I was a (small) Allegiance shareholder when it was taken over.
I did well on the takeover but was disappointed when I heard the mine was subsequently mothballed....but the nickel won't have gone anywhere and this acquisition is just in time for another very strong nickel market.
I nearly fell of my chair when I read that MYL was picking up this asset. There is some serious upside here, with a management team that is well placed to achieve some very strong outcomes for shareholders.
You beauty!
Rosco
MYL Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held