Its seriously tough and its strange times at the momment. I was told today that some of the insto's are having a huge drain on their cash now. That is, investors are changing their super investment to cash from shares and the share trusts are having to dump shares to get the cash. IGR have stated to me that insto's are selling IGR at any price. I do wish though that the share registry was managed a bit better. By that I mean that management keep in regular touch with the top 20 or so and seek their confidence or get them to give some notice prior to selling so new buyers can be found. I knew a Director who did exactly that - he always managed the register so prices did not get slashed. But its different times at the present. One thing for sure IGR is not a 14 cent share. Very conservately I believe its a 40 plus cent share. I know the market never lies but this is bloody stupid now. I have been adding for a while and now have stopped as its always cheaper the next day. I just hate looking at my losses on IGR but still believe the time will come for us to be in front again. Just that it appears a fair way down the track now.
IGR Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
