Idaho General Mines Inc. (AMEX:GMO) shares rose nearly 10% during the past two days after Coghill Capital Management disclosed a 27.42% stake in the company and brought some possible business combination transactions to management's attention. The hedge fund also delivered a letter to the company's board that discusses the importance of good corporation governance and asked the company to develop a plan which will enable the it to achieve the highest quartile of corporate governance within the next six months. While no further details were given, the idea of possible business transactions is certainly something worth noting as the typical buyout premiums have hit approximately 4.6x target sales. Moreover, with a 27% stake in the company, Coghill certainly has the power to influence the company's decisions significantly! Combined, these factors make GMO a stock worth following.