IAMGOLD Corp T.IMG

SAD STORY ----IAMGOLD

[Luke555]

I’d like to share some of my insights on the corporate ownership of IAMGOLD-IAG. For years, I’ve been exposing the shenanigans that have been going on within the company. Listed below are some of the companies that have been voting annually in the over 90% range for the incumbent executives in order to ensure that they they retain control of the company.
 
One wonders, what games that these ownership companies have been playing behind the scenes in order to satisfy their rate of Returns to their shareholders. In my opinion, these big institutional owners represent the worst side of our capitalistic system.
 
Top institutional share ownership of Iamgold Corp

Name	Shares	Shares % change	Value	Value % change
Van Eck Associates Corp	47,628,360	1.4%	$76,681	-53.1%
Donald Smith & Co., Inc.	40,099,242	0.4%	$64,560	-53.6%
Kopernik Global Investors, LLC	29,414,752	179.8%	$47,358	29.5%
GDX - VanEck Vectors Gold Miners ETF	25,372,336	4.5%	$40,849	-51.7%
VASVX - Vanguard Selected Value Fund Investor Shares	19,855,730	0.0%	$32,961	-41.1%
Renaissance Technologies Llc	18,687,300	7.3%	$30,087	-50.4%
GDXJ - VanEck Vectors Junior Gold Miners ETF	17,916,680	-5.8%	$28,846	-56.4%
Vanguard Group Inc	15,779,901	0.4%	$25,406	-53.6%
P Schoenfeld Asset Management Lp	13,302,319	8.6%	$21,417	-49.8%
KGGAX - KOPERNIK GLOBAL ALL-CAP FUND CLASS A SHARES	13,262,737	136.4%	$22,016

 
Today, Maryse Blanger, Chair of the Board and Interim President and CEO, is the latest figure head to lead the demise of the company. It really is a sad story and it appears that she will be the scape goat of this disaster. The closing share price on 10/14/22 is CDN. $1.44 and US $1.05 and is heading toward historic lows. Do not tell me that all the gold mining companies are all suffering under the brutal low gold price. I admit that its part of the problem, but it did not have to push IAMGOLD to historic lows; they had many opportunities to support the IAMGOLD price and keep it at reasonable levels. The current management group that are in the twilight of their careers did not align their goals with the retail shareholders, this self-serving bunch of executives were more concerned with protecting their positions and vested interest in the company.
The company finds itself overburden with mounting operational cost, Cote construction over-runs, keep falling behind the completion schedule, and major financial liquidity problem, key members of executive team have suddenly departed from this monstrous situation.  
With the share price crumbling and potential bankruptcy around the corner, along with the possibility of being delisted from the NY Stock Exchange, where does this leave the company?

[Sabatooth]

I don't support the management team, but your claims are to apocalyptic. "potential bankruptcy" is not around the corner...... they own very good assets...  once this is low enough, someone with a brain should come in and buy up the company. Maryse has been an absolute disaster and if you recall she was put in by a company that no longer holds positions in IMG. IMG needs a

[RayDonovan78]

Luke, You should go see a Doctor with your many repetitive post sounds like Alzheimers is setting in, and now with your delusional perdictions it may be Dementia. Go get checked out Buddy !!

[RayDonovan78]

Luke, You posted this EXACTLY 45 days ago, what has changed except for your meds ???