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
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