RE:Rather see Agnico Eagle Mines take out Integra. I'm with you M2, if a partner is brought in, Eldorado would not be my 1st, 2nd, or 3rd choice. Eldorado is hurting, and hurting bad, and with their 2016 production forecast along with their AISC, and share count, the stock IMO is still over valued at today's price. What they do have going for them is liquidity, with what $600M -$700M in cash and a drawing facility, so they can take some major hits.
Major shareholders, which management must appease, need to see this stock regain it's footing, and stop stumbling along with Greece & its leftest gov't, where its 1 step forward & 2 steps backwards, and every step is money spent, forward or backward.
At the stage that Eldorado is in today, becoming involved with Integra Gold, wither it be a JV, or takeover, getting the best deal at the lowest cost is what would be paramount to Eldorado, and its shareholders, now more than ever. Not an ideal situation for Integra Gold.
As I had wondered before, with Integra's ridiculously low pre-production capex, and getting lower by the week, why would Integra's management need to even entertain having Eldorado as a partner, (other than desires of fast-tracking the Lamaque North/Deep).
With debt financing likely available for Integra by year's end, enough to get us the rest of the way into production, what would be wrong with financing Lamaque North/Deep with the free cash flow generated from the production at Triangle & Parallel? Sure would make dollar sense to me.
A good up to date summary here on stockhouse on Eldorado Gold, and the mess that there in.
https://www.stockhouse.com/news/newswire/2016/01/25/eldorado-gold-t-eld-gets-us$1-6-billion-black-eye-greece