GREY:TWNNF - Post by User
Post by
laroplexon Apr 24, 2012 1:58pm
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Post# 19829671
TRR take-over from IMG?
TRR take-over from IMG? I don't think so, and so those a few other analyst, but here is the company that Iamgold may pursue.Letwin’s remarks sent many investors and analysts scurrying to their spreadsheets to see if they could decipher which junior might make the leap onto Iamgold’s shopping list based on a set of criteria ranging from geography and long-term prospects to relative valuations and current resources.
Canaccord Genuity was quick to comment on the flurry of speculation in its daily Morning Coffee research summary and pointed clients to Iamgold’s private placement investments late last year in three exploration companies in Colombia: Colombia Crest Gold (CLB-V), Bellhaven Copper & Gold (BHV-V), and Tolima Gold (TOM-V).
It also noted that other acquisition possibilities might include Richmont Mines (RIC-T, RIC-X) and Aurizon Mines (ARZ-T, AZK-X) in Quebec, where Iamgold already operates the Doyon mine and is building the Westwood mine. And in South America, Iamgold “could potentially joint venture or acquire Newmont’s Saramacca project” near Iamgold’s Rosebel mine in Suriname, or perhaps Guyana Goldfields (GUY-T) “whose stock has been under major pressure since the release of its feasibility study for its Aurora project.”
Northern Securities mining analyst Kwong-Mun Achong Low reasons that the most likely takeover candidates (in alphabetical order), are Belo Sun Mining (BSX-T), Probe Mines (PRB-V), Prodigy Gold (PDG-V), Rainy River Resources (RR-T), Sandspring Resources (SSP-V) and Sulliden Gold (SUE-T), and claims they could all be of interest to Iamgold or “any company” for that matter that is “looking for significant exposure in the Americas.”...........P/S:One thing i do agree though, we need results soon otherwise $500 million take-over(less than $3 s/p) may be a reality and that would be one heck of a slap in the face for us longs........I would settle at $5 s/p.......GLTA