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21/10/11
10:15
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Perhaps IGR is difficult to understand...
Back in December 2010, AUD gold was around AUD 1400-1450
Igr was peaking at .73 cents.
Since then we have become a low cost producer of around 100,000 oz pa and have made significant additional gold discoveries.
Now AUD gold is AUD 1575 and IGR is 48.5 cents
True we have had a capital raising at .49 cents
True the overall market is weak
but somehow it doesn't equate for an SP of .485 cents???
What am I missing here?
Angers
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