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I-80 Gold Corp T.IAU

Alternate Symbol(s):  IAUX | T.IAU.WT

i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development and production of gold, silver mineral and poly-metallic deposits. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the Lone Tree Project). The total land package of the Lone Tree property consists of approximately 12,000 acres. The Ruby Hill Project is an advanced-stage development project with residual heap leach production, located within the Battle Mountain-Eureka Trend. It owns a 100% interest in the Granite Creek gold project located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka Trend in Humboldt County, Nevada. It owns a 100% interest in the McCoy-Cove project. It holds a 100% interest in the FAD project located along the Battle Mountain-Eureka Trend in Eureka County, Nevada.


TSX:IAU - Post by User

Post by NineLiveson Mar 08, 2023 8:38am
338 Views
Post# 35325413

Well there it is

Well there it is

We couldn't figure out that big short 11 million shares plus, well I bet my bottom dollar it had to do with this sale by EQX (a company I don't trust whatsoever). EQX stated they won't sell anymore IAU, sure anyone who believes that needs their head examined. Always thought the one fly in the ointment was EQX holding all those shares and now the chickens have come home to roost. They sure must have been desperate to dump shares at $2.76 which probably when negotiations started with this syndicate would have been 25% below the current share price.
My question is, why didn't EQX just feed those shares into the market nice and slow instead of dumping at a huge discount  ?? And who is this syndicate of underwriters ? 

Such a badly orchestrated deal. Fuming.

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