I think this is over. Dammit.
WSA BoD twice accepted IGO's low-ball offers. Either they know a lot more than they let on or are exhausted.
Were IGO to include a corporate swap - offering shares and buying back the equivalent on-market, or organising another party to offer a share swap - many WSA holders would just fold.
Problem is, the WSA offer is cheap and IGO shares are very fully priced, so that element would be as unattractive as cash and a big CGT bill.
Dammit
Dammit
Dammit
Ash
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- Ann: Western Areas & IGO Agree Increased Scheme Consideration
Ann: Western Areas & IGO Agree Increased Scheme Consideration, page-21
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