Ann: AGM Presentation, page-11

even if they issue the shares leftover under a shortfall they are still raising capital (cash) by issuing shares and everyone gets diluted except those taking the shares

you're kidding if you think gold is staying up. there are some short term fundamentals in play as the US tries to smash the Russian economy via their proxy Saudi Arabia and get Putin to come to heel and the russians are buying gold because the rouble is going to rubble. classic bull trap - I'm a gold bear.

Gold will be lucky to stay above $1000 USD once that all plays out. Still not too bad if the AUD goes to 75% there is money to be made but whose going to be brave enough to fund a greenfield gold mine in this market?

this stock should be at least 5c and maybe even 10c if management hadn't squandered all that cash sitting on their hands. so many chances wasted ... hermes should be a substantially larger resource after all these years. IGO is the last roll of the dice.

the only alchemy practised by this team it seems is the art of turning investor cash into dust.