Igr has been a dog for many but last Thursday i believe was its nadir at 28.5c, following a 29c ($25m) PI raise.
It has been pummelled from within and without- by its own decisions and the gold price.
A few astute HC posters predicted a cap raise and I believe this was known by enough punters to push the sp down this last fortnight.
IGR is now cashed up, it is producing a significant ~ 85,000 ozs pa and should be over the worst of the negative sentiment. Its just released 510k ozs reserve will grow with yet to be measured discoveries.
Combine that with maybe a few UP days for commodities and i think it should be a good week for IGR coming up. The 4c increase in sp on Friday were easy profits for a few. But there is still more to go i believe.
