I have been a long time holder and have met CC many times. I have bought many new holders to IGR. Almost an unpaid, self-appointed salesman. I put the hard word on him for a significant allocation. Surprisingly, I got what I wanted after some dialogue with BC.
Next few weeks should see IGR SP hover around present levels.
1. Monday sees placement Tranche 1 allocated 2. IGROA's expire in 4 weeks - people selling IGR to fund conversion of OA's 3. POG likely to sag 4. A$ strengthening
To counter that we should:
a. Have more great drill results b. Financing deal confirmed (might be only after GM in Nov) c. Project Mgr appointed d. Appointment of plant contractor e. Appointment of pre -strip contractor f. Hopefully, more great drill results g. GM approves Tranche 2 cap raising. h. More drill rigs on site???
I'm very happy to hold until production when SP shd be getting towards $1 . Of course, we might see a corporate play before production.
IGR Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held