History repeatsThis is looking like a carbon copy of what happened with Greg's last deal-Jilbey Gold
JLB had a mid tier partner, High River Gold, who also had 50% of our project. We got, as I recall, .65 of a HRG share.
At the time this was a nice pop for JLB. But shortly after the deal, or perhaps as it was announced,
HRG stock took off. Its well over a decade so my numbers might be a bit off but .65 HRG was about a buck at the time, within a month or two it was over $2 I had done a private placement for them a year or so earlier at a nickle. Happy times
The fact is, once the market got a sense of the potential of the project that HRG had picked up the stock moved. The project is now producing for the company that bought HRG. If the market see's a high potential project going into IAM it will generate excitement. And if history repeats, Iam will get bought out.