Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Integra Gold Acquired at 52% Premium, Who is Next?

IMG Auteur
Published : May 16th, 2017
665 words - Reading time : 1 - 2 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
0
comment
Our Newsletter...

Eldorado Gold has agreed to buy the remaining shares of Integra Gold Corp in a deal valued at about C$590 million. The purchase price represents a 52% premium to the closing share price for Integra Gold on Friday, rewarding Integra shareholders handsomely.

We purcahsed shares of Integra Gold last year and subscribers are up over 100% year to date or 202% since we acquired shares. Integra Gold has been one of our top gold explorer picks and we have long speculated that they were a takeover target. Eldorado Gold already held a 13% equity position in Integra Gold prior to the announcement today, so the acquisition was not a huge surprise.

So, Who is the Next Integra Gold?

We don’t have a crystal ball, but we just bought shares of another gold explorer that has a property bordering Integra Gold. They have over 1.4 million ounces of high-grade measured and indicated gold equivalent and nearly another 1 million ounces in the inferred category. This resource is sitting just over the fence from the property that Eldorado Gold acquired from Integra Gold today!

24hGold - Integra Gold Acquire...

This company has increased their resource by 4X at a just of under $20 per ounce of gold discovered. This is indicative of the level of technical expertise of their geologists and business acumen of their management team. Recent drill results includ very long strike lengths with high grade gold of over 13 g/t last week and over 22 g/t in April.

They have acquired new strategic claims in this area, expanding their footprint in a region that has produced over 70 million ounces of gold historically. We believe there will be renewed interest in the Val d’Or region after this massive acquisition and the high grade drill results from Integra and this bordering junior explorer that we just added to the GSB portfolio today.

Why are we so bullish on this neighbor to Integra Gold?

In addition to their location, recent high-grade drill results and low-cost resource growth, they recently received an investment from one of the biggest names in the industry. This must-millionaire has a knack for picking winning mining stocks and he recently increased his equity position in this stock substantially.

Not only that, but management has aligned their interests with shareholders. Insiders and management own 6% of the outstanding shares of this company, providing an incentive to focus on their long-term success. And like Eldorado’s prior equity interest in Integra, our new stock pick has investments from a few multi-billion large-cap mining companies with the funds to acquire Alexandria in a heartbeat. How long until one of these three companies snaps up the undervalued share of Alexandria Resources?

Get Our Latest Stock Pick, Full Portfolio and Newslettter at 20% OFF

I subscribe to multiple invstment newsletters to track what the competition is doing and I can understand why many poeple are reluctant to fork over the cash for these offerings. They are either over-priced, only cover the obvious large-cap picks or both. They are usually limited to only precious metals, missing profitable opportunities in other sectors.

We cover gold, silver, energy, strategic metals, agriculture stocks, cannabis stocks and cryptocurrencies. New subscribers can try out our newsletter for 3 months for just $95 (regular price). If you apply the 20% discount code GOLDEN17, you can take 20% off any subscription level that you choose, making the 3-month price just $76.

If you picked up Integra Gold with us last year and invested just $1,000 into the stock, you would have already paid for the equivalent of 5 years of our newsletter. And this is just one stock pick and not even our most profitable. So, view it as an investment and cancel after the trial period if you don’t find value.

Click below for instant access to the stock teased above and our entire portfolio of stocks and cryptocurrencies. You will also get our top-rated monthly newsletter, The Contrarian Report, weekly updates and trade alerts when we buy or sell.

24hGold - Integra Gold Acquire...

Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Jason Hamlin is the founder of Gold Stock Bull, a site providing investment strategies for profiting on the bull markets in Gold, Silver and Alternative Energy. Jason has a background in market research with ACNielsen, and has developed an expertise at analyzing data, charts and market trends for several Fortune 500 companies around the world. Jason has an in-depth knowledge of investing, has passed the Series 65 Uniform Investment Adviser Law Examination and has been tracking the secular bull market in precious metals since its inception.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Leaked Police Report: There Are 23 Muslim-Controlled “No Go Zones” ...
25 Junkevthorne1
I do not know how anyone could take an article like this seriously. It is garbage of the worst kind. 'Anonymous sources' 'unidentified leaks' - not...
Bitcoin in Perspective: Bill Gates Worth More, Gold 200 Times More
22 JunDavid C.2
Yes Mish, but bitcoin and the wealth and debt burdens of the world are fully backed by electrons which are very light. Unlike that 68 ft glob of m...
Bitcoin in Perspective: Bill Gates Worth More, Gold 200 Times More
23 JunDynoman0
Valuable potential is what's currently offered by digital currencies. It makes absolute sense to have a global digital economy based upon borderles...
Absent Without Leave
21 JunS W.
Bail ins for sure. It was agreed at the G20 in Brisbane. You are not really a share holder. You are an unsecured creditor to the bank a...
Absent Without Leave
19 JunJ.3
Perhaps all the international shenanigans are the smoke and mirrors intended to obfuscate the view of the looming financial catastrophe. When the ...
Gold Price Cuts Post-UK Election Loss, ETF Investors Sell, Nasdaq D...
16 JunSam Maher
"the SPDR Gold Trust (NYSEArca:GLD) – saw its sharpest liquidation since March in the week-ending Thursday, with shareholders cutting the fund's si...
Things To Come
13 Junkevthorne3
If voting for 'parties' actually made a difference they would have not legalised it. Since 1914, it's been the supply of currency that has governed...
Things To Come
12 Jun Roygbiv0
And JHK ruined your life because he then voted for Obamba ? For Jim C.
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS