RE:RE:IMG FALSE HOPE - M&AWhile I see the less likely possibility gold may continue its decline since August, I think it is going to move sideways for awhile in a range between 1800, and 1950... at some point making a break out above 1950...
I started adding IAG last week, sometimes companies lag behind, and in this case it looks to be an excellent entry as long as gold maintains
the market cap is a joke,,, could be 5-6 billion easy... as more traders find the sector I expect it will start to play catch up,, thats a 3-4x.... worth taking a shot as far as I can see.
I would expect some mergers to begin to happen as companies like this are puking cash.. (once travelling gets easier).... the great thing is, IAG doesnt need a increase in gold price to make bank...
will be intersting to see how the share price reacts to earnings next week,
also added WPM last week, free cash is approaching 1b,,, nothing else needs to be said bout that