Oh the whisper says a hand shake agreement. That's conforming! No I'm afraid the date given clearly in an ASX announcement has indeed expired!
That is a fact.
As for your whisper on how Santa Fe has no effect. It does indeed have a book value. Does it not?
ASX requires under rule 1-2 that IGS met the asset test after consol.
ARK didnt. ARK go by by!
The fact that you can not now use Santa Fe book value as part
of this asset test. Means more money will need to be raised.
More dilution!
That is on top of a min 1.5b shares to WG. But given that the capital raising will have to be higher to make up for losing Santa. It will be more than 1.5b imo.
And now a suspension notice must be coming. TH was suppose to end Tuesday as per ASX announcement. Gosh who called that?
Why did they go into a TH macca? In your own whispering words. Santa Fe has no effect on WG. (Which is BS)
So why the Halt about to turn into a suspension? Why macca?
To lock the price in. Like at NKP. I believe that was your words on one of the long long suspension.
Surly if Santa Fe is the reason for the Halt and possible suspension as per ASX announcements. Once the news was released. It should have traded again.
I mean. You did whisper it had no effect. Right?
I'm sure it has nothing to do with struggling to get funds for this cheech and chong adventure.
Not sure where I ever said this wouldn't go ahead. Way to many raising opitunities for the cap' en.
I believe what I said was that you would need to have your head looked at to get in before over 2b in dilution and a consolidation.
I can give post numbers if you want. I think I even started a thread titled that!
You keep whispering your crap macca. And I'll quote ASX Ann's and official sites.
Because so far. This is playing out right to script!
IGS Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
