thanks for the chart support and here's some news to add to it:
IAMGOLD OFFER ACCEPTED BY CAMBIOR SHAREHOLDERS Toronto, Ontario, November 7, 2006 – IAMGOLD Corporation (“IAMGOLD” or “the Company”) is pleased to announce that today the shareholders of Cambior voted overwhelmingly in favour of the proposed arrangement under the Companies Act (Quebec) by which IAMGOLD will acquire all outstanding shares of Cambior. “We are very pleased with the outcome of the Cambior shareholder vote. Once the shareholder’s acceptance of the arrangement has been approved by the Superior Court of Quebec, which is expected on November 8, the acquisition will be complete,” commented Joseph Conway, CEO and President of IAMGOLD. “This transaction is another important step in achieving strategic and effective growth for IAMGOLD. We expect to double production, have further diversified our asset base and acquired the human capital and expertise needed to continue achieving our corporate goals. We thank the Cambior board, management and staff for their support of this winning combination.”
Up in New York trading on this news trading at equivalent $A11.94 - $1.195 at the 10-1 for IGD.
DYOR
IGD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held