Good question Eric, as a shareholder in both it would suit me to have both under the same umbrella however ITT has been impressive in their tenement collecting and the way they inform the market and I wouldn't like to see their independence and decision making hampered by a larger company.
On the other hand I would like to think that wouldn't be the case and would in fact help them with increased funding (and good introductions to available funding), economies of scale etc however they have been doing pretty well by themselves. They have a very low market cap so my view is that the share price would hold as they have plenty of news on the horizon. HGO meanwhile has been dropping a bit. I think HGO chasing ITT is a pretty smart move on their part.
ITT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
