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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

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Post by Luke555on Mar 11, 2021 8:16am
308 Views
Post# 32770588

ROOT CAUSE OF LOW SHARE PRICE

ROOT CAUSE OF LOW SHARE PRICEIn my humble opinion, the root cause of the low IMG share price can be traced to the M.I.A. CEO. We gave him a year to proof himself in his new position and we have found out that he is a cut of the same cloth as his predecessor.  He’s been with the organization since 2007 and has enjoyed a good ride at the expense of the shareholders!  He has shown a total disregard for the interest of the shareholders – could have increase share price with declaration of dividends or share buy-back etc.. The clones on the BOD wouldn’t dare speak out against their leader (Trump Syndrome) to have him removed!  Most shareholders who have been fleeced and have seen their investment evaporate remain silent and accept the low share price as business as usual. For me, as a long term shareholder,  this picture is Dj Vu because for years, I exposed the incompetence of the previous CEO until he eventually saw the light and resigned!  Today, we are confronted with the same scenario and this guy has got to move on and sail into the sunset!!!

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