RE:Glad that Letwin is goneStill believe it will be sold. I can't see it existing in present state.
if someone is looking to grow by acquisition, thjey may never get a better opportunity.
The 2P reserves basiclly trading just over $100oz
That is very chaep with current price of Gold..
PLUS you get cash on the balance sheet minus the debt of appr $500M
It's a steal down here, even if you add a nice premium.
It's perceived to be mismanaged and investors are not confidant in the name anymore.
Maybe new investors could knock $100+oz from the AISC just by cutting costs.
For shareholders, a better scenario could be a cash/stock deal with another gold miner that has assets near any of the present IMG mines.
Investors not coming back to this name under this management team.
This is my opinion only..... DYODD