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IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

Metals & Mining Gold
IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. Its principal activities are the exploration, development, and operation of gold mining properties in North America and West Africa. Its projects include Essakane, Westwood and Cote Gold. The Essakane project is in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 kilometers (km) northeast of the capital, Ouagadougou. The Westwood Project is located on the Doyon property, 2.5 km east of the former Doyon Gold Mine in Bousquet Township. The Cote Gold Project is in the Chester and Yeo Townships, District of Sudbury, in northeastern Ontario. It owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau. It holds claims of Nelligan, as well as other earlier stage exploration properties in Northern Quebec. It also owns Rich Lake and Lac a l’Eau Jaune (gold) properties.


TSX:IMG - Post by User

IAMGOLD Corp > POTENTIAL BUYOUT PRICE
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Post by Luke555on Sep 02, 2021 1:30pm
306 Views
Post# 33801337

POTENTIAL BUYOUT PRICE

POTENTIAL BUYOUT PRICEPOTENTIAL BUYOUT PRICE

Here’s some history on the IMG share price.
  • On December 31/20, the share price closed at $4.67 CDN
  • On February 22/21, CEO purchased 285,000 at $3.99 CDN
  • On March 29/21, CFO purchased 105,000 at $3.83 CDN
  • On June 11th the share price closed at $4.50 CDN
  • It’s only in the month of August the share price dropped to around the $3.00 range!
In my opinion, if there’s a buyout, the price will be in the $5.00 to $6.00 range based on the current conditions, unless things should change drastically and there’s a change in the base lines. Or we have a Bidding war, big rise in the gold price etc…If the share price reaches $6.00 as compare to the current low price of $3.00 that would be indeed a nice premium! A 100% increase.

Obviously, the current executive management group will want a price higher than their share allotments and options values!  After all this will be their retirement fund!

This is my take on the share buyout price; if you have a scenario that calculates a higher price, please share your rational with us. Thank you in advance.

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