This was a post I made on 30/12/09 - almost a year ago. It was probably in sheer frustration at the knockers of CC at the time, and the calls for mgt's sacking, dilution, takeover spec and desire to be taken over etc etc. All I say is that true to this post, CC has delivered true to his word and has not missed a beat.
As a young friend says to me....who da man....
Well done CC and the team. As stated almost 12 months ago, and restated now - there is no problems with IGR.
Posted on 30/12/09... It must really be the silly season. Reading posts for IGR in the last few weeks have seen posters slamming management for its seemingly inactivity. Yet, one announcement with the milestone of Project approval being announced - with nothing else new in the announcement from CC (ie reiteration of costs of production, exploration, plant overhaul, and production strategies) has seen everyone now high fiving CC and his team. For those posters that want an endless stream of information from the company - please take note that their time is better off trying to do what they are paid to do. When they have something to report - they will. It takes time and effort to put an operational mine in place as well as conducting further exploration. We are not in BHP or RIO, we are in a Gold junior wanting to make headway. Accordingly, they do not have endless resources, publicists to get out and announce every thought they have in life. IGR will get to production, and will no doubt find further resource...in time. In the meantime, CC has given his timeframe of the short to medium term, so let him deliver it - and lets not be down on him because he and his team cannot deliver tomorrow. His corporate strategies have been good to date (granted that this has caused further dillution). However to get IGR off the ground, it is a capital intensive exercise - and now that CC and his crew has got the debt/equity sorted, we should not see further dillution. We have seen weakness in the SP so those that are concerned, please top up as most of us have. If you are in it for a quick buck, go to the casino! I note that there also have been some people saying that CC and his team have no intention to mine....my response to these people is that try having your little project taken away from you on the edge of success.... My thoughts only....full supporter of IGR and CC! Have a good new year everyone!
IGR Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held
