We agree on don't sell absolutely, but also you may find this interesting, the IGO "statement" re rumours its bidding on SIR:
In response to the report, Independence released an ASX statement saying it was "continuously assessing corporate and asset-based opportunities to deliver increased shareholder value but has not entered into an agreement for a transaction with any of the parties mentioned in the media articles".
Why that wording? They could have just said no...unless they were negotiating an agreement with another party.
Of course there has been no media mention of SBM, their closest tenement neighbour who have just discovered "significant anomalies" right next to Bentley & Jaguar.
And now SBM have appointed a take over specialist.
Who would be mad enough to sell in this environment?
SBM Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
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