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after solid RNS, they just keep coming. The other 9 of 22 trench results from Bibemi are due this month. Confirmation of the £500k tax rebate in bank can’t be too far away.
Remember IAMGOLD are on a $1m spend on Phase 2 Dalafin. This alone, with cash makes up the market cap. Serious rerate overdue, the longer it takes the more dramatic it will be.
Summary
Dalafin - IAG phase 2, 2nd year earn in, further 5000m air core drilling, followed by 4000m RC drill, mostly Madina Bafe but also Saroudia, target spend 1million.
Cameroon - yesterdays results were 13 of 22 trenches. continue to see corridor of mineralisation, better understanding of geology, know it is gold rich area.
Wapouzi soil sample results Q1
VAT resolution - confident at least £500k return, R+D reimbursement.
Year end report will show significant savings, announcement soon.
Offsetting costs, legacy assets in Turkey.
'Some of the best staff in the industry'. 'Market will catch up eventually'. 'Results will drive value'
It isnt the £40k thats important. It shows that they have their house in order. First £500k VAT rebate, now £40k R+D relief for 2016 with submissions for 2017 and 18 to follow. New BOD bringing in experience. New drivers at the wheel here and so far I think they're doing a good job. Picking up Cameroon license looks like it could make this company.