Hopefully Good Results !!!

I think with recent news that has been reported by company, facts are that this company is progressing nicely and is a strong buy.

With increased ounces, decreased cost per ounce, money in the bank and loans literally paid off - IMHO it is just a matter of time til this baby takes off.

It wouldn't hurt if gold increases substancilly either ;)

Any Ideas...

COMPANY NEWS ALERT

Prokhorov's Intergeo seeks IPO or share placing-sources (Thomson Reuters)

MOSCOW, Feb 1 (Reuters) - Russian billionaire Mikhail Prokhorov's mining company Intergeo is looking to launch either a private placement or an initial public offering of stock in Toronto, two sources said on Friday.

The company is preparing for an IPO before the summer, one source said, while a second said it is seeking a private placement with up to three Russian investors to raise around $200 million, while an IPO would depend on the market.

Prokhorov, who built his fortune in metals and mining, is also close to a deal to sell his Onexim company's 38 percent stake in Russia's biggest gold miner, Polyus Gold, sources have said.

The tycoon, who has a fortune estimated by Forbes magazine at $13 billion, lost out to Vladimir Putin in last year's presidential elections and has said he will step back from business in order to focus on politics.

Intergeo, which Prokhorov owns with former Norilsk Nickel executive Maxim Finsky, filed a preliminary IPO prospectus with Canadian regulators last May.

The company was set up in 2008 by Onexim to develop 11 large fields containing copper, nickel, molybdenum, titanium and platinum group metals - assets that it acquired in Prokhorov's business breakup with former partner Vladimir Potanin.

Potanin initially challenged the asset transfer, orchestrated by Finsky, but these claims faded and Prokhorov went on to secure near complete control of the company in September 2011.

Questions surrounding the creation of Intergeo caused a delay to a merger of Canada's White Tiger Gold and Century Mining, in which Finsky had secured control, but which was eventually completed.

The banks leading the Intergeo offering are Morgan Stanley and BMO Capital Markets, according to the company's May IPO announcement.

Intergeo and Onexim declined comment.

With approximately 4600 1st half and approximately 8500 for 3rd quarter – WTG is approximately 7000 away from achieving target. I see them easily achieving this amount in 4th quarter and maybe surpassing it and at even lower costs!

Now that the mines in russia are at their best performing quarters, technical report coming out, resources increasing while exploring continues - I am sure we will see some uprise.

I have increased my holdings in WTG as I see good things about to start happening - call me crazy but I think there is still potential here after all that has happened.

I have averaged down tremendously as larger investors have as well - hoping that the company will reward us instead of taking a major hit.

If the company performs and gets the mines all running and producing, it will reward - may have to sit until 2014 but with gold prices increasing and low operatg costs our odds are as good in this investment as in many others.