fantastic news: teck withdraw, page-9

SMM

The less we talk about IGR the better I think...suffice to say that I was very disappointed with certain aspects of the company's capital raisings and shareholder information and therefore did not hang around...

Obviously in hindsight an error, though one I am sure the 'replacements' will correct in time.

As for the catalyst, in my opinion the catalysts have come and gone (drill results, resource statements, clear statements of resource upside)...obviously the market didnt take any notice of them. Compare this to when TRO put out a resource statement and went ballistic. The market is fickle.

In my opinion, this will be one of those stocks that gets rerated very quickly at the most improbable of times.

Only scary thing is that it is a very attractive takeover target now that Teck have withdrawn from a particular area. A TKO would not be in the best interests of shareholders as it would unlikely attract an adequate bid price.

Cdchi1