M&A

One deal, two winners

PICKING a winner from a deal is not always easy, as a recent transaction between Intrepid Mines and Troy Resources demonstrates. This is a deal with more than a touch of the past, present and future to it.

Tim Treadgold

In a nutshell, Intrepid sold its half-million ounce Casposo gold deposit in Argentina to Troy for $US22 million. The transaction, plus a strong gold price, helped boost both stocks. Troy rose from $1.27...

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