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MeToo

3,857 Posts.

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26/03/15

19:40

Post #: 14987920
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Originally posted by interesting ↑

Ok so IGS pays A$2,000,000 for Latin Gold UK Brazil project to earn 35% equity - Ann 18.01.2011
then IGS pays A$5,700,000 for Latin Gold UK Brazil project to increase to 93% equity - Ann28.04.2011

That is A$7,700,000 to acquire 93% of Latin Gold and Brazil gold project not including the millions spent in exploration and other costs !

Then Tony Sage and Directors to SFEG deal and the outstanding amount is A$4,000,000 plus interest A$420,000 as per Annual Report 23.10.2014.

So Tony Sage (Past Director) of both IGS and Latin Gold and other Directors have spent +A$11,700,000 of IGS shareholder funds and the IGS Directors havent filed Latin Gold documents at Companies House London (similar to ASIC) and now Latin Gold limited is about to be dissolved 8 April 2015 per Strike Off Notice filed by Companies House 8 January 2015.

IGS share price is 0.0001 and the Directors havent done any broker presentations since 2012/2013 or provided SH regular information or the level of disclossure per ASX rules and the only value in IGS being Latin Gold will be gone shortly by way of being dissolved or wound up and IGS SH loose everything !!

What can i say ???

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There is more than one ship in the fleet..........!

IGS Price at posting: 0.1¢ Sentiment: None Disclosure: Not Held
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