RE: RNS - IAM Lovin' it23 Mar 2021 09:35
JDough
Simple mate.
Market always takes the "worst case" view.
This got marked down substantially from 1.4-1.5
levels as Market immediately priced in Placing for Senala if IAMGOLD were to walk away?
Not happening now....quite the opposite actually. IAMGOLD keen to fast track things in Q2 to play catch up. Doing 10,000 metres RC drilling and 1600 metres Diamond drilling overall.
That is why I have been saying, Market will only re-rate once IAMGOLD position was known.
Back on track. See know reason why this won't be back at 1.40-1.50 in coming days.
Add to that regular updates from Bibemi and we could be pushing above 2p.