In my opinion the price is currently being manipulated.
The way I see it PALA are not letting the price run too hard as they are looking to build a higher stake. They currently have 5.30%, maybe more by now.
IGR should have run hard to 35 cents plus on the back of the recent increased gold price but if it runs too high PALA will have to pay more.
They would be prepared to sell off to try and cap the stock and pick up more at a cheaper rate.
Do not despair as eventually fundamentals and maybe takeover activity will put a rocket under the price.
Do not blame management. I believe they are fantastic and moving along at a much faster than pace than others have or would've in the same position.
Great story.
PALA know this and hence their interest and actions. Ask yourself what you would do if you were wealthy enough to build a stake in a company. Would you worry about hourly or daily fluctuations? I don't think so. Would you try and hold the price back to buy more cheaper? I think so!
Patience will be rewarded.
IGR Price at posting:
30.5¢ Sentiment: LT Buy Disclosure: Held
