In the next financial year (2013-2014) SLR intends to increase gold production from 120,000 - 150,000 ounces to 300,000 ounces.
I have been following SLR closely. The company has been kicking goal after goal.
It shouldn't be too long imo before both SLR and IGR rise in price from today's levels.
The deal looks value adding to me and should definitely benefit IGR shareholders. We'll be in a cashed up gold producer with very focused exploration and development, the ability to pay a dividend imo and one thing is for sure - we'll no longer be invested in a company with close to one billion shares on issue.
IGR Price at posting:
40.2¢ Sentiment: Hold Disclosure: Held