IAMGOLD Corp T.IMG

REASONS TO BE OPTOMISTIC

[Luke555]

As a long term shareholder, I’ve been to hell and back several times with IMG/IAG. But I’m still hanging in there. It’s a high risk proposition, but I like my odds! When you have a company that is approaching cash value, what do you have to lose? I see an opportunity!

People keep asking me what I see in the foreseeable future on the share price as well as financial results etc.  Well, as part of my optimism that I’ve been expressing for the past several months, I believe that the 3^rd QT results will be better that the last quarter. Some mining companies are already reporting stunning increases in cash flow. A 10% increase in the gold price could mean a doubling or tripling in cash flow for some companies. When precious metal prices are rising because of inflation, margins widen more quickly than costs rise. 

And secondly, if gold rises according to my expectations based on the combination of seasonal factors, high US debt and rising inflation and if the gold price should break above $1,850 - $1,870 range, I believe that these will be the underlying reasons that will play key role in propelling Gold to New All-Time High. And the IMG/IAG share price will be much, much higher than it is now. This is my best optimistic scenario and it allows me to sleep well.

I have followed my consistent message to the letter, “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 gold price over the next few months because of the seasonality and other factors.  “Be patient, Sit tight and BE right”!!

TD Investment Conclusion: We are maintaining our BUY recommendation and our target price of C$6.00.
 
(This estimate may be too conservative if we get the rising gold price that I’m expecting)
 

[unclebobby]

why would you call it a high risk when the company has 1 billion in the bank, and gold assets on 3 continents, to me it's a no brainer and TD has a 6-7.5 $ on it

[Luke555]

I basically agree with your comments and those are some of the good reasons why I hold the stock. I always enjoy dwelling about positive aspects of the company. But, in my previous post, I commented that we are not out of the woods yet.  In my experience, I’ve learned a long time ago that when investing in exploration / gold companies there’s always a higher amount of risk than in most other

[unclebobby]

yes the problem lies with CEO/BOD, but the$$ goods are a known fact. Q 3 should be a good one, cheers

[marketdiva]

Sell some shares ; you obv have too many ; quit pumping it makes no difference  quote=Luke555]As a long term shareholder, I’ve been to hell and back several times with IMG/IAG. But I’m still hanging in there. It’s a high risk proposition, but I like my odds! When you have a company that is approaching cash value, what do you have to lose? I see an opportunity! People keep asking me what I

[Luke555]

Marketdiva, I don’t know what your agenda is on this board, but most shareholders want the share price to go up. I don’t appreciate your derogatory remarks. Have a good day, JOE!

[greendayyyy]

You want to know how to fill your pockets and laugh at the shareholders while sitting all day in your chair doing nothing IMG has the solution. We are the best incompetent managers in the business.  Just a little humor to relax us.

[Consvestor]

I am a long term IMG shareholder as well (10+ years).  There have been several moments over this time frame when the share price has gotten to around the area it currently sits.  It has always bounced back, and I expect it will again.  Future looks bright with Cote and other projects.