Club Mulgoa

Thursday, October 25, 2012

SLR take over IGR

The takeover process is yet to be completed but when both managements agree to the plan, it is usually just a formality.  SLR is going to be one of the biggest gold producers soon.  Normally during a takeover process, because of the premium required, the big fish drops in value while the small fry jumps.  But in this case, both jumped.  I own shares in both but in different portfolios.

Those who receive emails from me in the past would be very happy with their investment in IGR.  SLR is a mature miner now but its value will have one more spike when profits from the gold production are announced.  Of course, the plant can malfunction or expected yield could disappoint... but I doubt POG will fall below USD$1500 per oz in the near future.

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