1. Most Discussed
  2. Gainers & Losers
IGS 0.3¢

Case Study

  1. interesting

    647 Posts.

    Ok so Cleveland (CDG) and Troy (TRY) both ASX companies in Brazil and in production;

    (1) CDG approx or less started operations on 2.4MT @ 1.48g/t (inferred/indicated resource)

    (2) TRY started operations on 2008 with approx or less 126,300 Oz Au (indicated/inferred resource)

    IGS has (a) 3.1MT @ 2.54g/t (measured/indicated) - (measured more confidence than inferred/indicat)
    (b) 4.5MT @ 2.60g/t (indicated/inferred)
    for 635,000 Oz Au.

    Comparison with CDG is that IGS has approx 3 times the tons than CDG and approx 1g/t more in its ore than CDG - yet IGS have not put this project into production ---- WHY NOT ???

    Instead the clowns (Directors) have taken on a "Dog Project" in Australia with higher exploration/development costs than Brazil whereby changing gold focus to lead/zinc in a crap market for lead/zinc compared to the gold market which in A$ is doing very well.

    IGS market cap some A$700,000 and they want to raise A$1m for this "Dog Project" whereby doing a 1 for 10 dilution of SH - seriously this boarders on criminal !!

    Either develop Brazil by way of AIM (IPO) to raise funds in Latin Gold (UK) and bring Brazil Project into production or declare bankruptcy so that SH can declare tax relief !!

    I put the blame DIRECTLY on TS and his mate Directors for this situation and will never invest one cent in any of the companies they are related too - EVER !!

    No liquidity in IGS for months at 0.001 and the shares are now worthless and you cant give them away let alone sell them !!

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.