P2 obviously not aware of the SIR Nova takeover,
IGO paid $2.2B for SIR in 2014 and that was with a quarter of the resources and lower the grade 2.0% v 3.0%, since then Nova mine has become 43% of all IGO revenue and the NP has doubled from the lows
At the time the price was very high & large debt with no built infrastructure but look now, Nova is now worth $3.3B & generates $750Mpa revenues with a 1.5MTpa processing plant.
IGO did walk away from the PAN transaction at 47c now at 21c.
I just dont see them walking away this time sorry.
Creasys move here is a good one imho & all scrip bid with this SP is not painful but easy done.
Lougher no slouch has been waiting around for such a move for 10 years imho.
$1.1B scrip taking a +$150M cash at bank is cheap compared to $2.2B with -$500M debt on top right?
- Forums
- ASX - By Stock
- Why I think that if IGO bids it needs to be at least $4.00 per share.
P2 obviously not aware of the SIR Nova takeover, IGO paid $2.2B...
-
- There are more pages in this discussion • 150 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WSA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online