is because everyone knows Blackrock and Vaneck own 25% of this company ......... they can do what they want with the stock price ............. investors are waiting to see what they are doing in 13f filings
3 more insiders bought on open market March 1st. If insiders are buying at these levels, so am I. If you don't believe me go to CanadianInsider and search ticker IMG. I would post a link but it wont let you.
Thanks for the information I just checked and you are correct Insider did buy last week. We need the CEO to buy though and buy big. Surprising we are not up today based on potential 100 million in savings this year that will help the bottom line and should not affect revenue. That is about $.25 per share in extra earnings per share!
My theory is that major shareholders are in collusion - effectively are in control of the gold mining industry - its a scam to defraud investors who make decisions on fundamentals and believe in the "market".
These majors are long gold and play the "accordion" with gold stocks -
A $200 swing gold has taken out 70% of IAG value- when the company financial balance sheet is one of the better one's in the industry and the "high cost" mines are still way more profitable now than when gold prices were in the $600 range
Its a scam of major proportion
Look at AUY - it has done "everything" right yet the stock is less than it was 5 to 7 years ago when the company was all smoke and mirrors
i totally agree ..there are about 10 houses that control these mid tier golds and they are killing them on purpose ..gold is going up long term ..right along with the US debt .look at the charts .........of both gold and Us debt ............ this is criminal ...but who the #$%$ can do anything about it