IAMGOLD Corp T.IMG

Finally a solid up day!

[toppgunn]

IMG has had an extremely "rough" year.  The 25% plus gain in one day is probably the biggest in years e.g. perhaps 10 plus or more.  Take the gain when it comes in probably more than a decade!

[toorisky29]

I'm wishing I would have done my intuition an bought more shares ..  but long term this will do well

[Consvestor]

So they are down to just Essakane in Africa?  Hopefully can dump that for a decent price as well and be solely a "safe jurisdictions" gold miner.  I am pretty pleased with the recent moves.

[oilandgasmick]

I am pleased with this move too.  I haven't been keeping up with this one-- so question for the board. After this sale, what is the net debt position (approximately) of the company? I am thinking that the better looking ratio (compared to a few years ago) might prompt an offer from someone to simply take the company out. That might be best for all concerned.

[unclebobby]

Don't think so, best for all  concerned  as they would not get true value  for shares  ,suffering from  poor mgt  for years. Holding for true value 

[oilandgasmick]

I'm not suggesting that they should sell at $3.2 bucks per share--that would be ridiculous but I do think that if they can continue to improve the balance sheet and get an offer of between 5 and 6 bucks per share then a lot of investors would take it and ride away just to be away from these guys. In all my years of investing I have never seen a more incompetent and arrogant set of managers

[Westcoast777]

"In all my years of investing I have never seen a more incompetent and arrogant set of managers than what we witnessed here over the last decade. Just a shameful money grab by people who should be embarassed by their own performances." The Market obviously thinks otherwise. Without digging to deeply into it, the Current "useless" board seems to have pulled off a couple of

[oilandgasmick]

I'm not suggesting that the recent deals haven't been good ones because they obviously have been. There is some new blood in the company and some added shareholder pressure has prompted the organization to make some moves that were long overdue. I am referring to the "last decade" where compensation levels for senior officers were totally out of sync with share prices and the

[greendayyyy]

I have also mentioned a few times that this management has been poor and that growth has been non-existent for years. For now this management is doing a good job. We see it with a steady increase in price and investors are starting to believe that the problems are behind us. Don't forget that future large-scale projects will increase rapidly. Projects under 1 billion are already gone. In the