At $2.88 SLR IGR should be trading at 45.86 cents. IGR is 44 cents, so a value entry into SLR.
I agree with you. I can hardly see IGR investors voting this deal down. It should be apparent to most IGR investors that this "merger" is a win-win. Without it the IGR share price would probably be rotting in the low 30s right now.
After the initial negative reaction to SLR, the market appears to now love this merger, and is now looking at the huge upside for SLR that an SLR focused approach to IGR's gold production and IGR's highly prospective, very advanced gold prospects should bring.
SLR Price at posting:
$2.88 Sentiment: Hold Disclosure: Not Held