I-80 Gold Corp T.IAU

RE:RE:The most advantageous outcome for shareholders

[Angelique01]

Ridgeback wrote: I can only compare IAU to Marathon Gold which was taaken over by Calibre Mining. Marathon had a good project however like I-80 they did not have the monies to complete the project. When the take over was announced and just before I was already a subtantial shareholder and bought more at 70 cents the returns have been positive with new leadership.

This scenario may well apply to I-80? They can't complete the project without cash infusion and perhaps shareholders would be better rewarded with a buyout with someone who can complete the project.  This may be the best alternative to longer term growth and production verses trying to sell of some of the base metal assets whlle trying to remain in control and further dilute shareholders with a deal that sees little upside given the cost to get the project fully completed requiring more shares to be issued. I'm not against dilution as long as it is constrctive like CXB has been. I just don't see I-80 management doing it?

Just my opinion and as a shareholder, this is 100% speculation that anything can happen? I would be ading if and depending who takes an interest and I have averaged down but for now it's a wait and see who's interested in a J.V. or buy out.

Hey RB,

We are in the same boat.  My two largest gold holdings are CXB and IAU. I have no intention of selling my IAU shares at current prices.  Waiting for the JV details.  Share price will languish till then. Have zero confidence in the skill sets of existing management to transition from explorer to producer. Best prospects would be an outright takeover by an existing producer with sufficient capital to backstop required capital outlays. Give me $2.50 per share in a year and I would be happy to call it a day with lessons learned. Even Taylor Dart has admitted he was wrong when it came to this stock.