if a capital raising lets see the ?quality?, page-27

re: standard capital raising b2 Convertible notes are a BS way to raise money for junior explorers...and Linq...well I wont say anything about them, wouldn't want to get caught up on defamation...nice little money making scheme for Clive though. Wonder why WTE has gone nowhere...hint hint.

I can safely say that if IGR were to do a con note, even if i was allowed to partake (which i would be), i wouldnt and i would probably sell every single IGR share.

Take a look at recent mining companies that have done con notes...not a very flattering performance on their part. Seems like a ridiculous concept to raise money though a hybrid instrument which will require ongoing interest payments...which in turn will simply require another capital raising (since the money raised will be burnt in exploration).

Steer clear of junior explorers that issue con notes.

My favourite was Sherlock...definitely worth looking at the history of that for a laugh. oops...even the con note holders got toasted. Gotta admire how SHN ran the price up to 20c though just so a few friends could make a nice profit.

IGR has taken the best route, a placement to instutions and professional investors (and yes i am one of those...as per Tastarga's comment, i pay full service brokerage for a reason). I like to think of myself as an institution as well hehe. B2 is jsut being a showpony and saying something that she thinks make sense, and some uneducated people will believe her though those of us who know the game are just laughing at her ridiculous comments.

Fancy that, having a go at a company for doing a placement at a discount...OMG surely thats never been done before LOL...good one B2

Today's announcement re capital raising shows the strong support and recognition IGR is getting in the marketplace with the raising being higher than they intended due to demand. And why wouldnt it be. Chris is putting runs on the board by increasing the resource base continually and more importantly finding new areas to look at that could add big ounces.

I would expect to see some interesting new additions to the register once the placement goes through given the amount that is being raised.

Also cant wait to see what the 'working capital' of $2.7 mill will be used for...

Cdchi1