From Odey's report:
It is furthermore notable that IGO’s acquisition proposal, at just 1.6% of the gross value of the nickel resources of Western Areas as at March 25, 2022, also appears to be at a significant discount to reasoned appraisals of value of what is a best-in-class, highly strategic, and vast, development stage pure play nickel asset.
Deep concern about our management's decision not to block this deal.
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