TIME TO CLEAN HOUSE!It’s time for IMG/IAG to clean house. The Operating Results for the Second Quarter and on Production and Costs for 2021 and Cost estimates for the Cote Gold Project are out and we have another disastrous quarterly report with no future possibility of making a profit. Their operating business model is in a complete shambles. The Cote Gold Construction Project is already showing a 25 % increase in estimated construction costs! The projected construction completion date is over 2 years away and the commercial production date is estimated in late 2023…
This management group reminds me of a parable where the employees were petrified of their leaders and could not tell their stubborn, aging, old geezers that their best days were behind them. Our worst nightmare is that some of these executives will hang around till their 75 years old. The current CEO has been on the payroll since 2007 and he is one of the primary architects of the historic low share price. This executive group has done absolutely nothing for the shareholders. I strongly recommend that they resign in mass for the benefit of the company and its shareholders!