interested lt igr sucker, page-14

Riv39, I agree.
I think IGR was driven lower to get this deal to happen.
However after a couple of days of looking at IGR and the merger, I am more convinced that SLR paid too much.
The extra hundred thousand ounces in the merged entity guidance compared to 300,000 we were already looking at came with too much dilution IMO.
I still see some value here and some positives like synergies and diversification of mines but I have been dissapointed by the price and amount of dilution to achieve it.
The merger made sense but should have been done at no premium.
IGR holders get much more benefit from this deal than SLR holders IMO so why pay any premium?
Still a long term buy for me but with less near term upside now on my estimates.