Bullboard - Investor Discussion Forum IAMGOLD Corp T.IMG

Alternate Symbol(s): IAG

Metals & Mining Gold

IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. Its principal activities are the exploration, development, and operation of gold mining properties in North America and West Africa. Its projects include Essakane, Westwood and Cote Gold. The Essakane project is in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces... see more

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IAMGOLD Corp > IMG/IAG SHARE PRICE TRENDING UP AS EXPECTED

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Post by Luke555 on Nov 30, 2022 2:25pm

IMG/IAG SHARE PRICE TRENDING UP AS EXPECTED

Further to my previous posting, I forgot to mention that according to the third quarter report, the Company expects that annual production will exceed the top end of the previous guidance range of 570,000 to 640,000 ounces and is revising guidance upwards to 650,000 to 705,000 ounces. This is indeed very good news for the company’s last quarter report of 2022. Moreover, it would be great, if the company would provide an up-dated N1-43-101 resource report on Cote Gold and Nelligan project. Then you would see some fireworks.

I haven’t forgotten about the short sellers. There’s an old adage, “The trend is your friend”. I’m certain that most shareholders have noticed lately that the IMG/IAG share price has been trending higher which is a good indicator for the future share price. I strongly believe that the party is over for the naysayers and short sellers. At this stage, they are probably in denial, but they will have no choice but to buy and cover at much higher prices. My indicators are predicting a massive short squeeze is coming. Look out down below…It’s going to be interesting to watch how this spectacle plays out in 2023.

Shareholders, if you have waited this long, buckle-up, sit tight and enjoy the ride in 2023. My scenario will hasten, if the gold price takes off. Whatever you do, don’t sell your shares at these low prices. Please do your own due diligence.

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Comment by RayDonovan78 on Nov 30, 2022 3:27pm

So now is the time to buy ??? Not when it was going bankrupt at $1.50 ?? Keep up the good work !!

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Comment by greendayyyy on Dec 01, 2022 8:47am

Investment in metals is the most difficult sector to manage. It took several months to reach the bottom. Finally we see the light at the end of the tunnel. Money always goes from the impatient to the patient. For my part I am invested a lot in metals and I have developed with time this patience. Look at 2011, 2016, 2020 are the last very successful years in this sector. 2023 should be a great year ...more

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Comment by RayDonovan78 on Dec 01, 2022 10:03am

I wish you luck. I have been trading IMG for over 20 years. Its a trader not an investment. The share price was higher 20 years ago. Got in at $1.50 over a month ago when some say it was going bankrupt, just sold at $2.88. Not a bad score. Best of luck.

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