Ann: Thick Intercept in Deeper Drilling of Conductors, page-110

Hi AveJoe, I can't agree,

IGO have not announced that they are out of PAN.

What IGO did announce is that they will not participate in PANs $31million 1 for 6 non renounceable CR as IGO believes it is a breach of a condition of their takeover bid. The TO bid is still in play.

On the SGQ front, JP did say that that out nickel project may well be a bolt on opportunity for a peer. IGO may well be running the ruler over our nickel prospects.

Whoever it is, I suspect that it will be cash offer for the MA tenements rather than a TO bid. My bet it is BHP.

In this scenario, SGQ accepts a pile of cash for MA and looks to stay in business with exploration of our other nickel and gold tenements and maybe the shareholders get a special dividend. (all speculation on my part)

Cheers
Mulac1