RE:RE:RE: Take out soon M2 good post .... I look at any possible deal with ELD as most likely being of 3 scenarios:
1) 50/50 JV of the "Lamaque South Gold Project"
2) 50/50 JV of "Lamaque South Gold Project" & "Sigma-Lamaque Mill and Mine Complex"
3) 100% ownership of "Lamaque South Gold Project" & "Sigma-Lamaque Mill and Mine Complex"
With the current likelihood of a JV outweighing a complete Take-Out 3 to 1
On the flip side, if/when a JV does occur with ELD, once in commercial production, the likelihood of ELD wanting to gain total control of the entire project ...100%
As you've pointed out, "there's many good reasons for ELD to JV with ICG".
In fact, more so compared to good reasons for ICG to JV with ELD.
The question I ask is what does ELD offer ICG that alone they can't do on their own? I guess we will soon find out.
M2, another good point you brought up was how important it was to clear up any items that would impose itself in finalizing a deal between ICG & ELD.
Which makes the timing of ELD latest 2 NR's interesting, in that it clears the air concerning:
1) Their future investment plans in Greece - January 11
2) A write-down of up to a $1.6 Billion in assets in Greece - January 25
3) 2015 operational results & 2016 guidance - January 25 (Normal guidance in years past - 3rd week of February...hmmm)
The timing of these NR's indicate to me that if any proposed future cash/stock deal was in the works with ICG, ELD needed to first make clear to the markets their future intentions in Greece, and the write-down of up to a $1.6 Billion in their Greece assets.
Then a level playing field in negotiations could be had, with ELD stock now pricing in the Greece debacle, which it has.
Whatever is in the works with the ICG team, the picture we have as shareholders are of only the black & white variety, As we all know, this management team thinks outside the box, so I'm prepared for any upside surprises that may come out of the blue.
GLTA