"Iam will eat their lunch"I can't imagine that Iam is happy about this! 15 days after they paid 55 cents for a share and no warrant of their partner company an outsider comes in at 50 cents with half a warrant! I think that Greg just burned through any remaining goodwill that was left with Iam. Of course perhaps it was niave of us to think that Iam had our best interests at heart anyway.
In my opinon the game is now on! Iam now has to contend with a large shareholder who is financially savvy and has unlimited staying power. Casimir will be getting the story out in order to enhance the value of their investment. My guess is that the story of Merrex will finally be told properly-and that will bring buying. Buying will mean pressure on Iam-they will be caught between fear of losing this strategic asset and fear of over paying.
My guess-and I am aware that I have long stated that $1.50 is my exit point- In 9 to 12 months they will have proven up 3mm ounces, give or take a few hundred thousand. Our share-1.5mm ounces worth about 250 million in the ground or about $2 Unless we get taken out sooner. I think its safe to say that we have now issued our last share(except for warrant exercises and options) so lets get the drills turning and see what we got!