Reiner, thanks for that. Call me a cynic. AMOK's 21/2...

Reiner, thanks for that. Call me a cynic. AMOK's 21/2 contribution on IGR (appended below) covers things well for IGR.I agree with you that the direct comparison of FML needing to retire debt is different from IGR, but much of the IGR CR was to increase production, and that is an example of the sort of thing that could well be announced from FML. These sorts of surprises never seem to come through from previous announcements/quarterly reports, they just happen, to minimise uncertainty-related trading in the mkt.
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IGR stuff from Amok IGR 21/2/11. Aplogies to those not intereseted in FML-IGR comparisons.

Hey Moorookamick,

As significant holder myself until recently, I wholeheartedly agree with you.

The last few cap raising have been done during trough periods when they could have been at higher prices. I am not sure how long it takes to plan and execute a raising, but something tells me that all is not as it seems.

Why continue with exploration when the funds could be put towards the debt?

What production was put towards debt? Looks like none...

Why the mad dash to increase output all of a sudden?
1. Majestic will not run away.
2. The exploration of other areas can be done slowly.
3. Resources can be upgraded at leisure
4. Gold price seems fairly stable above $1100

So..why not just raise enough to upgrade mill and a few petty cash costs?
Are banks calling in debt?
Is the price of gold set to plunge before IGR get ramped up?
Is there another predator in the wings?

Also if they are worried about paying off debt, why allocate further spend to exploration?

Just curious