I have not been "in" this play for very long. I acted on a tip, that was supported by my dd. I am of the opinion that the buyout rumours triggered interest and that the brakes had to be tapped somewhat because the true value of this project was undervalued. I loved the wording in the AGM presentation and the audio from the same. Allana clearly does not have to sell, partner for sure, split, maybe. I would even suggest that ICL and Allana had something in place, but SOP PEA results changed the game. This isn't new to anyone. ICL has an extraodinary meeting set, I also feel that this is not a coincidence if you aware of a slight change of direction that ICL has taken. The have staved off takeover themselves and positioned well going forward.
There is very little reason not to invest in this play. If there was, the SP would not have held where it is. It held, because the groundwork is solid and so are the parties involved. I am also of the opinion that a rumoured buyout price of .77 is vastly low and shudder to think of the numbers once the dust settles. I obviously have not had to wait very long and understand frustrations, but I have never been more convinced. Opinions, however, are like a part of the anatomy, everyone has one. GLA!
