boring till second half of year, page-23

I made the following post in a TRY thread early last year.

If a merger had gone ahead we would we have a company with far, far less than 750 million shares on issue, and instead of IGR shareholders being seriously diluted with shares being placed at low prices IGR shareholders would have obtained 60 million dollars from TRY plus TRY's producing gold mine assets while TRY shareholders would have acquired a major project that the company was looking for and has since purchased.

I reckon IGR shareholders right now would be seriously better off and TRY shareholders would be at least as well off as they are now since they obtained the very attractive Casposo gold and silver project now under development.

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"A merger with emerging producer IGR would be an outstanding deal for shareholders of both companies.

IGR would get TRY's gold production ( about 80,000 ounces of production expected over 12 months) plus its $60 million in cash and more.

It means IGR will get this cash plus producing gold mines and more without any serious dilution.

TRY shareholders will get an attractive long life production profile as TRY will bring to the table plenty of the cash needed develop IGR's quality, long life, gold resources.

I just do not know why something like this is not done.

Anyone can see that 1 + 1 here will make 4, not 2.

It would be clearly in the best interests of shareholders from both companies and result in a substantial share price rerating for shareholders of both companies."