IGR - Integra Mining

[Sean K]

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.....

Calemb, you lose a little credibility when you blatantly lie about a source of information, and ramp a stock like this here. In the future can you please post a link to any information you might quote from 'other sources'. Thanks, kennas

 

[Ken]

I have only seen IGR rise after high gold drilling announcements.

The stock needs some backing from some instos I believe, and at present it doesnt have that backing.

I do believe its at a critical point. If they disappoint the market, then I dont see a bright future for integra.

We are at the base of a big sell off in 2006.

 

[Sweet Synergy]

Chart wise I'm liking the look of this. Converging MACD, also moving up on great vol last week, and very strong market depth on the buy side. Not so sure about the price spike tho! Due to a short surge after ann ... Be interesting to see what it does this week.

Could see a nice move up as more announcements due shortly and the end of Jan. http://integramining.com.au/pdf/ASXRelease070110.pdf

If it reaches 16c soon it will complete an ascending triangle with the next target being 21c

Good luck to all those holding

 

[wintermute]

Yeah I like the weekly chart, seems to have come off the boil a little on the daily though... I'm thinking it might still be possible to get some at 11c in the short term... always a worry though when awaiting drill results, buying on speculative grounds!!

I don't hold...

Tony.

 

[Ken]

exploration update. what do people make of it.

i am trying to put the clues together.

but i dont have the knowledge.

each announcement looks like a hint but yeah dont understand the numbers

 

[exgeo]

VMS deposits (Volcanogenic Massive Sulphide) typically contain Zn, Ag, Pb, Au, Cu. Generally these deposits occur in clusters of 4 to 11 (Golden Grove is an example). According to IGR, earlier holes by previous companies were drilled in the wrong place to test the mineralisation (drilled down-dip instead of across it). They could be on the edge of something economic, which more drilling will determine.

More surface IP (Induced polarisation) is planned to test for buried extensions to the existing mineralisation, to be followed up by deep RC drilling in mid feb 07. DHEM will also be carried out, to detect off-hole conductors (possible mineralisation that was missed by the drillholes).

 

[Ken]

Has the roadshow presentation told us anything we dont know?

The company seems to be marketing hard with these sorts of announcements it appears.

 

[Ken]

Volume close to 1 million and its ranging between 12.5 cents and 13 cents.

Are people reading this as a sell of stock or an accumulation of stock?

My gut instinct is telling me accumulation, but in the past IGR has disappointed me. I am not convinced about IGR yet. I think it can, I think it should, but I dont know if it can.

 

[wintermute]

much lower volume today, only 300,000 odd but only max of 3 buyers... possibly all one buyer, based on course of sales data....

Time Price Volume Value Conditions Attributes BuyXRef SellXRef
25/01/2007 02:27:47 0.125 41600 5200.00 F
25/01/2007 02:27:37 0.125 40000 5000.00 F
25/01/2007 01:22:42 0.13 14400 1872.00 XT F
25/01/2007 10:09:38 0.135 153635 20740.72 G
25/01/2007 10:04:36 0.13 56512 7346.56 F
25/01/2007 10:04:36 0.13 41500 5395.00 XT F
25/01/2007 10:04:36 0.13 13253 1722.89 F

Tony.

 

[mmmmining]

I watch this one for 4 months. The price stay the same. So were other gold stocks. Maybe it is time for this one to advance, along with gold price. My impression is that they have some nasty ore, which is very difficult to crush and process.

Just impression from a potential investor with not much research. Correct if I am wrong.

 

[Ken]

I still have a small interest in IGR. after selling today, for quick trade.

The company is bullish as far as its reporting goes, yet investors are not.

I think positive drill results will be the key driver of the stock as its resource becomes more clear cut. Their land has high grade results drilled already, and they are moving into an aggressive stage of drilling shortly.

I believe its make or break time for many IGR investors. For those who have bought in around the 10-15 cent mark, as the intial punters which drove the stock up to 28 cents are now gone from the sell off.

If there are delays again 10 cents being resistance will be tested, I maintain my hold with a stop loss of 10 cents. If it drops below 10 cents I think its over.

IGR really needs its 5th year of production to come good. Without it I believe they will never get the chance to explore all their assets. They will be raising funds again sometime this year, and i would hope this is after the drilling results are released, and backed by a big investment company rather than shareholders pitching in again. If significant funds are raised, there will be a short term drop, but I think the ball will be rolling and then potential is larger than you think.

In short, 3-6 month investment could be very profitable if your stop loss is at 10 cents and your buying around the 12-13 cent range, but I still believe long term hold and 2008 will bring production.

 

[Ken]

spiking to 15 cents on big volume. has happened before.

hopefully gets some steam behind it.

a lot of volume around 13.5 cents.

massive sellers at 15 cents.

 

[Ken]

interesting situation for IGR.

late reaction to the last annoucement? volume higher than the day it's high grade intercepts were annouced.

still cant get through 15 cents.

tommorow will be interesting to see if it holds.

 

[Ken]

my first attempt at publically preparing a graph.

dont laugh.... am i doing it right?

i think IGR has to break 15 cents to be away. believe it will trade between 12 and 13.5 on low volume days, and 13 and 15 on high volume days....

 

[Sweet Synergy]

Nice chart Ken

Yep I'd agree, the resistance at 15c has been very strong, be nice to see it clear that. (personally I'd wait to trade as it passed 16).
With the huge volume happening recently, it will IMO really move if breaking 15c (with more good vol.)
Although not perfectly formed the ascending triangle target is 21c, with resistance at 16 and 18c

Overall looking very nice, good recent anns, volume confirming upward movement. Closed quite strongly today. Just needs to clear this sticky resistance!

 

[Ken]

well its broken 15 cents and next barrier is 20 cent mark.

i would think that 18 cents will be new support.

but its run well of late.

 

[Brujo]

This is moving quite nicely over the last couple of weeks, breaking through 20c pretty easily.

Doing an awful lot of drilling at the moment, so something must be in the pipeline.

Big number of shares on issue, so would need something truly significant to keep spurring the price along, but looking good.

The Randalls area has always been a bit of a tough go, as well.....grade often an issue and high power factors needed to crush the ore.

 

[Dratoz]

Looks like this is about to take off again . A good increase of a day where the stock market lost more than 1%.

 

[Ken]

300 million shares on offer. now. market cap of $50 million. Does this make IGR a well backed company. In terms of Share price its trading well below its peers.


Is the number of shares on issue a problem?

I just listened to there story at the last gold presentation on brr.com.au and the CEO know his stuff.

Very impressive.

As an investment, it appears to be patience will be rewarded.

They have enough things going and $8 million in the bank now.

Fully funded and look to be moving north again.

Worth investigating if you like gold.

 

[exgeo]

Director spends $169,000 to buy 958,100 shares (bringing his holding to 1.2M shares). Average purchase price on market was 17.7c