Post by
pulcan on Oct 18, 2022 5:12pm
IAM GOLD cash offer $360m and more news coming
hi all, well as you can see more CASH offers and a lot of money out there. So now IAM Gold is selling and the numbers are big! CMMC did it, WCC merger and now a major minor selling assets for big $$$$$ to China. So now we need to focus on GOLD and my post on the weekend has not changed and the pressure to keep gold prices are not going to last. I posted about the buying debt the back door!!! Also, Northwest Copper prices are not going to last either. Expect more drill results as we are getting longer holes deeper into the high rich copper and gold grades in Kwanika. I would suspect a Frist Stardust drill result or East Niv? Anything can happen and we are starting to move into our own headlines in coming weeks for Northwest Copper. For now see link to Iam Gold announcement and this market is getting hot!!
https://www.iamgold.com/English/investors/news-releases/news-releases-details/2022/IAMGOLD-Announces-Agreement-to-Sell-Its-Interest-in-Rosebel-Gold-Mines-to-Zijin-Mining-for-Cash-Consideration-of-360-Million/default.aspx
As for the BID vs ASK, not worth posting right now as we can see a correction on drill results any day. Northwest Copper is in the driver seat right now.....