re: Ann: Integra Macquarie Conference Present...
Hi Angers, I do not want to rain on your July $1 IGR party, but my take on IGR by July is:-
(a) Revenue similar to Mar Qtr of $33.396 mil (the 10th April ann said that with supplementary feed trucked to the plant, the throughput grade would be "consistant to that which has been treated in the last 6 months at around 2.7g/t gold.")
(b) That cash in bank was $20.964 mil. (see Dec Qtr Cashflow ann 27th April)
(c) That forward outgoing cashflow for June Qtr is $44.277 mil.(again see Dec Qtr Cashflow ann)
This would give a negative cashflow for the June Qtr of $10.881 mil which would reduce cash in bank to $10.083 mil.
With UG due to come on line in the late Sept Qtr, I doubt if the market will see a buying binge to send the SP to tour $1 party level until there is results from UG with improved throughput grades.
I doubt if an average resource upgrade or a moderate lift in the POG will do it; in fact with the probable reduction in cash, a small CR is still a risk IMO.
With kind regards Moorookamick
IGR Price at posting:
48.5¢ Sentiment: None Disclosure: Not Held