hi downside, page-19

Hi, maplelegion

(a)You suggest that promoting IGR at this time of the year is futile.
Well, what do you think CC was doing in London on the 11th?

(b) You also question the rationale of promoting IGR in this financial climate
and my answer is similar to that of (a)

(c) We now know that IGR will not pay dividends for at least 2.5 years
by simply asking the question. What's wrong with that?
I think that the MD's justification of not paying dividends until
at least 2.5 years because it will take till then to get a franked dividend
is simply not the right thing to say. That should be an annual board decision.
Many ASX companies with operations overseas pay unranked dividends and,
a rich underground vein could change things fundamentally within a short
time.

If one is long on the stock, there's 2 ways of making money :-
-capital appreciation
-dividends.

Cheers and a peaceful Xmas.

Moorookamick