Trireme I think you must have misunderstood my post. I was not...

Trireme I think you must have misunderstood my post.

I was not posting about IGR raising a token $12 million or so at that period of time by placing 30 million or so shares at 45c.

I was posting about IGR planning a year or so ahead and so raising most of the money needed to develop their gold mine when their share price was much stronger at that period of time.

IGR could have placed say 150 million shares at 55c raising about $80 million which would have been put aside for mine development.

If done, the IGR share price right now would be considerably higher than in the 20s because there would be millions and millions less issued shares.

Instead IGR waited to raise the money on an "as needs basis" with a much, much lower share price mneaning millions and millions of additional shares have had to be issued.