How Many Daysdid MXI trade more than 500,000 shares this year?...Only once. The 5yr chart looks really compelling. If someone wants to by a lot of shares in a hurry, this will shoot up substantially.
Here's my ramble: A price appreciation in gold will do wonders for IMG. We could be seeing it happen right now. ( I was reading on BNN a small headline that said that some Chinese banks were mucher closer to default, plus a ton of other worries) This gold move could be more than some technical bounce. If gold moves higher from here, short covering could be triggered moving the price even higher. We have seen this game too many times before to put too much faith in this move.
We expect that IMG has a least a couple of favorable announcements to be made. I think we would agree these seem to be delayed, maybe for good reason... perhaps not quite complete. When the Siribaya resource estimate is made public, lets hope it will be for at least 1 million ounces.
If Mr. Isenor annouced that drills were turning on Karita... the stock price could could double...that might get IMG moving.