Ann: Redundancy of CEO & CFO, page-2

Thats the message, no relisting or FEDS to the rescue or any grants
this is being sold to a big boy dirt cheap
my prediction is IGO as they have $45M cash in it already plus neighbouring tenements and need the BIG MILL.
This would complete IGOs strategy & justify their withdrawal of the 47c bid in 2019.
Question is how much Trafigura will give it to them for to wipe out their $50M debt and offtake breaches
IGO could subsume the debt and rollover the offtake deals into Nova & FF plus pay $150M cash still but im guessing they are angling for cheaper between $60M to $100M to keep that $40M cash at bank and the MILL & MINE.

Whats the value on a -
- $400M MILL
- $100M producing MINE with declines to ore bodies
- 200KT JORC worth $3.2B in situ
- $40M cash at bank
- minus a $50M debt to trafigura & offtake deal
- minus C&M costs

Do you think thats worth $40M, $80M, $200M ?
many on here say less than $40M but I say BS to that.
Zeta & AFAF would get nothing for their $50M cash they invested here, you think they would accept that?
and if IGO stuffs up AFAFs holding for nothing then this would prove what Ive said all along that they have no interest in any JV or partnership with him at all. And this would follow them stuffing his holding in WSA & refusing him shares in IGO also.

IGO would become the Nickel King & Super IGO if they took PAN cheap now.
They could in this way stuff up their fake JV partner AFAF (I doubted this was legit from the start) from the WSA bid and stuff Zeta also which just recently took a large $15M cash (300M) stake at 5c

They would become the true Nickel competitor to BHP and blow away AFAF for good holding his desert blackholes with NO MILLS at Noront MCR.

IGO would then have 4 Ni MILLS at 4 Ni PROJECTS (Nova FF Cosmos PAN/Savannah) which would beat BHPs 2 mills 3 mines (1 refinery 1 smelter) so when the inevitable recovery occurs they would be a massive Ni player and ready to outproduce BHP.

Im still thinking shareholders will get a recovery of 3c-5c as IGO dont need to pay Trafigura at all nor themselves as large holders. Its pure cash at 85% of the shares.