Thanks Interest. More than happy to have anything to do with the...

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Kiwi67

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24/05/15

11:33

Post #: 15339771
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Originally posted by interesting ↑

Absolutely agree with your post KIWI !

One point however is that the Ouro Paz joint venture states that should IGS not participate in its share of expenses then there is a dilution formula which will reduce IGS share holding from 35% to what ?? as i am not sure what dilution formula is in the contract.

Effectively IGS sh and the millions spent on the Brazil project will go down the drain !! or up in smoke !!!

The Brazil Project held by IGS through Latin Gold UK is effectively the only significant and valuable asset in IGS that could create value for IGS sh through a 100% sale of the project. I see IGS only owns 93% of Latin Gold and will need to get rid of the 7% share holder in Latin Gold UK to effect any sale and realize value as i do not see any interested party in the Brazil Gold Project making an offer whilst it could gain 100% interest in IGS company Latin Gold UK.

Hence sell 100% Latin Gold and with the profits pay IGS sh a divi out of respect for the Directors (current and past) incompetence !! Then move forward with the Pot and let sh either continue or leave !! as the dilution plan will destroy sh interests with this Pot idea.

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Thanks Interest.
More than happy to have anything to do with the HISTORY of IGS corrected.
I note that they are rallying the troops.

Last edited by Kiwi67: 24/05/15

IGS Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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