IGR 0.00% 50.0¢ integra mining limited

Boys,its irrelevant what July production is.Slr would not have...

  1. 1,084 Posts.
    Boys,its irrelevant what July production is.Slr would not have cared what it was,they know what Igr has and they know how to make a profit.

    The Salt Creek plant will change quickly once the merger is in place.Costs will be trimmed and resources processing shared.

    The new company will be able to be run like a profit driven company instead of the Igr necessity to be exploration driven.There will be enough resources for another 15+ years between the 2 companies.

    There will be the capability to buy out other companies,$100m cash plus big cash flow from well managed processing makes a big difference.

    So July production for Igr is irrelevant to the big picture for the merger.Looking forward to being part of a large very well managed company.

    Igr management did a great job finding gold and they acieved production under budget and ahead of time.Sadly they did not have the grades at a critical time,plus a plant breakdown,no doubt due to the way the plant was being managed.Combined with pressure from major shareholders,not a good scenario.

    So Igr was failing,and in this real business world that is the responsibility of management.Now they are gone so I hope Slr management have lots of sharp pencils and sharp intellects combined with lots of practical experience to make this merger into a very profitable company.
 
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