INTERNATIONAL GOLDFIELDS LIMITED.. (IGC)

Posted on 07 July 2008 by Alex

 

INTERNATIONAL GOLDFIELDS LIMITED.. (IGC)

Sector Materials
Index N/A
Market Capitalisation $56m
Strategy
Recommended Date 7/7/2008
Share Price * $0.45
12 Month Price Target $0.85
Suggested Stop Loss $0.32
* Price at close of trade on 2/07/2008
 
Recommendation Spec Buy Buy Add Hold Sell
Risk Rating Low Medium High
 
How many shares do I buy?
Our trade size calculation is:
 

Amount ($) you are prepared to risk
 
Market Price - $0.45

Note: Amount ($) you are prepared to risk is typically 2-3% of the TOTAL amount you have to invest.

Checklist

 

 . Resource value

  Summary  

International Gold Field (IGC) is a mineral exploration and development company. During the year 2007, the Company began divesting from its Western Australian gold interests and commenced earning a right into the Genorah Platinum farms in South Africa.

 

Background

RESULTS BY INDUSTRY Revenue B/Down ROS ROA
Gold Exploration 100.0% -82.9%  
Platinum Exploaration 100.0% 0.0%  
RESULTS BY GEOGRAPHY Revenue B/Down ROS ROA
Australia 100.0% 0.0%  
South Africa 100.0% 0.0%  

Investment Summary
INTERNATIONAL GOLDFIELDS LIMITED.. (IGC) has been on our radar for some time now, and we believe the time is now right to recommend the stock as a ‘spec buy’.

 

INTERNATIONAL GOLDFIELDS LIMITED.. (IGC)

INTERNATIONAL GOLDFIELDS LIMITED (IGC)

Top section of chart - price performance

The top section of the chart displays the price history and 20 period moving average of the security compared to the S&P/ASX 200 for the requested period of time. To allow comparison between the performance of the security and the S&P/ASX200, the index level has been set to the same starting point as the security.

S&P/ASX 200 is the default index, but the users may change this to any of the real time indices by selecting from the dropdown list. In some cases users may wish to compare the performance of two securities.

 Red line: The red line on the chart plots the price of the primary security over the requested time frame. The actual price level is shown on the right axis. Note: The chart may not show actual share prices as share prices are adjusted.

 Dark blue line: Generally the dark blue line on the chart represents the value of the S&P/ASX 200 over the selected time period. However, if a security is being compared to another security, the dark blue line on the chart represents the value of the secondary security, As mentioned above the level of the index has been adjusted so it starts from the same level as the security. The performance of the Index is measured on the left axis.

 Light blue line: The horizontal light blue line running across the chart represents the starting level for the securities and/or the Index.

Burgundy line: The burgundy line represents the 20 period moving average for the security. See the 20 period moving average section below for further explanation.

Bottom section of chart - volume information

The bottom section of the chart displays the turnover level for the security over the selected time frame. The level of turnover may be read from either the left or right axis depending on the colour of the bar.

Dark green bars: Where a dark green bar represents the turnover the level of turnover is read from the left axis.

Pink bars: Where a pink bar represents the turnover the level of turnover is read from the right axis.

The reason for the two axes is that the volume multiplier changes depending on which axis the turnover is read from, for example the left axis may have a multiplier of 100 (represented by x00) and the right axis may have a multiplier of 1,000 (represented by x000).

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