IGO posted June quarter data on 29 July which disappointed the...

IGO posted June quarter data on 29 July which disappointed the market and their costs are not improving.

SIR has come in under budget on construction costs, and has strong drilling upside potential. It's all-in cost for nickel, when produced, will return a very healthy (approx 100%) gross profit margin at current Ni price & Ni price is currently at multiple years low. SIR is fully funded to production with existing bank facilities. It can also sell off gold assets if necessary.

I am thinking we should vote NO to this takeover by IGO. It seems incumbent on the board to look at this merger with a fresh set of eyes and seek another suitor. SIR is suffering collateral damage being associated with IGO???

Would be interested to hear expert commentary on this view.