IMG will be gone for sure, imoIMG will be bought out in a few short months IMHO.
Simple really and as gold goes higher approaching 700 US per ounce the unhedged producers like Goldcorp and Newmont will be experiencing daily gains in their share prices and the higher these prices go, i.e. Goldcorp 35-40 per share the more likelihood that they will start looking for cheap acquisitions again.
Their currency will be their stock based paper currency and with mid-tier producers like IMG trading under NAV, it’s a simple proposition for Goldcorp or others to take a run at IMG and other intermediaries.
IMG has big potential in Northern Quebec and also in Ecuador that they aren’t getting any credit for because of the location, potential political problems, but a big company like Barrick or Goldcorp could better handle these kinds of issues also.
IMG will be gone soon at 10.75-11.50 range IMHO.
Do your own DD but now is the time to jump into the gold sector before it breaks out and over 700 US.
THE US ECONOMY IS IN THE SHI**TER, AND THEY CAN’T RAISE RATES TO SUPPORT USD, USD IS CRASHING, GOLD IS THE ONLY OPTION FOR WEALTH PROTECTION.