WSA 0.00% $3.86 western areas limited

Ann: IGO: Update - Western Areas Scheme of Arrangement, page-13

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  1. 2,891 Posts.
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    Risky from WSA, they have promising ore in the ground and a marginal mine, IGO offer was fair but probably needed a sweetener, blind Freddy could see short to medium term upside had increased.

    If IGO pull the bid WSA are either going to have to raise cash at a 15% discount
    to fund existing projects ASAP or risk falling 15% and then having to raise cash at a similar discount.

    At first glance looks like WSA have the upper hand, but if there is no other bidder, IGO will eat this alive
 
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