Club Mulgoa

Friday, February 10, 2012

IGR

http://www.proactiveinvestors.com.au/companies/news/25159/integra-mining-intercepts-6m-at-864gt-gold-and-11-copper-at-imperial--25159.html

With a good announcement like the above (8.64g/t, not 864g/t), how can the share price fall? Yet, there are incredible idiots selling the stock, purely on market sentiment. Who are these fools who are managing the stocks?

It is immaterial to me because I am not buying nor selling. Those who bought when I highlighted IGR would be happy. I am onto >80% profit. I also bought 2x1 oz nuggets of gold from them at their first pouring at around USD$1400 per oz about a year ago. Of course, I wish I bought more!

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