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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Amark$p who wrote (138850)12/11/2008 1:58:21 PM
From: dara  Respond to of 312621
 
IMG shares have been hit along with OZN and others. As soon the Ecuadorian government announced their mining law review earlier this year IMG's shares decreased and that was before the "Midnight Massacre" to quote DC. The new combined company should do well if POG stays here or goes up.

IMG gave a really interesting presentation at the Scotia Capital conference. They said that they were looking for acquisitions and were especially interested in Africa. No surprise they bought OZN. Another area he mentioned was Osisko as they have properties (Westwood) in the exploration stage just north of there. As I own OSK I was hoping they would buy it instead.

Another company that mentioned acquisitions was K so I expect we will hear from them. WGI and TRY are also looking. TRY has a second hand mill they'd like to install somewhere. NGX is also looking but they prefer distressed assets. Ken Stowe's presentation was interesting. I think he does a great job unfortunately it hasn't helped shareholders.

ABX is looking but they like projects that will produce 500,000 oz per year or more. On the silver side SSO is looking.

I still have a few more presentations to listen to.