IGS 0.00% 0.3¢ international goldfields limited...

Good post Demontrader. I'm not overly optimistic on IGS - it's...

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  1. 619 Posts.
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    Good post Demontrader.
    I'm not overly optimistic on IGS - it's making all-time-record price lows more than a decade into a gold bull market.
    I think management has spread the company too thin geographically. Would prefer they focus on west africa, and do a bit more work on plumridge during the west african rainy season, ie. sell Brazil project.
    But IGS's market cap is close to cash balance, and early signs in west africa are promising, and just maybe Friday's upward move signals a bottom is in place at 2.3c. Massive resistance at 6c, it really needs to get through there to signal good times ahead.
 
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