Hi Flippa01 Very interesting. My view is that the more IGO invests in projects such as the nickel refinery plant in Kwinana, the less incentive there is to launch a takeover bid for PAN. Where are the synergies Whilst PAN has came out with a base case after tax NPV value of $693 million , this valuation was based on the mining plan as of September 2022. It does not reflect the resources discovered at Savannah above the 900 fault. Or results of recent drilling below the 900 fault. My concern has been that IGO would come out with a bid before PAN was able to quantify the additional value at Savannah. I doubt we will see the mine plan updated before the company reviews its reserves and resources for its year end accounts.
PAN Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
(20min delay)