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India Globalization Capital Inc (IGC)

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Last Post: 3/28/2017 12:15:50 PM - Followers: 91 - Board type: Free - Posts Today: 0

India Globalization Capital (Amex: IGC)

http://www.prcironman.com/en/

 

SEC Filings

Press Releases

Ram Mukunda, CEO of India Globalization Capital, said, "We are pleased to report profitability this quarter due to our considerable efforts to realign and focus our equipment, processes, and people on the iron ore mining business, cut costs from unprofitable construction contracts, and renegotiate or extinguish expense liabilities and debt. Our revenues for the quarter rose dramatically to nearly $4 million and we achieved earnings of $0.01 per share."

Mukunda added, "We are now filling orders from our Chinese customers through our trading operations. We expect to increase this activity as we expand our suppliers beyond India and China. In the future the lower margin trading business is expected to transition to higher margins as we supply high-grade iron ore from our beneficiation plants. As reported in Bloomberg, in September, 2012 China approved $158 billion for infrastructure as part of a stimulus plan that is expected to boost the demand for commodities. Iron ore prices have started to recover from their lows of $86 per ton in September 2012 to around $125 per ton. We have about $500 million of iron ore deposits, four mine sites, and three beneficiation plants. Our short term strategy is three pronged: 1) start supplying high grade iron ore from our beneficiation plants, 2) expand the supply chain for raw materials beyond India and China, and 3) actively look at consolidating more mines in the Inner Mongolia region that can be accretive to the Company."


 

Daily Chart:

 

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IGC
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IGC News: Unique Cannabis-Pharma Companies Trailblazing the Medical Cannabis Industry 03/16/2017 09:30:00 AM
IGC News: Statement of Changes in Beneficial Ownership (4) 03/09/2017 01:23:02 PM
IGC News: Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) 03/08/2017 05:25:30 PM
IGC News: Quarterly Report (10-q) 02/21/2017 04:12:17 PM
IGC News: Current Report Filing (8-k) 02/17/2017 04:12:31 PM
PostSubject
#5029   IGC Aims to Become a Leading Provider of NetworkNewsWire 03/28/17 12:15:50 PM
#5028   IGC CEO Featured in Audio Interview with NetworkNewsWire NetworkNewsWire 03/23/17 09:40:08 AM
#5027   IGC Pioneering New Phytocannabinoid Products NetworkNewsWire 03/21/17 03:08:38 PM
#5026   IGC Files Provisional Patent for Treatment of Eating NetworkNewsWire 03/21/17 10:12:28 AM
#5025   Current Development Pipeline NetworkNewsWire 03/20/17 01:21:49 PM
#5024   Leadership Team NetworkNewsWire 03/20/17 01:20:15 PM
#5023   I've never see a stock with such small strykerdude 03/16/17 06:58:34 PM
#5022   IGC closing in on 3 month high Plenty of cataloop 03/16/17 12:45:21 PM
#5021   IGC medical marijuana people taking notice cataloop 03/16/17 11:53:39 AM
#5020   Unique Cannabis-Pharma Companies Trailblazing the Medical Cannabis Industry NetworkNewsWire 03/16/17 08:43:03 AM
#5019   This looks like it could potentially be a MCMarketShare 03/15/17 09:55:55 AM
#5018   IGC is “One to Watch” NetworkNewsWire 03/14/17 10:44:21 AM
#5017   Chart says bounce from here (chart) sweet crude 03/02/17 12:57:30 PM
#5016   Looks like folks are starting to take notice Lone Wolf 03/01/17 09:39:38 AM
#5015   Sweet!! Just left my terminal for dinner Lone Wolf 02/28/17 07:58:05 PM
#5014   8K out: IGC retires 2.4 million shars sweet crude 02/28/17 07:46:57 PM
#5013   Agree. There's been some nice accumulation the Lone Wolf 02/28/17 09:21:52 AM
#5012   Nice DD...This should erupt soon...NYSE WEED !!!! zino 02/28/17 09:13:13 AM
#5011   Just connecting a couple dots: $IGC Lone Wolf 02/28/17 07:53:18 AM
#5010   IGC medical pot and NYSE listed. cataloop 02/27/17 01:15:15 PM
#5009   Chart ready for rally back into .40's sweet crude 02/27/17 10:19:54 AM
#5008   Lookin for dollars here... zino 02/27/17 09:53:06 AM
#5007   NYSE BIO- WEED PLAY..bought in this afternoon..GLTA zino 02/24/17 03:57:56 PM
#5006   Some good DD there SC. Looking like Lone Wolf 02/24/17 02:51:35 PM
#5005   Hinchey-Rohrabacher Amendment = bullish IGC sweet crude 02/24/17 01:19:38 PM
#5004   First HOD print. Is it beginning? Lone Wolf 02/24/17 11:48:15 AM
#5003   Boom boom come the afternoon!! ;-) $IGC Lone Wolf 02/24/17 11:37:49 AM
#5002   Already showing signs that this is staging for Lone Wolf 02/24/17 11:25:15 AM
#5001   Trump Admin: medical marijuana ok sweet crude 02/24/17 11:21:42 AM
#5000   We're about to bounce!! $IGC Lone Wolf 02/24/17 11:02:52 AM
#4999   Weak hands out, rally time!!! sweet crude 02/24/17 10:30:08 AM
#4998   IGC is medical. This could run to $1. cataloop 02/24/17 09:58:09 AM
#4997   IGC Cannabis-Based Therapy Portfolio sweet crude 02/24/17 09:16:46 AM
#4996   Glad this MJ company is focusing on contras Lone Wolf 02/24/17 09:14:45 AM
#4995   IGC = medical marijuana company sweet crude 02/24/17 08:52:10 AM
#4994   Current spread appears to be the place to Lone Wolf 02/23/17 03:08:02 PM
#4993   Someone kick it!! It looks stuck. lol Lone Wolf 02/23/17 01:39:40 PM
#4992   I am with you Lone WOlf...this thing is Deeznuts 02/23/17 01:09:30 PM
#4991   Look for bounce at .35 to .36 (chart) sweet crude 02/23/17 12:27:35 PM
#4990   Thank you for your kindness and generosity shorties!! Lone Wolf 02/23/17 12:01:00 PM
#4989   Cmon shorties!!! Finish filling me...so I can Lone Wolf 02/23/17 11:52:43 AM
#4988   And hanks for that little dip just now Lone Wolf 02/23/17 11:39:10 AM
#4987   Time to cover shorties. Interest is continuing Lone Wolf 02/23/17 11:37:53 AM
#4986   Hope that 10k block that just got chewed Lone Wolf 02/23/17 10:18:38 AM
#4985   'I-hubbers'...damn auto-correct. Lone Wolf 02/23/17 10:10:34 AM
#4984   Doesn't really matter if I-gunners aren't buying....someone is!! Lone Wolf 02/23/17 10:10:01 AM
#4983   Dollars are coming! $IGC Lone Wolf 02/23/17 09:54:54 AM
#4982   Link back. This has legs!! $IGC Lone Wolf 02/23/17 09:45:06 AM
#4980   Not relevant yet. The markets are still Lone Wolf 02/22/17 02:15:19 PM
#4979   RSI over 70+, look for pullback sweet crude 02/22/17 12:04:10 PM
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