In this Q report IGS says: The quarter has been a transitional period for the Company with a significant shift in priority from developing resources assets to investing in pharmaceutical solutions.
So does this mean IGS through its holding in Latin Gold is not going to participate any further in the gold project as it is shifting to Pot - ???
But then goes on to say: During the reporting period, International Goldfields completed no exploration activity. The Ouro Paz Joint Venture intends to undertake an RC drilling and trenching program in the September quarter to improve confidence in the existing oxide resource at the Ouro Paz JV.
IGS remains committed to the Ouro Paz Joint Venture and continues to engage regularly with Biogold Investment Fund to plan exploration activity and additional work related to advancing the project towards a decision to mine.
IGS has outstanding financial commitments to the JV in relation to not meeting its share of JV expenditure, yet there is no comment in relation to how this debt will be paid or what IGS will do to meet its share of September 2015 drilling program - ???
Last Q IGS said: it was spending funds on metallurgical studies, yet there is NO results or information released showing anything was done at all - ???
SELL LATIN GOLD NOW AND USE SALE PROCEEDS IF LEGITIMATELY CHANGING FOCUS TO POT !! or DEVELOP THE GOLD PROJECT FOR CASH FLOW !!
IGS Price at posting:
0.2¢ Sentiment: Sell Disclosure: Not Held
