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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 iwasgoldon Mar 04, 2013 5:15pm
249 Views
Post# 21076264

Management

Management

Everyone knows that mining companies live or die on good management. It only takes one bad decision to run everything into the ground. Is Cote Lake that bad decision? Letwin has sounded off that he expects $2500 gold, and apparently not far away or he would not have said it. If they need that price to make Cote pay, then this could be a long long wait. Letwin, like many "leaders", only sees what he wants, not what could happen - eg a lower, not higher,  POG. This means he is a gambler, not a Buffet, and he should go. Maybe Conway left or was pushed because he was too smart for the stumblebums around him, such as Pugliese, in which case I don't expect to make a profit on my shares until POG finally does hit much higher levels. 2015? 2016? 2020? who knows. I had a bad feeling when I first saw Letwin's moustache - what kind of person trims it like that every day? If only I had sold then. It's clear that large traders have lost confidence in the Letwin regime. That is the only thing that can explain the huge dump that is just winding down. Letwin doesn't even talk the talk, never mind walk it. How the heck can he justify receiving 350000 options when the stock is cratering? How about turning those puppies down, if you really care about expense cutting? Show us you care Steve, be a man. Remember what you said in an interview a while back, about buying up company shares? They were $15 then. Well they are a tad cheaper now, so flash some of your own cash pal. The people who hired you should go too - if only there was a way. Meanwhile, go out and kiss some more frogs. Maybe your fairy godmother will show up.

Bullboard Posts