Ann: IGO: to acquire Western Areas via board recommended scheme, page-13

I wouldn't be reading too much into these presentations nor the rationale expounded by both boards.

WSA had to squeeze a bid out of IGO, no matter how low as the takeover was getting late in the game - otherwise WSA would fall below $3.

Now done. But on reflection, one gets the feeling this was the WSA strategy all along.

WSA in play now.

What's +$1.1 billion dollars to BHP to partly consolidate the WA nickel sector in the new Elon Musk world?

Not much at all.

Above is not financial advice and my opinion only.