Post by
garland on Jul 07, 2022 11:12pm
re rumours
Luke , I know of several companies that have expressed serious interest and are looking at individual properties and possibly even the company itself . I know IMG wants to depart with Rosebel ( good luck) and given their ongoing out of contol costs at Cote, IMG will not have many ( if any) choices left but to sell something elsewhere or merge with another entity ( via stock swap) . They must clean up their problems now ( the next quarter will tell the story) .For myself, I hope they sell Nelligan, thereby providing VSR with an aggressive partner and put 5 rigs on that deposit and rip it past 6+ million ounces! Time will tell but something has to happen SOON . Lots of eyes are on Nelligan, not so much the international properties.
Comment by
Luke555 on Jul 08, 2022 4:15am
Garland, thank you for sharing! I do trust you and I respect your opinion and insight. All I know is that the liquidity problem is a major concern and it must be resolved ASAP. Otherwise, the company will sink further into the abyss!! Thanks again for your input…
Comment by
gisellekronk on Jul 08, 2022 9:03pm
thanks for that , garland . at this depressed price it is hard to see any profit coming to long term shareholders from a stock swap or selling off of some properties . a reversal in the rising u.s.$ and a rising gold price would help a lot .