IGS 0.00% 0.3¢ international goldfields limited...

Why ??, page-51

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  1. 4,855 Posts.
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    You just do not get it KIWI

    Just because someone invests in a OKAP managed stock does not mean that they are supporters of OKAP and Peter Landau. Some of us may have invested because we see potential in the day to day management of the company and for the stock to rise in value. Can you not understand this concept?

    The past performance may be a factor however it does not necessarily mean history will repeat on all occasions. Underwriters know the history and so do SI's. They will only invest if there is a $ to be made. Mum and dad investors are more sophisticated nowadays than they were in days gone by. Especially after reading forums.

    So wake up and stop your constant down ramping and just spend a moment to examine IF there may be value in the new ventures associated with CTR and IGS.

    Everyone knows about the increase in shares and consolidations post capital raisings. Its been announced to the market. Not hidden as you imply in your rants.

    As for CR, investors will subscribe only if they see value. Its not always about pump and dump as you suggest.

    The CTR CR has been underwritten. FACT. Once sub underwriters have tied up loose ends then the company will most likely make its next announcement.

    IGS failed to obtained funding from its overseas sources. That's why it is still in limbo for the moment. That's why timelines have not been met. Although the company has been silent on this issue everyone can see this fact. The Sante Fe losses had no bearing on raising the funds required to purchase the 85% of Winter Gardens. Had shareholders/investors examined the financials of Sante Fe they would have seen the associated risks that were ahead. I did. No production, high debts, failed mergers etc. A poor IGS investment decision. Sure it has meant additional funds are required to meet ASX requirements. But so what? If Julian Strauss has been reassured that the purchase will go ahead why should you doubt that funding will not arrive? Have you been in touch with Julian? I have. The venture proceeds. He is not looking for another new partner.

    It does not really matter who WG has gone in bed with on this venture. Whoever is first to negotiate a deal gets the prize. Even though operations were advanced with Geonovus they pulled out due to a complete change in direction by its new board. Read about it. It had nothing to do with not believing in the cannabis story.

    In conclusion I know that your life must have been hell with your OKAP losses over the years but many of us have suffered as well but do not spend time criticising at every issue/opportunity. Give new shareholders and investors some credit for their intelligence. You are not alone with that attribute. Sure old shareholders are suffering but just maybe some minor rewards may flow if these ventures succeed. Only time will tell.

    Its time your mentality moved on and stopped reflecting on your past losses. Its history. Its gone.

    If we are wrong in our assessment we will own up as we have done in the past. We do not hide from our losses and bad investments.
 
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