If the following posted by Topwon is correct then if necessary...

If the following posted by Topwon is correct then if necessary TRY should even make an unfriendly scrip bid for IGR.

I believe IGR shareholders, including me, would much prefer a merger with TRY than sitting around waiting a year or so for their mine to get into production if the upside to the gold price in a rising gold price environment has been crushed by hedging.

production funding in june
Posted by topwon
Start of thread
Posted: 11/03/09 18:59

"I spoke with Company secretary, Pete Ironside this afternoon. He says they are presently in discussions with banks to fund approx. $55-60M to get production underway. Will need to hedge at this time..."