COME ON, MR. LETWYN, FOR GOLD SAKE, DO SOMETHINGIAMGOLD is far from being done, but without real action soon, it will remain a slumpy public-traded company for quite some time. The best scenario would be to envisage a merger as close as possible to a 1-5 shares swap, so each IMG shareholder would receive 1 new share for each current 5 shares. The company has approximately 395 million shares outstanding, which would result in approximately 80 million IMG shares to be exchanged. IMG has probably received offers that were declined, of course because of too low offer, wherefore it has basically no choice but to bow to a merger, otherwise ruin itself financially. A stock like IMG should be at least $3.00 in current circumstances, so something is witholding it behind the scene from trading at this fair level of $3.00. Kinross is as just in bad shape as Iamgold amongst mid-size producers. IMG's 52-weeks low is $1.50 and the stock is now close to this price. So we are bottom-fishing, no doubt.