andy78, your words are coming out of the only bottom i see. i...

andy78, your words are coming out of the only bottom i see.

i don't think you've ever said anything that actually adds to the body of knowledge about IIG. decide whether you like the stock or not, and add to the forum if it provides something we don't already know.

now, as i see it, this is where we stand:
- IIG has a high grade deposit in QLD
- IIG has a higher grade deposit in WA that's less tested than QLD
- more drilling is needed on both
- while the US$ price of gold has decreased recently, it's actaully gone up in $A, so we're ok there
- IIG's latest accounts show they're running on the smell of an oily rag
- IIG has very little cash, but much of the drilling is being paid for by parties farming-in, so the cash will last for longer than a lot of people think, which is probably why IIG hasn't made announcement about cash problems
- i don't think IIG have any plans to dig the stuff out of the ground. i think they'll prove it up to an extent, then sell it off, and move on to the next thing
- IIG has very low market cap, so if they have anything, the price will go through the roof

in summary, i think IIG is a very speculative stock that's not in as bad shape as people think. i think we'll know if its a boom or bust within 6 months

what does everyone think?