You may recall that Bergino liked the following Canadian and American miners:
Co; Price 3 days ago and Price now: TSX, $CAN.
WRM, 3.71, 3.78 NNO, 3.30, 3.50 NEM 55.0, 54.74
IMG, 7.50, 7.26
(NB: IMG was not picked by Bergino).
IMG is really the only one which has fallen and is trying to merge with WRM.
It said in the statement on the end of March that the price being offered was at that time 22% more than the $4.28 WRM average over March 30-beginning of April (5 days). The deal to be done in IMG shares.
Unfortunately, WMR is $3.78 and IMG has now sunk to $7.26 (the only one losing 24 cents in the last few days).
The combined price supposed to be $9.35, but how can it be, when IMG shares are $7.26. IMHO, The market is trying to drive the combined P/E down: WRM had one of 19.5 while the overblown IMG's was 50.
Apart from this, Bergino is a good picker. I think. I have looked at shares with much higher prices while in London, gold shares can be expensive. I need to look at some companies covering Russia.
Here are the web sites discussing these companies:
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