RE:REASONS TO BE OPTOMISTICSell some shares ; you obv have too many ; quit pumping it makes no difference
quote=Luke555]As a long term shareholder, I’ve been to hell and back several times with IMG/IAG. But I’m still hanging in there. It’s a high risk proposition, but I like my odds! When you have a company that is approaching cash value, what do you have to lose? I see an opportunity!
People keep asking me what I see in the foreseeable future on the share price as well as financial results etc. Well, as part of my optimism that I’ve been expressing for the past several months, I believe that the 3rd QT results will be better that the last quarter. Some mining companies are already reporting stunning increases in cash flow. A 10% increase in the gold price could mean a doubling or tripling in cash flow for some companies. When precious metal prices are rising because of inflation, margins widen more quickly than costs rise.
And secondly, if gold rises according to my expectations based on the combination of seasonal factors, high US debt and rising inflation and if the gold price should break above $1,850 - $1,870 range, I believe that these will be the underlying reasons that will play key role in propelling Gold to New All-Time High. And the IMG/IAG share price will be much, much higher than it is now. This is my best optimistic scenario and it allows me to sleep well.
I have followed my consistent message to the letter, “As a long term shareholder, I’m all in and I’m still optimistic that we are going get through this difficult period and I’m still expecting a big upside in the gold price over the next few months because of the seasonality and other factors. “Be patient, Sit tight and BE right”!!
TD Investment Conclusion: We are maintaining our BUY recommendation and our target price of C$6.00.
(This estimate may be too conservative if we get the rising gold price that I’m expecting)
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