Acorn Capital as well as Baker Steel are both almost all out.
Both had around 50 million shares early in 2010 now around 5 million (very roughly people)
Soon the pain will be over.
Meanwhile JP Morgan is buying...increasing holding from 5% towards 8% in December.
This may well signal the next leg up !
I am holding at a small loss and feel no reason to sell at this point. I will re-consider in a couple of months.
IGR needs to win back it's reputation with more institutions and get a far wider broker coverage/write-up, on the back of increased proven and probable as well as steady oz's poured.
Then the auction will really get humming.
I feel sure our well paid managing director is aware of this and riding his sleek white pony down the windy canyons of financial districts in all our major capital cities (as well as key cities overseas). Our 'lone ranger' won't have to try too hard to get on friendly terms with the 'injuns' if 'he come with good news' and 'not speak with forked tongue'.
Hi Ho Tonto! And Away!
IMHO
PatrickM
IGR Price at posting:
61.5¢ Sentiment: LT Buy Disclosure: Held
