1. AF flipped AGO
Twiggy clearly learned from this mistake and gone all in Noront
2. BHP & WSA
BHP only controls 25% of WSA's concentrate (50% Forrestania). Cosmos still remains a question mark
3. AF to block POS takeover if it happens
Much cheaper & easier to block POS (306 mil) than WSA (1.1 Bil).
POS Ownership:
- Black Mountain Metal 11.9%
- Wyloo Metals 11.7%
Yes. BHP got 30 Billion but AF will make it super expensive (refer to Noront)
4. AF too late to block IGO & WSA deal
Agreed. Things will be different if AF holds 15% instead of PPT
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- WSA
- Ann: IGO: to acquire Western Areas via board recommended scheme
Ann: IGO: to acquire Western Areas via board recommended scheme, page-143
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