RE:STORY BEHIND TD REPORTGood analysis and comments. There is a pipeline of hope in IMG plans going forward. IMG liquidity of 1.5 Billion appears set aside for funding of the Cote project over the next several years as menitioned. That appears to be the plan for this money sitting on their books. It could be a very good strategy as Cote project will need lots of money to get it into operation. IMG then may be a very good hold looking down the road 2 to 5 years. I thought buying back shares would be a consideration considering the low share price, as IMG most likly will trade in the 2 -3 dollar range for months and most likely reaching a bottom in the share price. Buying back 50 million shares at say 2.5 dollars could result in serious share price appreciation then get better funding at a higher share price when needed for Cote in the future.
I'm oppposed of a dividend as prefer this to be used for Cote financing and money better spent in that regard. Also, probably better for share price appreciation for developing Cote.