From the WA news article ...."A growing resource inventory at...

From the WA news article ...."A growing resource inventory at nickel explorer St George Mining is said to have put the company on the radar of offshore corporate players".....

It is of course journo speculation, most probably based on JP mentioning offshore interest quite some time ago.

There might be a TO offer looming but at this stage, my speculation is that if there is overseas interest, initially we would most likely see a position taken under 5% and then progressively up to possibly 19.9% before a TO bid begins in earnest.

I would also speculate that if the drill bit comes up trumps in the near future, the corporate action would be just around the corner.
Thats my view for what its worth.

Cheers
Mulac1