With Fe plunging overnight to USD$46.70/t and it appears AGO maybe gone ! I think gold projects are the key to survival and IGS has a gold project that could be put into early production very quickly i believe !!
However, the IGS directors have failed the SH as IGS owned company Latin Gold Limited that owns 35% of the Brazil gold project is due to be dissolved 08/04/2015 as the directors have failed to file statutory documents with Companies House (London) as like failing to file statutory documents with ASX hence the suspension of IGS.
BUT - i see on Companies House a shareholder of Latin Gold has filed a notice seeking that Latin Gold be suspended from being dissolved at this time - i would guess subject litigation !!
In this market i dont not see any chance for the proposed Musketeer project in IGS or in any company, simply no value !!
IGS Price at posting:
0.1¢ Sentiment: None Disclosure: Held
