With historic high stock market index, this stock is quoting below a dollar. I believe this company is forced for a reverse split especially with foreseeable stock market correction.
If not split, only hope is buyout. But no sane investor rely on it.
This company has already been sent out of business by Sierra (SWIR). This is manipulated hike with dummy trades.
This stock IAG will $10 by this year end or earlier. Unlike to any other material gold is Central Banks' cash (reserve) around the world.
Sentiment: Strong Buy
EGO, with guidance effectively in line at most of the company’s projects, the miss can be credited almost entirely to the company’s flagship Kisladag mine in Turkey. Ore grades were expected to fall as the mine transitions to a new pit phase. But nobody saw this coming.
For 2015, Kisladag grade is expected to average 0.70g/t. That’s down significantly from the 1.01g/t averaged in 2014 and well below the street’s expectations. Furthermore, costs at Kisladag are projected to rise 40% next year.
Eldorado is also being forced to dial back its growth ambitions thanks to falling gold prices. In the company’s press release, management announced that they have put expansion plans at the Kisladag mine on hold for now. As a result, investors can expect more reserve write-downs in upcoming quarters.
That is many people on earth say stock market is not investing place but gambling, Nasdaq turf club!
Watch how gamblers and manipulators override good news of IAG and gold price today.
Van Eck Associates Corporation increased their stake on Iamgold from 19 million shares to 55.5 million shares. More information is available from latest SEC filing on last Friday.
If true, they are lucky and made money.
You are absolutely right. Thanks for enlightening it to others.