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IAMGOLD Corp. Message Board

  • bobjones814 Mar 15, 2013 8:02 PM Flag


    Good balance sheet, recent insider buying, good volume on the upside today, and a 3.6% yield. Sure, the price of gold may go to 1000 as some think. But I am willing to take a chance here. The stock market seem's kind of toppy here, especially with the dem's and repub's are such in disagreement. This increase in the debt ceiling will come up in May. I listen to talk radio and they are very hawkish. It is good to have alot of cash in my thinking. The "tea party" remind's me of circa Herbert Hoover that helped cause the depression of the 1930's. However, the gold miner's rose during the 1930's. But, thank's to fracking, my largest stock holding is VIG, currently.I expect lower energy prices soon. In ira trader.

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    • bobjones814 Mar 16, 2013 4:02 PM Flag

      Mr. Bernanke is a smart person. If not for qe, TLT would be my largest holding(The baltic dry index is near record low's). The United States has alot going for it. The U.S. dollar will remain the reserve world currency. We have ten time's the stongest military in the world of the next strongest country...China. Also we have the best CIA to protect our country. IAG is currently only 10% of my portfolio, but I predict lower energy prices and that will help the bottom line on IAG. Fracking is a worldwide game changer for a better life for all folk's.

    • nrepak Mar 16, 2013 10:23 AM Flag

      I myself would take gold over this inflated ballooning economy with paper abounding around the world. Student debt all time high, personal debt increasing, higher home prices encouraged by the Fed through monetary easing by printing billions monthly backed by nothing, no consumer spending no economy ergo print money. Someday this merry go round will end. Gold sounds better and it also sounded better throughout human history.

    • VIG? Is that the right symbol?

      Sentiment: Buy

    • Anyone who thinks gold will be $1000 has lost their mind. Money supply of any metric you wanna use shows 10-20x growth. And most things cost 10-20 times more thsn in 1980. Duhhh! Are we going back to 1980? No, we are going to rocket fuel debt spend and monetize everything. Every country. No one escapes alive.

      IAG is great value. I actually got some at 6.15 which was over 4% yield. If it gets a 5 handle I prolly add another lot. This company at this pricer is just asking to get a hostile takeover. It's like if a pretty girl put on a #$%$ Getup and went to frat party, she is going to get hit on. Just the $1B in liquid assets alone is worth the takeover nevermind all the assets and production.

      Another one in Africa you might take a look at is Endeavour Mining. Their stock sucks too, for now, and is at multiyear lows despite being a 300k+ oz profitable producer. They have 3 mines, but in Q1 they will be a 4 mine company in 4 countries with 400k+ ozs production. They STOLE Avion gold for for less than half what its worth. The Avion deal gives them a 5th mine too, a 160k oz 10 year operation with decent cash costs. That isn't until 2016. They are hitting good grades there so the IRR and feasibility will probably improve a lot on the recent PEA. EDVMF is $1.60 with about 410M shares I believe, need to double check. So roughly $650M to own what will be a half million oz producer. Stocks like Eldorado used to have 10-15B market caps with this much production LOL. Seems like good value if you can handle Mali, Ghana, Burkina Faso, and Ivory Coast. No doubt the war in the north part of Mali (FAR away from EDV mines) has hurt the share price. No operations have been affected. Randgold is a big Mali producer and their stock is quite high.

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