RE:RE:RE:RE:Shareholders---Focus on Big Picture 2024I agree, buyout is a longshot.
But if some other larger company really liked the assets (Cote in particular) what better time to use your own stock to take advantage of this high Gold price (especially if you believe its even going higher) and depressed prices for Gold stocks to do a deal.
Most Gold stocks are currently (and for awhile now) been out of favor with investors, regardless of Gold price crossing over $2k/oz.
Maybe that hopefully changes soon.
Some have performed better than others, lets be honest, IMG has not done well.
Maybe that also changes once Cote is up and producing, we'll see.
Other issue I see with buyout is Sumitomo currently owns 40% of Cote.
A potential acquirer would almost likely want the whole thing and now you would have to deal with two owners to get a potential deal done.
That is another reason why i believe IMG stock price is somewhat discounted.