Back to the topic of AW1DanLougher former WSA, MD has...

Back to the topic of AW1

DanLougher former WSA, MD has participated in the placement. That is also a good sign. Dan lead the charge in selling WSA to IGO for a brilliant price tag. IGO debatably purchased a lemon in cosmos (capex over runs and a geotechnical nightmare) & lougher was smart enough to know when the time was right to exit.


Mark Bennett who was acquiring at least 2.5 million shares on market (pre motherload) also sold IGO an asset with a significant price tag of 1.8B to IGO - much more in modern day dollar terms.

Mark has been rumoured to take a bit bite of the placement (I heard 20%) through solid sources.

Great vote of confidence for storm.

This bodes very well for the company. Not only through accumulating capital to deliver further value, but in the event of a DISCOVERY this means a few things.

1 - Mark is almost guaranteed a spot on the board in the event of motherload discovery
2 - Market would have a wet dream at the two IGO screwers joining forces to develop a world class asset
3 - between Lougher and Bennett you have the base metals discovery, development and production zero to hero leaders at the helm
4 - they have raised collectively billions of dollars and won’t have any trouble drumming up support for potential debt financing
5 - they are very well connected in capital markets, will likely raise at perfect strategic times through their knowledge of equity markets and minimise dilution, yes we probably won’t get a seat at the CR table but it’ll pay dividends in terms of maximising shareholder value
6 - both are known to have screwed IGO in terms of deals. They will bring their corporate finance and takeover team from past dealings and absolutely rake over coals, any predator looking to take them out in terms of buy out at a premium
7 - we’re all f*ing rich