Which Management would you choose? (I don't mind ours, they all make the occasional error, there are no GODS, there are only those that are luckier more often , no one knows what is the ground!) IGR made there, hopefully they learn.
What I find so bizarre is the way OZ gold companies are universally under pressure, and the Gold price in OZ dollars has hardily shifted in the quarter. Must sniff increasing cost or lower gold price, I don't the think the second is likely any time soon. Most companies have come close to a 40% decline during the quarter at some stage. NCM (-28%) not to far from IGR (-35%) over the quarter.
To me this IGR more room to bounce, a smaller and lighter producer.
IGR Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
