IAMGOLD Corp T.IMG

AGING BOARD OF DIRECTORS - DRAG ON SHARE PRICE

[Luke555]

If the company would announce changes to the top of the organizational hierarchy, I’m certain that this would be very good catalyst and it would have an immediate positive impact on the IAMGOLD/IAG share price. For years, Mr. Stephen Letwin and his two deputies, Chair of the BOD – D. Charter (hired 2003) and President & CEO G. Stothart  (hired 2007) were driven by greed and tarnished the reputation of the company and played right into the hand of the large hedge funds, bullion banks and other short term traders, by not lifting a finger to support the share price.

During the reign of Mr. Stephen Letwin and his two deputies, the short traders were delighted to have a green light in bringing down the share price to historic lows. They knew that the company was not going to implement any changes to support the share price; it was like taking candy from a baby!

One final point of contention that I would like to share and it’s based on my years of experience as a long-term IAMGOLD shareholder. The 3^rd Quarter Report is coming out on November 3^rd 2021 and I don’t want to rain on the parade but it would be remiss of me not to forewarn you about raising your hopes too high. For years, I fell into the trap of expecting positive or breaking news for the quarter report. I would kid myself in believing maybe they will announce good earnings, a buy-out, merger, or declaration of dividends but each time, the company would deliver poor operating results or other negative information to justify missing their goals. I cannot recall one occasion where the results were positive and had a positive effect on the share price. These days, under the current BOD, (the men in their 60’s and 70’s) where no one is held accountable and lack fortitude, I look forward to the quarterly reports with a grain of salt in order to avoid a letdown. Really, it becomes a non-event in the reporting of Financial and Operating Results of the company. In layman terms, it becomes a turkey shoot.

IMPORTANT NOTE:

Despite the BOD (the men in their 60’s and 70’s) being a drag on the share price, there are far too many other affirmative factors that could push the share price to CDN $6.00 - $8.00 range. (Conservative estimate)

Following are some basic mine management 101 concepts/ catalysts that will overcome the actions of the disillusioned BOD (the men in their 60’s and 70’s) and would help move the IMG/IAG share price upwards:

• Rise in Gold Price.
• Organic Growth.
• Commercial Production COTE GOLD MINE.
• Merger/Acquisition.
• Good Drill Results on Nelligan Prospect to confirm size of the massive ore body.
• New or extended gold discoveries…
• Up-dated report on the real value of the company assets.

The above points are some the main reasons why I’m fully committed and invested in IAMGOLD, it’s a no-brainer.
I’m confident that IAMGOLD is going to be a premier mid-size gold mining company. IMO, aside from the solid base of strategic valuable assets and complemented by development and exploration projects, the future of the company lies with the Canadian mining assets located in the Abitibi gold belt.  Investors have faith; our investments will survive and flourish…Need patience, patience…

MESSAGE TO BOARD OF DIRECTORS:

ACCOUNTABILITY for one’s actions is still A VALID and IMPORTANT concept in 2021...