GREY:TWNNF - Post by User
Comment by
letsgetreadyon May 01, 2012 11:01am
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Post# 19856380
RE: IAMGOLD broke the bank with this offer
RE: IAMGOLD broke the bank with this offer before IMG walks away..it will first increase its bid..an higher offer is almost certainly baked into the original offer. The first offer is to test the water and see how much short it is..IMG will then increase it first before walking away..so don't be afraid that if the $3.30 is not accepted..there will be nothing else..IMG will have to increase..it won't just say thats it folks..this is takeover mentality and we ain't seen its best offer yet.
by the way..TRR won't drop back to $2.30..the market for junior golds is turning up..there will still be some takeover premium bulit in..drill results and PEA all to come.