>So we get a DFS today projecting an IRR of 71%>so we have a...

>So we get a DFS today projecting an IRR of 71%
>so we have a projected $Agold price of $A 1250 (anyone bother to ask why IGR advisedly used that conservative price on a phase 1 and 2 10 year Project time frame -----and bother to look at the 5 year and 10 year chart of the POG in $A dollar terms ????)
>so we get an announcement on the 10th July that PALA ,who own 20% of AVO , has taken a 3.3% stake in IGR
>So we know AVO desperately wants Dioro , who is rejecting that hostile offer and is in discussions with Northgate
>so we know consolidation in the Eastern Goldfields area is inevitable ,with SLR , AVO , IGR to state the obvious key players
>so we know strategic sellers can use the markets , to become strategic net buyers !@!
Maybe today , we have seen some very smart corporate accumulation .
I suspect AVO and PALA see this very differently than most of traders/posters who have quit today based on contrived sentiment .Maybe SLR are loving the action , and who knows who else !!!!
Diggers and Dealers should be very interesting next week , with no shortage of Investment Bankers/ Overseas investors lining up to fund the debt side of the Project .
> we haven't seen the Quarterly yet , and maybe some more drilling results at Lucky Bay .

Maybe Pala wasn't too impressed with IGR flagging their 3% interest early in Integra , and they or someone else have played a very counteractive card today .
Investors and day traders might see a sizeable bounce into the Diggers meeting starting 3rd August , as the PRESS starts to digest the fundamentals of WHOS on WHAT here!!
cheers