IGO is eyeing off buying PAN for $200M imho.
IGO bid for PAN at 47c in 2018 now its in admin at 3.5c ps way cheaper than the prior bid.
IGO has become a leader in Ni production using Nova & FF but shuttered cosmos & FF in January when NP went to 7.10.
IGO has $45M cash in PAN shares and PAN has $40M cash at bank with a Trafigura offtake deal debt of $50M & IGO has also offtake with Trafigura at Nova and this can be easily merged.
NP is now 8.10 & LiP is UP also.
IGO has restated guidance for its Li & Ni production meaning Nova will keep producing and is profitable substantially.
The PAN purchase would set up IGO as a larger Ni producer than BHP imho.
As NP goes up IGO SP will go up also.
Macquarie boyz are gonna run this up sooner or later just like they did SIR & WSA which are both part of IGO now.
New all time high, page-398
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Last
$5.54 |
Change
-0.090(1.60%) |
Mkt cap ! $4.195B | |||
| Open | High | Low | Value | Volume |
| $5.56 | $5.65 | $5.48 | $25.43M | 4.575M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 47031 | $5.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.58 | 5000 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |