RE: RE: IMF to buy Gold worth $2.3 billionThen why do you praise every stupid move it makes?
I never praised company or said that Franky and Co are flawless...on a contrary there was a lots of screw-ups - not here to deny obvious .At least they got their act together -SGS for one will be doing all it can to "unlock" block model/north section.
Markets are in such a state that any talk of company specific makes no difference at this time.
Regarding IMG-TRR....these were your words...not mine :
RE: Tough market ,but patience can pay off
5/13/2012 10:22:30 AM | | 188 reads | Post #31056379
Bob, I don't share your enthusiasm for the IAMGold and New Gold acquisitions. To me they are just two more examples of how bad things really are. You seem to view these two transactions as a light at the end of the tunnel and I view them as the light turning into a freight train that runs you down. New Gold's 31% premium would get GBB shareholders 12.5 cents and IAMGold's 36.6% would get GBB shareholders .13 cents per share. How could this be viewed as a positive event? Having patience only to be taken out for a few pennies is not logical. The risk/reward ratio is so far out of skew that it's safe to safe it's almost all risk.