If the Ni price stays around these levels and the instos keep buying, IGO will be forced to up their bid even if no other bidders emerge. Watch this space. Very large position for me. Very.
As a side note, VRT - another takeover ARB of mine got an offer from a 2nd bidder today. Different industry, but similar thematic - scarce assets will attract bids..so much $$$ out there.
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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