAM- taking a closer look.

    With the six additional exploration licence tenements applications also recently granted,
    increasing ABU-IGO's J.V.-land holdings by some 90% -140kms - approx. 4,900sq kms
    over the Lake Mackay Project & surrounding district, this almost encompassing the
    whole pronounced geophysical gravity ridge along the margin of the Aileron and
    Warumpi provinces.

    p.s. I just read all responses from IGO holders on H.C. with regard to IGO's intended
    250 million au this Capital Raising & there are many whom are dumbfounded as to the
    need or reasoning & quite a few have also mentioned that it could be for acquisition
    reasons !
    Is something big  brewing ? certainly hope it sparks competition with all the cashed up
    parties NST,APAC/ALLIED & IGO!!!
    we shall see what materialises !
    imo-gltah
    salt
    Last edited by Saltiga62: 28/07/16
 
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