Your 15% in that time is nothing. Long term IGO holders such as myself have taken more than a 40% hit, and many with a lot more than your amount at stake too. And in contrast to yourself we did not get to decide on our investment after the fact, we did not choose the transfer of value.
But that is the market, that is what happens when you are on the wrong side of M&A.
However apart from the deal the sp fall is about base metals, nickel in particular, NOT gold. In AUD gold is HIGHER than when the deal was announced.
Gold is not the problem, in fact they have since announced that the mill throughput will be expanded about 20% ( at minimal capex). More good news likely from Tropicana imho over the next year or so, with focus having shifted to project optimisation, expansion and life extension in the past year.
Even with the dilution from Nova T will be very important to the future if IGO. It is a class asset ( and Creasy no doubt sees that).
EL
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