OTCQX:CGTFF - Post by User
Comment by
ukermannon Aug 27, 2017 8:39am
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Post# 26625825
RE:FG on Hold; Allegiant on Speed Dial?
RE:FG on Hold; Allegiant on Speed Dial?I wouldn't be surprised to see IAG take more of this, right up to the 19.9%, prior to the spin-off. By doing so, gets them a nice foothold in the Nevada fields of which they have no presence, and gives them a front row seat in FG, that's already proven up, expanding, in an area that they're already in. Thus, if down the road they get a bid on themselves, (Newmont?), They end up with more potential to whoever is courting them. Bottom line is the really big guys need to replace ounces, so anybody with deep reserves, and is already producing profitability will be looked at closely.