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IAMGOLD Corp. Message Board

  • pm_guru_1 pm_guru_1 Mar 25, 2013 2:29 PM Flag

    Quarterly dividend - just a suggestion

    Miners need to be more shareholder friendly. I do not prefer annual or biannual dividends. I hope when next quarter earnings come out, we see that mgmt has bought and retired a lot of shares on this 6-7 dip.

    I know mgmt says they want to preserve cash, but I think they are stupid if they don't buy a cheap producing mine right now. They would have been better off buying a cheap producing mine last year and then they could've bought Cote Lake for half the price they paid right now. IAG could really use a good low cost 150-200k oz/yr asset to boost them firmly over 1M oz and then 1.5M+ ozs looks easily attainable with Westwood and Cote in the picture. IAG should be in a class with AUY and AEM if they can execute operationally and make a shrewd move. In any case, IAG is a $10+ stock at minimum assuming gold is better than fiat money, which I think is self-evident. YOU MUST OWN GOLD. The banks and govt WILL STEAL your money one way or another: inflation, taxation, or outright confiscation.

    Sentiment: Strong Buy

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