Just reading Monthly Strategic Outlook for patersons and in the mining and metals section they say ...“Cash is King”: We believe that “Cash is King”. Companies that have it (cash) are in an excellent position to weather the macro debt storm which has taken a grip on global markets. Companies that have low cash or projects that require large capex commitments are likely to struggle in the current environment. The market is likely to place a discount on these stocks...The end..... Also I note that off the gold stocks they cover good and bad IGR is not mentioned.So for the time being its accumalate the goodies and trade the not so secure ones.
IGR Price at posting:
60.5¢ Sentiment: None Disclosure: Held
