ELD
I'm a long time holder of ELD. It has not been a profitable position for me!! But I remain intrigued with the upside potential, which of course is amplified by the down side risk. I bought ICG in December explicitly thinking ELD might buy it out. I was counting on a big ICG premium and a big post-buyout drop for ELD, and then I was going to sell ICG high and buy ELD low. Like most of my brilliant stock buying strategies, it's not working out how I planned! I have lightened my ICG holdings by 20% and bought some PGM. But I'm going to stick it out now with the rest of my shares. Yes there is big risk, but if ELD actually gets to build and operate its Greek mines, and also fully develops the ICG properties, it could easily be worth $10 more than it's worth today (I'm secretly hoping for +$20). I could easily be wrong about this. But my decision has been made. I like that ELD definitely has what it takes to develop ICG's properties to their full potential. That said, a bidding war would be awesome! But I think the odds of that are remote. ELD has carefully peed on every corner of ICG.