questions for c. cairns, page-72

Out of 239 ASX companies listed under Gold in the weekend Fin Review, only 7 pay a dividend.

Those are: AGG, EAU,KCN,MML NCM, TRY & UML.

It is interesting that your post mentioned NCM or TRY
as potential buyers of IGR because both happen to pay dividends.

It would be a great gesture of working for shareholders if the management could at least aspire to paying a dividend
and then ultimately join that elite group of 7 (call them the D7).

I would not wish to see another dilutionary cap raise
for an acquisition but prefer to see generic growth.

IGR has huge tenements which are only lightly explored
and an UG potential that only needs developing.

At some stage IGR has to put the profit in the bank
and pay it out as a dividend and personally I'd like to see that as soon as possible when IGR has $1000 + per ounce profit.

If the management are worried about a cheap buyout, then I think that they should be out there promoting the company so that when callers call "Your Money Your Call" that at least panel members know what the company is about.

A 2cent divvie would cost the company less than $9 mil
and would put it in the ranks of the elite. Instos love companies that pay dividends because it at least is some evidence that the company wont dilute.

Cheers
Moorookamick