RE:RE:Looking Forward Thank you TG - As far as Goldman Sachs prediction for $800 gold. With GS presently demonizing gold, they have shown in the past to be constantly wrong in forecasting the price of gold over the last several years. One would have to wonder about Goldman's own buying habits having such a unglamorous forecasts record. Fact is Goldman is usually buying while it publicly advocates others to sell, and vice versa. It knows many investors will follow its "advice," which in turn helps Goldman to buy gold at lower prices and sell gold at higher prices.... hmmm who's fooling who?
As far as a rollback, one of the strong reasons why I'm invested in ICG is of management's ownership of shares in the company, in other words the ‘skin they have in the game’ . We can count on their decisions being made for the good of all other shareholders. Also, with their vested monetary 'skin in the game' commitment, it displays how this management team believes in the upside value of the Lamaque project.
Bottom line, All decisions made in the development of the Lamaque Project, are made by the management team, that's partnered with it's shareholders to achieve maximum share price value.
As far as an insider recently unloading, I believe you may be referring to Maxwell Anthony Munday. A long time stalwart investor of ICG over the years, with ownership of close to 40M shares. It would be needless to say, that while a major shareholder with ICG, that whatever direction his investment decisions are directed, it would be directed towards the good/value of the company & it's shareholders.
A little background - With the acquisition of the Sigma-Lamaque complex back on Sept 2013, an issuance of 25 million shares fell into the hands of the court-appointed receiver "Deloitte Touche Tohmatsu Services, Inc". As you can imagine, these are not strong hands. Under the terms of the acquisition, the shares are subject to a staged 18-month lock-up, with one third of the shares saleable every six months and the first tranche open to the market on April 8, 2015. The company had inserted some language into the deal terms ( a very astute move by management) giving Integra the right to try and find a buyer(s) for those shares prior to any disposition in the open market.
Hence, instead of the receiver "Deloitte Touche Tohmatsu Services, Inc" dumping 8.33M shares onto the open market, Integra's management found a buyer(s) for those shares beforehand. Now Mr. Munday did sell some of his shares back in late March (around 3.2 million shares I believe), and I will applaud him if he indeed was one of the buyers Integra had found, that helped buy back those shares from this court appointed receiver, in lieu of dumping shares onto the open market.
"Be fearful when others are greedy, and greedy when others are fearful." ~ Warren Buffett