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IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. The Company’s principal activities are the exploration, development and operation of gold mining properties in North America and West Africa. Its projects include Côté Gold, Essakane, and Westwood. The Côté Gold Mine is a large-scale, generational open pit operation located between Sudbury and Timmins in central Ontario. The Essakane project is West Africa’s 6th largest gold mine located in Burkina Faso (West Africa) approximately 330 kilometers northeast of the capital, Ouagadougou. The Westwood Complex includes the high-grade underground mine and satellite open pits located near Rouyn-Noranda in Quebec. The Company also owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau, Quebec, Canada.


TSX:IMG - Post by User

Bullboard Posts
Post by wordsouton Mar 18, 2013 10:55am
347 Views
Post# 21145217

ANONYMOUS AT IT AGAIN

ANONYMOUS AT IT AGAIN

It would appear that it might only be one trader doing all the dumping through ANONYMOUS.  If that's the case, then one can only assume that there can only be a couple of reasons for doing so. If it's a company, then maybe there's a point where their own rules make them dump under a nickle.  Another scenario could be that they have millions of shares they can afford to dump in order to supress the price in order to accumulate at an even lower price knowing fair well that this stock will increase substantially at some point in the near future.  Ever notice that some of the larger sells by ANONYMOUS are just cross trades with ANONYMOUS.

ELN is worth many multiple of its current trading price.  The good news is that even at these low prices, they don't seem to be able get the volume of trade up.  Great time to add to ones current holdings. 

My major concern is that we may get a halt with the announcement of a take out based on the last  average price of the last number of trading days.  That would explain the reason for keeping the price suppressed at these low low levels.

Bullboard Posts