On your money your call tonight, both analysts on the panel were asked which Nickel plays interested them. They unanimously opted for IGO/SIR and none other. I am guessing the fact that the IGO SP has come back since the announcement as expected the acquirer drops in SP not so the target. However now with NOVA in their sights, IGO are looking a buy also, on the back of what looks to be an accretive merger. NAB may simply be looking to have a more proportionate holding of IGO to SIR and who could blame them.
Any way you cut it this is a winning combination, as greater minds have said, this is a takeover proof, strategic merger in readiness for the likely upswing in nickel price and growing global demand, with Indonesians restricting supply for around a year. M Creasy is still looking to stay involved and Mark Bennett playing a pivotal role going forward, this is a deal with integrity and longevity.
Always IMO, DYOR.
SIR Price at posting:
$3.65 Sentiment: Hold Disclosure: Held
