IMG bucking the down trend-why??If today’s trading doesn’t tell you that accumulation is going on for a TO, then nothing will, IMHO.
POG is down big, gold stocks are down big, but IMG is bucking the trend, why?
Acquiring companies love to buy during these volatile commodity downturns since they get lots of small sellers getting out of the market because they are scared, and this is my guess and I’m sticking with it.
Q2 will be out next week and drilling success continues in Q2 is also my guess and will continue to grow reserves and resources in H2-07.
So if Newmont or Barrick wants to grow and take advantage of growing reserves in Americas, IMG is the stock they will go after is also my guess.
Bring on your offers, big boys, IMG will not be as cheap as you think.
Cheers and GLA