RE: Average downIf your previous buy was at $8.70, it might be wise to take advantage of the current prices in the high $6 range. Waiting for $5.50 doesn't seem prudent to me, since it just might not materialize. I have been with this stock a long time...since 2004. Check the 3-year chart; the lowest close over the past 3 years was $6.68.
IMG is one of the better gold producers to own. And, chances are, it might get taken over; but, that would be just an unexpected bonus.