Tony Sage has indicated to me that he has waited a long time for IGS to be resurrected. With friends on board I can only hope that the future is a lot better than the past mismanagement.
The company has been kept alive via Con Note holders and Sage paying off creditors.
Contrary to what I was continually told by Tasker ....Winter Gardens would refund the $200,000 and directors were working free have been proven incorrect. The WG money has been written off and directors now will receive shares.
I now anticipate IGS name change, injection of capital, capital raising and new projects purchased.
As long as my converted Con Note shows a profit after relisting I will enjoy the ride. It's a new beginning where everyone should be happy that not all is lost.
We still have Sante Fe shares that will now be sold asap.
IGS Price at posting:
0.3¢ Sentiment: None Disclosure: Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.
