I'm in @29c today - SP seems to be stable and volume has not regained its level of yesterday on the 30 min chart. Usually there is another peak of emotion on the open of the morning after bad news. So I think 28.5c was the low for a while on significant selling by dissatisfied holders yesterday.
I don't mind holding a gold stock that has had some sort of validation, by being backed by a broker, after halving in the last six months.
I like this statement too "We are pleased that the recent repairs made to the crusher have been successful, with operations back to normal production levels." I also like it that they have likely added to their reserves recently, and that they are profitable.
I may change my mind. I'm nowhere near an expert on gold stocks. However I feel any holder considering selling should consider waiting a few days at least before pulling the trigger, to see if this has a rebound - which it will if it has stopped going down, or in case if you change your mind (or put the sell order at 40c or so). It can be easy to make an emotional decision and blow hard earned cash at the worst possible time.
Look at PDN's chart for their Sept 29 2011 placement at about $1.20. It went underwater briefly on high volume then surged 70% within about a week. This was another seemingly oversold stock. You wouldn't want to risk missing that sort of move.
IGR Price at posting:
29.2¢ Sentiment: ST Buy Disclosure: Held
