Been a shareholder for quite a while now. Unfortunately, in the not so distant past, the SP was falling everyday.
IGS has some great tenements, in WA (Plumridge) in particular. Brazil is early days, while the political uprest in Northern Africa makes work on the Cote d'Ivoire tenements interesting to say the least.
However, it would only take a little bit of luck with the latest round of drilling, and the SP could rebound quite sharply. Top 6 shareholders hols 57%, including Cape Lambert Resources with 33% and Macquarie Bank with 6%.
IGS Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held