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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
Comment by f_the_bankerson Apr 02, 2013 11:16am
98 Views
Post# 21198394

RE: no buyers , just shorts

RE: no buyers , just shorts

i think management's/b.o.d.'s apathy is the bigger problem. for example, the ceo of kirkland gold says "gold companies should pay a high dividend to ward off short sellers... something in the range of 5-6%", yet the ceo doesn't decide how much dividend to pay. the board of directors does. and kirkland gold has no dividend nor does it ever intend to pay one. so the ceo can talk about paying massive dividends all he wants, but he has no intention of ever doing so. this can be extrapolated across the entire industry where dividends are a pittance.

my second example: eldorado gold, who enacted a normal course issuer bid to buy back a whole 4M shares out of the float of 700M+. it's a complete joke as management takes home $Millions in compensation each year regardless of their performance. 

the poor command of their companies by ceo's is what allows short sellers to sell shares with impunity. ceos and b.o.d.s need to step up. 

Bullboard Posts