IGS 0.00% 0.3¢ international goldfields limited...

broker action, page-14

  1. 619 Posts.
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    Thanks, that's good to hear. I was a little concerned that management was spreading the company too thin geographically. If Plumridge is on hold, I am a little more comfortable with them exploring in Brazil, Ivory Coast and Mali.

    I generally don't like seeing companies spending time and money having to get familiar with how to operate in too many different countries (each with different regulations, different customs, and having to deal with different support companies, eg. assaying labs).

    For small companies in particular I think it's better to specialise in just one (or perhaps two) countries, eg. as AZH has done with great success so far.

    IGS's $16 million cash could quickly disappear with little to show for it.

    But maybe it can specialise afer it finds something decent to focus on.
 
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Currently unlisted public company.

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