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
Hi AveJoe, I can't agree,IGO have not announced that they are...
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Last
2.7¢ |
Change
-0.003(10.0%) |
Mkt cap ! $29.39M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.6¢ | $509.3K | 18.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1342252 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 798284 | 3 |
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