LOOKING FORWARD - IAMGOLD 2022Things have been relatively quiet for IAMGOLD - too quiet - in 2021 and the first month of 2022, the share price continues to be in the doldrums! Is this the year that the aging BOD decides to put the company up for sale? These self-serving greedy mining executives played a key role in bringing down the IMG share price to its historic low at the expense of the shareholders. They are at the end of their careers and lack the drive, ambition, motivation, fortitude or vision to move the IAMGOLD share price. Time for them to announce their resignations...The shareholders have felt the pain of their decisions over the years, and I believe that a change in management and ownership would be beneficial and we would be much better off with a new management team it can’t be any worst!
With gold currently trading in the $1,850 range and showing strength, the value of the assets is increasing substantially!! The company has the proven ore reserves in one of the best mining jurisdictions in the world and you would think that with the IMG share price being this low, would attract some M&A activity from potential candidates in order to acquire and replace their depleting ore reserves. What am I missing here?
The slow moving and aging members of the BOD must realize that their days are numbered and with time against them, the company would surely get a handsome premium in the open market. Don’t compare this deal with the Agnico/Kirkland merger that had a low premium attached to it because their capital structure was much larger and the long range objective was to grow into a stronger and larger gold mining company…
I think that the 4th Q results are going to be ok based on the fact that gold has been bouncing around US $1,800 for the quarter. The cash flow report should be very good…
As long term shareholders, we have faced many obstacles and challenges over the years, but a brighter future lies ahead, with Cote Gold and Gosselin under construction and coming on stream in 2023, and IAMGOLD becoming a 1M ounce producer, the investment risk is relatively low and the upside is 2 to 3 times its current share value and potentially higher depending on the future gold price…
Last point, let’s hope that there will be changes to the global monetary system in 2022 and bring us back to some semblance of sanity. Get rid of the US dollar backed financial system and return to a gold backed financial and economic global system! …Too much debt in the world… America's National debt today – Nearly $30 Trillion!!! The alarmists are predicting that 2022 will be the year when the world will experience the biggest financial and economic crisis in history!!!
Investors please note: My comments are always intended to be strictly informational and are NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research