Happy & Prosperous New Year All. Jibbo, if IAMGOLD are interested, wouldn't their offer be derisory by comparison to previous CNR prices? Held tight for 6/7 years and will continue to hold. The gold isn't going anywhere and the price will eventually recover.
In this weeks Shares Magazine there is a supplement called Shares Spotlight- Mining Oil & Gas. In an article on mining takeovers they look at various scenarios in the gold sector and mentions deals already being done. It says that the main action so far has been with companies on the Toronto Exchange. It then specifically mentions IAMGOLD looking primed to go on the acquisition hunt thanks to having a large war chest from the sale of its Niobec mine in Canada. Market Commentators reckon CONDOR GOLD and Aureus Mining are potential takeover targets. Let's hope they are right about a takeover.
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