pound pound pounding away at 10 cents ..., page-43

Parrot, mate speculating on what may or may not be happening within the coy is one reason why many holders are selling at or near the lows.
I on the other hand have taken the time to discuss the problems being encountered by CTO with management and I feel I have acquired a reasonable insight to enable MYSELF to make a valued judgement.

Whilst I understand that investors have become disillusioned with delays to production increases I remain astounded at the hysteria and garbage posted by many.

HC supposedly prides itself on content and they are quick to jump on posts that "flame", however they allow posters to make comments about the coy heading for administration etc without so much as the slightest shred of evidence to support their statement.

One has to wonder what is going on. There is quite clearly a high degree of "naked short selling" still being conducted in the market and gold shares by their very nature are the target for unscrupulous short sellers.
As a holder of IGR I think you should be aware of how markets on many occasions defy logic.

CTO are not raising capital because they are running out of cash. The fact is that the operation as it stands has now reached break even cash status.
They want the money to begin advancing the City Reefs, because management feel that given future gold price increases and lead times to production that this is the right time.

There is going to be some very disgruntled recent sellers out there in the not too distant future, but not for the current reason that most have sold.