I am going on the basis IGO has been very “generous” with their bids, eg SIR and PAN, and if consistent I expect the offer to be about 60% above the baseline of say $2.40, so in the high 3’s, say 380 -390.
With Nova so mature they must be getting desperate to stay in the nickel game, so desperate for something like Odysseus. Also desperate to have some decent exploration targets in elephant country and desperate for some large low grade resources that they can at least study and talk a lot about.
WSAs assets might be better in a bigger, better resourced company such as IGO. They might genuinely be able to add value to the low grade deposits. However personally as a past very LT IGO holder, very pissed off with the shareholder value destruction from the SIR takeover I will certainly not be retaining any IGO script offered. Imho they care more about building the size of the company than about value per share.
EL
WSA Price at posting:
$2.80 Sentiment: Hold Disclosure: Held
