When I buy Gold producers I look for ones that are meeting their projections, they have to prove they can swim.
If I'm looking for a speculative pick I will buy a gold explorer with a solid near term path (12-18 months) to production, capitalize on the build up of hype to production then loosen my position for a long term hold.
I assume many holders here of IGR have done this and have done very well out of it.
Right now though I believe they are in a different ball game. The next big windfall for IGR holders IMO is a takeover play, this will happen when they kick some production goals.
We all invest with risk management in mind, personally I don't see IGR bolting away from me until a solid quarterly.
So my game plan would be to buy then and hold till takeover, I think my limited capital is better off somewhere else in the meantime.
It's just my personal opinion, I have watched my brother have great success at Equigold and RRL. Significant re-ratings of producers usually come on the back of a tight register and large investor interest, both are fostered by strong results, for holders I hope they come.
IGR Price at posting:
52.5¢ Sentiment: None Disclosure: Not Held