IGS still retains exposure to Fraser Range through SEG share holdings. The transaction brings working capital the company needs now.
I don't have an issue if there is a different point of view ...
For those new to IGS ... ****************************
International Goldfields Ltd (ASX: IGS) - with assets in highly prospective gold fields in Brazil and Western Australia (Plumridge Project via SEG shares ) and investments in gold & silver production in the U.S.
It is an undervalued stock; the share price can potentially be re-rated at any moment. Please DYOR and keep it on your watch list...
IGS Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held