Oh for a spare 100k to buy some more at these levels! All I can say is do what I did a few weeks ago and stop checking the price every hour of every day. I'd become world champion in the art of giving myself upper-cuts, thinking what a fool I'd become having not sold in the high 60's.
Nothing's changed, IGR own a unique space in the market that many gold explorers would give their right arm for.
Quality resources, quality ground, quality management team focused on getting maximum value for their investors. IGR is around 12 months behind AVO and we know where they are and how they have received a market darling status over the past 18 months. Once we get the BFS out, start to get some results from Mohegan and (hopefully?) Reddale the market will start to re-rate the company. With another targetted 200+k oz's by year end you can forget the sub 50c days forever folks. Any company with 2 million +oz's in the ground, many of them easily recoverable, at reasonable to good grades, and the share price will be back to where we all know it should be. If the USD continues to slide and Gold goes back over 1000.00 then it's an absolute no brainer.
Sit tight and take some time out to watch some SBS and ABC doco's and see what people, just like you and I, have to eat and deal with on a day to day basis and then realise how insignificant this small amount of red ink on your spreadsheet really means in the bigger scheme of things.
I pay for a broker to give me advice, so should you...
IGR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
