I-80 Gold Corp T.IAU

agree overdue for some corporate news

[goldstd69]

aside from the excellent drill results...I am still holding my breath regarding some JV news ....I believe EQX is no longer hold shares of IAUX...imho that is bullish...jmho

[NineLives]

That is correct, Equinox has no shares of IAU, all sold in the low $1.30's. The question is who actually did buy them or is National Bank holding them on behalf of either a JV partner or some other entity looking to take-over IAU. Very surprised the Equinox bailed, seemed to me a solid investment to hold and to shake down the market as they did was pretty dumb. Going to put many people off

[Shermandrock1]

The sale of IAU by Equinox suggests that their ramp of Greenstone is facing headwinds and they need cash to carry them through. They likely weighed selling stock, debt and sales of assets to provide the bridge to full production. The sale of IAU was deemed the least intrusive.  

[NineLives]

Well seeing as Equinox used all the three transactions you mentioned to buy the remaining 40% of Greenstone I hope it doesn't turn into a albatross for the company. Their 6/7 mines need to continue production with low costs and high profitability to repay all that debt they took on. Interesting how Orions name keeps appearing in mining transactions. Quite prolific in this sector.