Well this is an interesting scenario for SGQ. WSA and IGO are both in trading halts for what looks like a takeover of WSA. IGO has a MC of 8 billion to WSA of 1 billion.
WSA has a free carried 25% option on our Mt Alexander tenement. This will now become part of IGO's aquisition.
From the past we know that IGO loves to take over companies with large deposits, aka Sirius Resources.
With SGQ preparing to drill new targets in our own 100% tenement soon, IGO will be definitely watching us closely now for a potential major discovery.
If so my hope would be takeover attempt after a resource is defined as it was with Sirius.
Though our potential may not be realized to its full potential because I believe we may have other targets in our tenement that don't get chance to get fully tested in future exploration activities.
The sector is certainly consolidating and tightening up now in WA for the future of EV market.
IGO/WSA tie up
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Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $24.71M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.6¢ | 2.5¢ | $26.58K | 1.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1238715 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 50000 | 2 |
View Market Depth
| Last trade - 14.08pm 19/06/2024 (20 minute delay) ? |
| SGQ (ASX) Chart |