Post by
Luke555 on Jun 13, 2022 7:18pm
Silence is deafening at the IAMGOLD Head-Office in Toronto
The silence is deafening at the IAMGOLD Head-Office in Toronto. I’ve spent a lifetime working in the mining business at the managerial level and what I’m observing with the Interim President and CEO along with the entire board is abysmal to say the least. We the shareholders all understand the complexity of the business from both an operational and project development standpoint, in addition to the need to actively investigate financing measures and seek to resolve the Company’s serious liquidity problem, Identifying these concerns is great but what the hell are you executives going to do about them! It took me a decade to get rid of the previous BOD. The shareholders will not accept poor performance and complacency; we have already been down this road. We need results!!
Some shareholders are expressing their doubt about the Cote Gold Mine going ahead? It’s not enough to appoint an Interim President and CEO along with a new Board of Directors and to listen about what the problems are and not walk the talk…
From what I can see, there does not appear to be any hurry to hire a new President and CEO, everyone seems to be happy with their roles so why upset the apple-cart and agitate shareholders who appear to be buying the spiel of the Interim President and CEO. You should be searching for a solution of managing the construction costs and the out-of-control operating costs. As you aptly say, “I am confident we will address these near-term challenges and we remain fully focused on our goal of becoming a leading high-margin gold producer." It’s time for some action, talk is cheap, let’s make it happen instead of talking about it!!! I’m a disgruntled shareholder and many others share the same sentiment. This is your wake-up call.
Comment by
RayDonovan78 on Jun 13, 2022 8:28pm
Luke.....Good to see your back b@tching about management like always but you really should be buying at these levels. Looking forward to the daily rants !!!
Comment by
someday2 on Jun 14, 2022 11:14am
How much lower can she go Ray??? Tempting levels....ain't it Wonder will we see sub $2.00
Comment by
RayDonovan78 on Jun 14, 2022 2:36pm
I called sub $3 and the $2.50 level.........I dont have a crystal ball but I have nibbled a little today.
Comment by
greendayyyy on Jun 14, 2022 4:46pm
If gold falls back to around $1750 or lower we could see it fall to around $1.75 like in 2015.
Comment by
RayDonovan78 on Jun 15, 2022 9:57am
Thats why you get in and get OUT of this MUTT. Its a trader NOT an investment !!
Comment by
RayDonovan78 on Jun 13, 2022 8:38pm
Oh, and anyone who follows the board knows your opening line, so no need to keep repeating yourself....Lol " I’ve spent a lifetime working in the mining business" I personally think your full of it because if you did, why would you invest in IMG when there is much better ???????
Comment by
greendayyyy on Jun 14, 2022 7:27am
Seriously IMG is a dying mining company that has been going nowhere for years. This company must absolutely be sold no matter what the price. Quickly a major that buys us out even at 2$ I would be happy. I must be dreaming because no one wants this company rotten by time.