"It has been a long time in coming," Mr Cairns told the Diggers and Dealers conference in Kalgoorlie on Tuesday
"In terms of the timetable, we expect it to be wrapped up in early December.".
I would have thought IGR SP had good chances on returning to at least 40c by then, on its lonesome, just by settling into the core business, with controlled exploration (lost their way with CSIRO).
From the West Australian today
"It has been a long dance" he said (Mr Davis)
I never heard the music, and no asked me to join in until the finale, when I was caught in the "The Big Dip" and then rapidly spun. I feel a bit nauseous.
The final merged company maybe a good investment, both have suffered under the current market uncertainty with good/potentially growing assets in Oz, top 5 gold producer in the end etc. I just don't feel the statement of a 40% premium is accurate and shouldn't be lauded by current management...real SPIN.
IGR MC 374M SLR MC 586M
we (IGR shareholders) will own about 39% of the merged company, based on current market equalisation. If it had have been closer to 50% to represent the quality of assets and relative gold production, I would have been alot happier (0bviously, more recognition, and what I had come to think reasonable value)..
No premium for me. The principal holders get to move on without their changes in holdings being noticed.
IGR Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
