Papertigger, I wish a merger between IGR and TRY was a fact as I have shares in both companies.
What are some facts?
1. TRY have said they expect rationalisation in the junior end of the gold market and with their $60 million in cash expect to play a part in this rationalisation.
2. IGR is looking for cash to develop its gold resources.
3. TRY has a new gold mine that is ramping up production, cash and other assets.
4. IGR and TRY both have a similar market capitalisation.
5. TRY brings the cash that IGR needs plus its producing gold mine and other assets that are currently in total valued at next to nothing by the market.
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