IGR - Integra Mining
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well it looks like something was up, and people knew about it.
whether its good i am not sure yet.
IGR have offered shareholders 1 share at 10 cents for every 5 shares held.
I can't see this bringing the shareprice down to 10 cents as IGR are basically saying the share price is not worth that.
from my calculations.
if you were to purchase 66,666 shares @ .15 = $10,000 which will allow 13,333 shares to be bought at 10 cents. so total cost would be $11,333 and total shares held would be 80,000.
$11,333.00/80,000 would give an average share price paid of 14.1 cents.
IF the capital raising fails i guess the company is in a sticky spot. But if it is backed it is a sure sign for the future.
I own 15,000 IGR and would get an alocation of 3,000 shares at 10 cents, so it would only cost $300, which i think i would take. the market reaction will be interesting. I hope it is not dumped after making some good groud last week.
anyone else got an opinion???
whether its good i am not sure yet.
IGR have offered shareholders 1 share at 10 cents for every 5 shares held.
I can't see this bringing the shareprice down to 10 cents as IGR are basically saying the share price is not worth that.
from my calculations.
if you were to purchase 66,666 shares @ .15 = $10,000 which will allow 13,333 shares to be bought at 10 cents. so total cost would be $11,333 and total shares held would be 80,000.
$11,333.00/80,000 would give an average share price paid of 14.1 cents.
IF the capital raising fails i guess the company is in a sticky spot. But if it is backed it is a sure sign for the future.
I own 15,000 IGR and would get an alocation of 3,000 shares at 10 cents, so it would only cost $300, which i think i would take. the market reaction will be interesting. I hope it is not dumped after making some good groud last week.
anyone else got an opinion???
3 veiws of a secret
3 veiws of a secret
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Ken said:
Well Ken the maths are there and the shares just get printed out.I'm not impressed with this announcement.
BTW do Integra Mining make Honda spare parts?
i am not overly happy about it either. Increasing shares will make my shares worth less in the overall scheme of things.
Definatley a sign they are running out of cash.
Just as the share price picked up also. Where was the resource upgrade!
If i was in integra minings shoes i'd hope to have something up my sleeve before the record date for the new shares, to give investors something. Because at the moment it sort of feels like they are doing a fair bit of taking at the moment, with not much reward.
Wheres the uranium exploration.
IGR....
you need to lift or you will soon find yourself on the BENCH of the future trump towers port folio.....
someone cut the 3 QTR time oranges
Definatley a sign they are running out of cash.
Just as the share price picked up also. Where was the resource upgrade!
If i was in integra minings shoes i'd hope to have something up my sleeve before the record date for the new shares, to give investors something. Because at the moment it sort of feels like they are doing a fair bit of taking at the moment, with not much reward.
Wheres the uranium exploration.
IGR....
you need to lift or you will soon find yourself on the BENCH of the future trump towers port folio.....
someone cut the 3 QTR time oranges
3 veiws of a secret
3 veiws of a secret
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Ken said:
Now now Ken you invested in them also.....i have a close friend that is extremely wealthy ,when i questioned him why dont you invest on the asx....he relied "I dont need no director to tell me where to park my money.".......end of Jackanory!
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I have observe this stock for a whole. Cash is down, good news out... unfortunately, market has no response. Then raise money cheaperly anyway at existing shareholder's expense. I doubt the capability of the current management team. Maybe bad luck. Maybe they can turn things around with some good luck, who knows?
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Just released some positive drilling results which has pushed the price to a nice technical spot on the chart. The volume has been confirming nicely on the day chart since late Nov. More results due this month ... looks like it might be turning around
Sean K
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IGR has done this before. A high gold announcement report followed by a spike in share price, then a fall away. I hope it brings a steady flow of announcements, as I think they have the land.
The issue is when will they start producing??????
I like to know support and resistance levels, thanks Kennas for the graph.
Production for IGR will send it to all time highs, untill then no production, weak share price.
Thats my view.
The issue is when will they start producing??????
I like to know support and resistance levels, thanks Kennas for the graph.
Production for IGR will send it to all time highs, untill then no production, weak share price.
Thats my view.
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I only found out about IGR a few days ago (Aegis blue book) but it certainly seemed worth some investigation. Daily chart Kennas posted doesn't look particularly inspiring, but the weekly chart IMO is looking ok....
tend to agree with Ken about sp languishing till they start producing (unless POG rockets).... read this announcement which doesn't sound good to me (production wise)
Integra Mining Limited (Integra) is pleased to advise that the Company has reached
agreement with South Kal Mines Pty Limited for an extension of time for relocation of
Integra’s 100% owned New Celebration gold processing facility. Integra now has until
31st March 2008 to relocate the gold processing facility. The agreement required Integra to
place an additional $350,000 of performance bond in addition to the original $150,000
bond placed at the time of acquisition.
so maybe sometime after march 2008 for production???
Will add it to my watchlist I think
Tony.
tend to agree with Ken about sp languishing till they start producing (unless POG rockets).... read this announcement which doesn't sound good to me (production wise)
Integra Mining Limited (Integra) is pleased to advise that the Company has reached
agreement with South Kal Mines Pty Limited for an extension of time for relocation of
Integra’s 100% owned New Celebration gold processing facility. Integra now has until
31st March 2008 to relocate the gold processing facility. The agreement required Integra to
place an additional $350,000 of performance bond in addition to the original $150,000
bond placed at the time of acquisition.
so maybe sometime after march 2008 for production???
Will add it to my watchlist I think
Tony.
Attachments
2008 march will come around quicker than you think.
i think now is the time to get in.
they will do a heap of drilling this year, and the results will be amazing, and the share price will gain momentum, it will really rocket when production comes on board.
cqt hasnt stareted producing and just on there resource base alone have made some huge gains.
price of gold very important for IGR's margins.
i am actually glad they will be producing in 2008, price of gold could be a lot higher.
i think now is the time to get in.
they will do a heap of drilling this year, and the results will be amazing, and the share price will gain momentum, it will really rocket when production comes on board.
cqt hasnt stareted producing and just on there resource base alone have made some huge gains.
price of gold very important for IGR's margins.
i am actually glad they will be producing in 2008, price of gold could be a lot higher.
Here's something that somebody posted on Topstocks.com.au this morning:
"I have spent the last 2 weeks researching as much as I can about this stock and here's my take on the current and not to distant future situation for IGR.
They have built up their resource base to a point that it's now attractive to mine or sell. The news about the extension of time for relocation of the New Celebration processing facility was not negative (as the market generally received it), but strategic and leads me to believe that due to the cost for IGR to process their current resource base being on the high side they are waiting for the gold price to soar up early-mid 2007. In the meantime they will report further discoveries and build their resource base even further. Researching information about the current and future gold price it begins to make more sense...
I have included a link to an article from goldprice.com below. This should help explain where I am going with this:
http://goldprice.org/silver-and-gold-prices/2006/12/silver-price-to-test-24-and-gold-price.html
So my theory is that IGR is currently poised to take advantage of the massive upside in the gold price that awaits them early this year.
Please understand that this only my opinion from the research I have done recently and all speculative.. Thanks for reading"
I agree with this sentiment.....
"I have spent the last 2 weeks researching as much as I can about this stock and here's my take on the current and not to distant future situation for IGR.
They have built up their resource base to a point that it's now attractive to mine or sell. The news about the extension of time for relocation of the New Celebration processing facility was not negative (as the market generally received it), but strategic and leads me to believe that due to the cost for IGR to process their current resource base being on the high side they are waiting for the gold price to soar up early-mid 2007. In the meantime they will report further discoveries and build their resource base even further. Researching information about the current and future gold price it begins to make more sense...
I have included a link to an article from goldprice.com below. This should help explain where I am going with this:
http://goldprice.org/silver-and-gold-prices/2006/12/silver-price-to-test-24-and-gold-price.html
So my theory is that IGR is currently poised to take advantage of the massive upside in the gold price that awaits them early this year.
Please understand that this only my opinion from the research I have done recently and all speculative.. Thanks for reading"
I agree with this sentiment.....
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Hi Calemb, just wondering why you chose to imply that somebody else posted this on topstocks, when that somebody has the same username as you?
Interesting thought about the timing of the mill but I'd have thought that (unless their production costs are going to be very high) that getting into production as soon as possible was in the interests of shareholders, waiting for the gold price to rise (which still may not happen for a long time) seems a risky strategy to me.
Tony.
Interesting thought about the timing of the mill but I'd have thought that (unless their production costs are going to be very high) that getting into production as soon as possible was in the interests of shareholders, waiting for the gold price to rise (which still may not happen for a long time) seems a risky strategy to me.
Tony.
