Post by
goldstd69 on Mar 15, 2023 8:33pm
I thought that perhaps EQX might
want to buy IAUX but now it appears they can't make the financing for such a deal...I doubt EQX will sale any shares of IAUX until IAUX is at much higher prices....so I do not see much 'overhang' until way higher prices of IAUX shares....IAUX appears on sale right now...the downside risk vs the upside is favorable to IAUX....jmho dyodd
Comment by
metalhead666 on Mar 15, 2023 8:37pm
Agree but the prospect of them selling shares at any moment is going to put a lot of people off. We need to remove that possibility not simply trust them that they won't dump a jag at any time or worse, bleed off their shares slowly keeping the share price under constant selling pressure for a long time
Comment by
goldstd69 on Mar 15, 2023 9:17pm
It would not be in the interest of EQX to have to sale anywhere near these depressed prices...the recent sale of IAU shares was likely out of desperation...I doubt they wanted to sell any of their shares of IAU and that EQX likely sold the minimum to meet their financial needs....but then I am not privy to what is going on at EQX...
Comment by
goldstd69 on Mar 15, 2023 9:21pm
At these depressed prices it would be in the interest of IAU to buy EQX's shares of IAU but I seriously doubt EQX would sell the shares of IAU on the cheap....IAU has a lot of news forthcoming which imho is bullish and I am sure the larger miners are taking a serious look at taking over IAU....