RE:vmngf/vsrMany here purchased on the assumption that IMG was motivated to keep drilling in order to find out the true value of the Nelligan resource.
It is now quite evident they have can pretty well guess what is there and have no intention of rushing to drill
they have no intention of paying $3-4 a share for this asset and hence the frustraiotn amongst shareholders and the demise of the stock price.
We can wait it out and eventually IMG will come around and start drilling again .....but it means the stock price will continue to drift down to what looks now like .60 Canadian and it may take 1-2 years till we ever see an offer.
The other opition has been mentioned here.........take an offer from another large company in the $1.50 range Canadian for only the Nelligan asset and keep all our other holdings under a new company.
This is very frustrating to say the least.
Have not sold any of my shares as it makes no sense to sell.
Thought I was being smart purchasing a company that had no debt and lots of gold.
Life with Junior Miners can be hell
GLTA
edmed