Tomboy,
IGO’s stake was worth about $15m before trading ceased, quite a lot less now I expect.
Why do you think they’d consider bidding 6 cps (per your previous post) for the other 85%, well over $100m. Then they might need to put up another $50 to 100m to adequately capitalise PAN (to continue bleeding).
You would have to be absolutely crazy to try to save $1 by dumping $10 down the same pit.
No wonder you lost 2/3 on MCR, 100% on TRY and MBN, and heaps on POS. The only reason you didn’t lose on PAN appears to be because your ex was a smarter investor than you and wouldn’t allow you to lose any more joint assets on your crazing losing share picks.
Any share you ramp is a red flag for me.
EL
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