I'm feeling pretty pleased with the arrangement - for many of...

I'm feeling pretty pleased with the arrangement - for many of the reasons already outlined not the least of which what may be made of the Magic deposit as a combined entity. Only bummer for IGR holders is that it is effectively a forced sale of their holdings (to take up the offer, as I understand it - cap gains considerations), other than that it is a total win - win! No more management concerns for frustrated IGR holders.

Any SLR holders displeased will be singing the praises of 'Sir Les' when gold starts to nudge towards $2000.

Is anyone able to enlighten me on the hedging position we will be inheriting? A couple of years back I was a holder of IGR and exited when future production had an ugly hedge lurking over it (due to financing arrangements I believe).

Drewe.