If you bought 5 years ago and ingored stop losses, yes you would be disgruntled.. But I all truth this is the nature/cycle of spec stocks untill they start to make good discoveries...
I can name many specs that have gone through this cycle... IMO IGS is at it bottom of the cycle, things starting to look good in West africa, Brazil which should see the sp appreciate in the next 12-18 months.. How high will it go, dpends on the success of the current programs..
As I've said you just need to take a look at PIR, that was once trading at 2c cents, then with constent good drilling results see's the sp trading at above $1.00 today..
CFE- No doubt will mop some up at these low levels if results are good.. Just look at the buy side, very thin at the moment..Glad I saw the opportunity to buy in the 2's just on value to cash backing alone...
IGS Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held