Australian (ASX) Stock Market Forum

IGR - Integra Mining

the annual report says theres some activity in feb 2007 so i am going to hold untill then
 
given the fun they've been having with broken drill rods etc. trying to drill one diamond hole (that in a 'cosmic' sense should be completed) its a bit ironic that they're presenting at the excellence in mining and exploration conference.

I don't hold any of these but I'm definitely curious as to what they'll actually find when they complete that hole lol.

Sounds like the gold deposits marginal for development at the moment.

They've got a few interesting sounding prospects in general though but they'd have to show a bitmore excellence in drilling before I'll be taking any.
 
fair call.

but i think thats got to be a recognised risk when it comes to mining, things cant be all smooth sailing.

I dare say rio tinto would be breaking a few drill rods, they cant report them all surely.
 
I know for sure they all don't get reported.....I was working in Yandi Codgina in north WA when one went through a crusher and stalled it and made a hell of a mess and took 36hrs to cut it out with oxy lances, the ones that do need to be marked and depth recorded to prevent this.
 
yeah I agree these things happen, was just having a bit of a dig at them, but its certainly built up the suspense given that they're only trying to drill one hole.
 
igr has been selling a fair few stocks at 13 cents.

could this create some resistance around 14.5 to 15 cent mark as people try to make a quick buck.

It doesn't appear to have any momentum in swinging northwards at the moment.

they have done plenty of reminding on what sources they have, but very few additions to it, or even action.

give me some action integra, bhp and rio cant keep covering your losses!
 
http://au.finance.yahoo.com/q/hp?s=IGR.AX

Check out the volumes on IGR. 4 times the average being traded. Over a million a few times of late. Orders of 800,000 being filled in one hit.

They are moving there base to a different location which they hope to be more productive.

I have been following it for a while as a I am a long term holder, and think something is up...just a gut feeling. Share price has dragged down mainly through small volumes. $1000 and $2000 trades.

My guess is there will be another resource upgrade in last 1/4.
 
volume up to 1 million in 1 hr.

something is up....

and its up to 15 cents without an announcement

theres are some big buyers in now aswell.

and not many sellers, market depth looms deep...
 
Ken said:
volume up to 1 million in 1 hr.

something is up....

and its up to 15 cents without an announcement

theres are some big buyers in now aswell.

and not many sellers, market depth looms deep...


500K went through no problems -interesting nobody has any orders @15cents? aaaaaaaaaagh who put 50K in!!!! as I posted!!!!
 
hope u are right. But possibly a reaction to gold price pushing 600. most of the gold stocks have retreated in recent weeks with weak gold price.

Hope something is up as I've been holding this one for quite a while and would be happy to flick it on....
 
1.6 million volume.

biggest day i have seen since following it.

if it can hold 15 cents which is where it took off from last time, i think it will be very bullish, and go past 20 cents easily.

I can see it gaining some momentum from today.

it has been disappointing for some time now.

integra mining

WIN THE GAME

p.s

there was an order crossed for 75k, what does crossed mean?

http://www.integramining.com.au/pdf/GoldMiningJournal_0612.pdf

oxr, lhg, and bmo, are up but igr, is 15% plus....
 
Ken said:
there was an order crossed for 75k, what does crossed mean?....

I just found on my scans few mins b4 you posted, and looks int...????

Lowish volume though, but the b/s ratio looks ok.

Crossed I think normally when one seller sells to a buyer with the same broker.
 
by crossed, I assume you mean XT. cross trades are conducted by brokers who perform the trade within house, between their own clients. The volume does not normally, appear in the market depth - but does sometimes if one side of the order has already been placed.

By performing cross trades in this manner it does not drive down or up the price. There was a 500k cross trade today, and a few smaller ones.
 
joslad said:
By performing cross trades in this manner it does not drive down or up the price. .

Thats strange but Interesting the price doesn't change, given it's still an exchange of shares.
 
i notice it a fair bit in the trades when you see last 10 trades. i have seen it after close.

interesting.
 
SevenFX said:
Thats strange but Interesting the price doesn't change, given it's still an exchange of shares.


The price is not usually affected, because the transfer of shares is conducted between the brokers clients and never appears in the market depth.

Taking a hypothetical case, a client wants to offload 2 million IGR shares. Placing the order into seats, ie in the market depth, will most likely drive down the price and seller will get less per share. Trickling them thru will take days. The better option is for the broker to find a client who wants to buy 2 million shares at the current price, or close to it, and affect the transfer that way.

Sometimes one side of the transaction will already be placed to the market and you will see them disappear from the depth when the transaction concludes.

I guess you could say cross trades are neutral - the price is not affected.
 
Ken said:
i notice it a fair bit in the trades when you see last 10 trades. i have seen it after close.

interesting.

XTs are negotiated in house between two brokers on behalf of their clients.
They don't change the price because it would be quite easy to manipulate the share price. If they showed up in the last price technicals and price discovery would be way out of wack!

Ken - it's good you're still holding and theres a lot of worse bets out there especially at the current SP. I sent you a PM.
Cheers, powwww
 
1.97 million volume for the day.

around about 8 times average trading.

closed at 15 cents.

sellers at 16 cents, buyers at 15 cents.

I dont think it will go far past 15 cents without some positive news. The high volume may sugguest something is not far away.

Integra is primarly a gold exploration company yeah, they also have a URanium play on the cards aswell dont they??

Does anyone have any further info on this?
 
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