i'm flummoxed , page-11

Amok, you have stood on some toes with your post. I gave you a TU - to no avail!
I do not think your post is offensive.
Maybe there are some individuals out there that feel IGR management could be on a bit of thin ice.
I agree with you, a decision to "merge" two entities of this scale cannot be initiated and concluded in a 3 week period.
PI & CC bought shares on 13 July. PI also on 16 July.
In the next 3 weeks The Board and Management have decided to be taken over at an agreed ratio/scrip by SLR.
Since 28 June there have been a number of positive Announcements issued by IGR.
28/6 Randals results up to 42GPT.
2/7 Exellent results Santa/ Flycamp.
9/7 Potential to expand Majestic.
9/7 108GPT Imperial.
9/7 Reserves increase to 510K oz open pits.
10/7 Cap Raise.
17/7 Directors buying.
23/7 Finance secured.
31/7 Quarterlys.
2/8 Update CEB.
3/8 RC drilling at Batavia returns excellent results.
3/8 IGR earns 51% Peters Dam.
6/8 SLR to acquire IGR.
Some questions:-
1.How could the Board assess the implications of these
announcements and place a value on them in 3 weeks?
2.Who initiated discussions with SLR, and when?
3.How much time did the Board take for due dilligence when
SLR advised a scrip value of 1 for 6.28?
4.Have the Board looked for other options before their recommendation of the SLR offer?
5.Why has this takeover been such a rushed decision?
6.Is this takeover in the best interests of all IGR shareholders, or only some shareholders?
7.Does the Board take responsibility for the financial position of IGR at present?
8. Why do I feel, as a SH, I have been dudded?

No doubt there would be other questions that need to be answered.
As shareholders,I think we deserve some common courtesy from the Board and Management.
To balance the equation, I believe there is upside for both entities post acquisition.
Management of SLR is far superior to that of IGR IMO.
Cheers
Mickph