IGS has a great project in Brazil with good gold grades and mining widths (a real project) which has significant exploration and development cost savings versus Australia and they havent delivered.
This new project is a "DOG" 1.85 MT is not a project its a target, it also presents as a zinc/lead potential with silver credits in one of the hottest area's in Australia with little to NO infrastructure.
Unbelievable !! This acquisition is only to pay Director's fee's and Tony Sage (CFE), this presents NO benefit to IGS shareholders whatsoever !! In fact all it does is dilute SH even more at a SP of $0.001
It couldnt be worse for IGS SH, it would be better for SH to wind the company up and take a tax loss.
All IGS SH should vote NO, NO, NO but with Tony Sage a Ghost Director and CFE owning some 26% of IGS this disgraceful transaction will go ahead.
Unbelievable !!!!!!!!!!!
IGS Price at posting:
0.1¢ Sentiment: None Disclosure: Held
