IAMGOLD aspires to be a leading Canadian-focused gold producer with a modern multi-asset portfolio, empowered workforce, generating value for all stakeholders.

The company recently started production at Côté Gold – Canada’s next large-scale, long life gold mine which will be a model for modern mining in Canada.

Bullboard - Investor Discussion Forum 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... see more

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TSX:IMG - Post Discussion

IAMGOLD Corp > POTENTIAL BUYOUT PRICE

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Post by Luke555 on Sep 02, 2021 1:30pm

POTENTIAL BUYOUT PRICE

POTENTIAL 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 11^th 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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