The deal to stop underground mining in my opinion is for one reason only and that is to stop any "good" news from IGR that may increase its share price disproportionly to SLR's.
Lets face it if goods news is released and IGR's price increases, there would be further outcry when IGR shareholders were forced to accept a 6 for 1 scrip offer where under an increased share price the offer should be more like 4 for 1!
Like many others here, I dont have a problem with the concept of merging with SLR, in my opinion its the price we are being asked to accept for this to happen and the manner in which the price has been "negotiated" that concerns me!
IGR Price at posting:
40.2¢ Sentiment: None Disclosure: Held