Leve de Beurs schreef op 26 april 2015 19:14:
Onderstaande tekst vond ik op Seeking Alpha.Daarin wordt een tiental goud- en zilvermijnen besproken,oa.IAMGOLD.Een fonds dat ik (helaas)op een hoger niveau ($4,-) dan nu in portefeuille heb, maar dat ik desondanks heb aangehouden omdat ik er toch wel perspectief in zag. Hoewel mijn Engels niet zo goed is, proef ik in onderstaand verhaal toch doorklinken dat er in de loop van 2015 meer in het vat zit. De slotkoers afgelopen vrijdag was $ 2,12.
At the time of the previous, original article, IAMGOLD boasted a revamped balance sheet with $1.3 billion in total liquidity, $640 million in cash and a similar amount in debt.
However, since that article, IAMGOLD's balance sheet has only gotten stronger, especially after IAMGOLD sold its 1% Diavik Diamond Royalty to Sandstorm, for $56.8 million. Following this deal, IAMGOLD now has total cash of $700 million-plus and total liquidity of $860 million or so ($162 million in gold bullion on spot prices), compared to $640 million in debt. This gives it one of the strongest balance sheets in the entire gold sector.
While IAMGOLD has been a big underperformer so far in 2015, with a share price drop of nearly 20%, I am very confident shares will rebound in the coming quarters, as the sale of the Niobec mine and the diamond royalty will allow IAMGOLD to profitably grow its gold business with an acquisition, and focus on lowering costs at its core gold assets.
I remain confident this is a turnaround year for IAMGOLD, and I am looking forward to seeing some of the company's next moves.
Seeking Alpha,
Hard Asset Investment, 24-4-15