The Paterson province is definitely heating up and IGO does not want to miss out
you have multiple big companies wanting a piece of the action and doing j/v with these smaller "junior" players - paying premiums but for a much "bigger" slice of the pie.
I.e. RIO J/V with AZY for $60m expenditure for 75% of the project and now IGO $15m earn in for 70% of the project
imo. I think its very opportunistic for IGO to take a stake in ENR , ENR would most likely have declined the deal if IGO did not take a $1.8m stake @60% premium
nevertheless, market is disappointed that ENR could be potentially giving away a big slice of the pie for a tiny $15m +$1.8m share placement
all jimo.
TraderRR
The Paterson province is definitely heating up and IGO does not...
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $192.0M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.0¢ | 33.0¢ | $57.41K | 171.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65228 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 35383 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ENR (ASX) Chart |
