Newmont wants to grow againAre they looking at IMG?
They like the Americas, and IMG is in there.
IMG has potential big deposit in Quebec which is in Pierre Lassonde’s backyard?
I think a Newmont/Iamgold combo would work out good for both companies.
IMG has been slowly creeping up as if someone is accumulating a position on the quiet.
Can that someone be Newmont?
I think IMG will be a TO target by the fall, and right now whoever likes them is slowly buying up shares.
Multiple offers could result especially in Barrick doesn't want to give up the biggest gold producer title.
Do your own DD, but I like my odds with buying IMG under 9?
IMG's Q2 will be out next week on Aug 15, and it should be a solid quarter, and they also hold a large gold bullion position which has been increasing in value also.
Cheers and GLA
https://www.smh.com.au/news/business/newmont-wants-to-be-biggest-in-gold-in-the-world/2007/08/06/1186252629463.html