Major Liquidity Problem -IAMGOLDThe Interim President and CEO is proving to be a complete disaster in the company leadership role along with the new BOD in resolving the liquidity problem. This executive group need to read-up on how to raise capital funds or at least take a Finance101 course without selling forward anymore future gold production. If not, the company will cease to exist or survive as we know it.
Time is of the essence, and they had plenty of time to investigate many available measures to increase its liquidity and capital resources including additional debt or equity financing, strategically disposing of assets or pursuing joint-venture partnerships. The company is standing next to the precipice and if they don’t act swiftly and solve the liquidity problem and support the IAMGOLD share price that is headed towards the CDN $1.50 - $2.00 range, the company is doomed… What are these executives doing to earn their salaries? There has been no company information transparency for months, doesn’t anyone care? Are the shareholders giving these executives the green light?