The latest IGS quarterly makes me sick to the core what these Directors are doing !
None of the Winter Garden time frames have been met at all !!
Per the original agreement with IGS and Ouro Paz re: Brazil Gold Project - IGS has to contribute 35% of exploration costs / etc but has not paid back the funds from previous campaigns, has done nothing this quarter per last quarter report they were doing metallurgical tests (nothing announced about the results) and this next quarter says there is a drilling campaign in September 2015 !
Where is IGS share of funds 35% coming from to pay for this September drilling - ?
Where are the results of last quarter metallurgical studies - ?
Next quarter only provides for the Directors of IGS to be paid !!
If IGS dont contribute to the Brazil joint venture then IGS 35% interest in the JV will be subject to dilution from 35% to ??? in effect IGS SH will lose value in the initial investment in this gold project and only asset of significance the company owns !!
I'm out but if your in - kiss your investment in IGS with these Directors good bye !!
IGS Price at posting:
0.2¢ Sentiment: Sell Disclosure: Not Held
