placement oversubscribed, page-12

I wonder where the term "massively over-subscribed" came from? I've read the announcments that say the placement was "oversubscribed" and "well oversubscribed", but not "massively'. There is a big difference in those words meaning!!!

Like everyone else I am gutted at the capital raising, and have little confidence in the current board/directors!

While the share price has dropped along with the gold sentiment, the recent announcements from IGR haven't helped to keep the price up. Announcment's regarding drops in production, increased production costs, etc have driven the share price lower. And the timing of these announcment's is very odd indeed.

No doubt a lower share price would have helped a capital raising just finalised!

I've long held the opinion that IGR need a professional to run the company. They also need a specialist in marketing. For the past couple of years there have been a lot of announcements that have been very badly written. They may work for accountants, but for the average shareholder, they do nothing but create confusion and bewilderment. This can be seen by the significant number of posts that follow these announcment's where people try and work out what all the gobbley gook means!

The current board has done very little for shareholders and their continued presence on the board needs to be reviewed. They've had their chance and failed, so a good clean-out is in order...

The bottom line. If you didn't own IGR prior to the capital raising, and given the price drop to 30c or thereabouts, would you buy shares in IGR now?

Based on the potential of the underground mining trial, and their drilling programme results, I would buy IGR (even with the current board). So I'm holding for the time being until the dust settles and we see what develops over the coming months.

Let's face it, at 30c, IGR is a definite buy for those with a long term outlook.