Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Aug. 15, 2022.
I think that an RS is the most likely action.
Both companies are much similar.
This stock has been knocked down by a company (Planet) that got Toma shares as payment for a property they had and has since been liquidating over the last few months due to liquidity issues. However, IamGold has also showed their interest by just recently taking a 19.9% interest in the company after the great drill results at monster lake. At 20%, they have to make a tender offer.
IamGold is completing the resource definition of the monster lake area right now (as part of the JV agreement.) I think once it's done, this stock will receive an offer of some type & hence the 19.9% stake they took. It was a smart move on their part, since it 1.) capitalizes on the abnormally low valuation (without going over the 20% limit ) & 2.) would give them 20% of any future buy-out vote.
This one's going higher ! !