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IAMGOLD Corp T.IMG

Alternate Symbol(s):  IAG

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. Its principal activities are the exploration, development, and operation of gold mining properties in North America and West Africa. Its projects include Essakane, Westwood and Cote Gold. The Essakane project is in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 kilometers (km) northeast of the capital, Ouagadougou. The Westwood Project is located on the Doyon property, 2.5 km east of the former Doyon Gold Mine in Bousquet Township. The Cote Gold Project is in the Chester and Yeo Townships, District of Sudbury, in northeastern Ontario. It owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau. It holds claims of Nelligan, as well as other earlier stage exploration properties in Northern Quebec. It also owns Rich Lake and Lac a l’Eau Jaune (gold) properties.


TSX:IMG - Post by User

Bullboard Posts
Post by eebleron Feb 27, 2010 12:33pm
500 Views
Post# 16826564

Technical Analysis shows Flag for IMG

Technical Analysis shows Flag for IMG
Technical Analysis shows IMG formed a nice Flag (bullish) starting around mid-December to last couple of days of this week.  Suggested target price is being pegged at $24-$26, and obviously that assumes that world events don't take the wind out of any momemtum.  Just in general you can see over the last year a steady trendline that we just bounced off the bottom of, so if the Nov/Dec bounce is a good indication of what is possible then it could be a good March/April.
Bullboard Posts