NO-FREE PASS - CEO/BDOLet’s get one thing straight; despite all the shenanigans going on at the Head-Office, I firmly believe that IMG has valuable strategic assets and some of the best mining exploration properties in the gold mining sector. In fact, I purchased more share this morning in the low $3.00 dollar range.
It’s the performance of the management executives (charlatans) that are running the company that I’m not pleased with. I want them to be held responsible and accountable for decimating the share price because this could have been avoided if they had supported the stock! Has many of you have clearly expressed; the sub-performance of the CEO/BOD should not be rewarded with a free pass! That’s not how our free enterprise system is supposed to work.
As a long term shareholder, I’m all in and I’m still optimistic that we are going get through this difficult period and I’m still expecting a big upside in the price of gold over the next few months because of the seasonality factor. “Be patient, Sit tight and BE right!!
TD Investment Conclusion: We are maintaining our BUY recommendation and our target price of C$6.00.