UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2++)*
Idaho General Mines Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
451272306
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(CUSIP Number)
Clint Coghill
Coghill Capital Management
1 N Wacker Dr. Ste. #4350
Chicago, IL 60606
312-324-2000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 31, 2006
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule13d-1(e), 13d-1(f) or 13d-1(g), check the following box.
[ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
++ Please note that this amended filing incorporates changes to Items 4
and 5.
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CUSIP NO. 451272306 13D PAGE 2 OF 7
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
CCM Master Qualifies Fund, Ltd.* 98-0363044
Coghill Capital Management, LLC.+* 36-4313801
Clint D. Coghill+*
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)[ ]
(b)[x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
CCM Master Qualifies Fund, Ltd.* - Cayman Islands
Coghill Capital Management, LLC.+* - Delaware, USA
Clint D. Coghill+* - USA
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7 SOLE VOTING POWER
0
NUMBER OF ------ -------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 12,518,300
OWNED BY
EACH ------ -------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH
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10 SHARED DISPOSITIVE POWER
12,518,300
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,518,300
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.17%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CCM Master Qualifies Fund, Ltd.* - CO
Coghill Capital Management, LLC.+* - IA
Clint D. Coghill+* - IN
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CUSIP NO. 451272306 13D PAGE 3 OF 7
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Schedule 13D
Item 1. Security and Issuer.
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This statement relates to the Common Stock, of Idaho General
Mines Inc. (the "Issuer"). The address of the Issuer's principal offices
is:
10 N. Post Street, Suite 610
Spokane WA 99201
Item 2. Identity and Background.
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(a) The name of the reporting persons are: CCM Master
Qualified Fund, Ltd*, Coghill Capital Management, LLC+*, and Clint D.
Coghill+*.
(b) The address of principal business office is:
1 N. Wacker Dr. Ste. #4350
Chicago, IL 60606
(c) Coghill Capital Management LLC+*, is an SEC registered
investment advisor.
(d) During the five years prior to the date hereof, CCM
Master Qualified Fund, Ltd*, Coghill Capital Management, LLC+*, and
or Clint D. Coghill+* have not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors).
(e) During the five years prior to the date hereof, CCM
Master Qualified Fund, Ltd*, Coghill Capital Management, LLC+*,
and or Clint D. Coghill+* have not been a party to a civil proceeding
ending in a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding a violation with respect to such laws.
(f) Coghill Capital Management, LLC is incorporated in
Delaware, USA.
Item 3. Source and Amount of Funds or Other Consideration.
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Working Capital of CCM Master Qualified Fund, Ltd.*
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CUSIP NO. 451272306 13D PAGE 4 OF 7
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Item 4. Purpose of Transaction.
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The reporting persons have filed this amendment to disclose
that, while they continue to hold all shares for investment purposes,
Coghill Capital Management, LLC has contacted the Issuer's management
to bring to its attention possible business combination transactions
which may be of interest to the Issuer. Except as set forth above, CCM
Master Qualified Fund, Ltd*, Coghill Capital Management, LLC*+, and or
Clint D. Coghill have no present plans which relate to or would result
in:
(a) The acquisition by any person of additional securities of
the Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries;
(d) Any change in the present board of directors or management
of the Issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or
dividend policy of the Issuer;
(f) Any other material change in the Issuer's business or
corporate structure;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions, which may impede the acquisition
of control of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted
from a national securities exchange or to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national
securities association;
(i) A class of equity securities of the Issuer becoming
eligible for termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange Act of 1934; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
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(a) CCM Master Qualified Fund, Ltd*, Coghill Capital Management, LLC+*,
and Clint D. Coghill+* have beneficial ownership of 12,518,300 shares
(28.17%). Included in this number are 4,250,000 shares to which CCM
Master Qualified Fund, Ltd*, Coghill Capital Management, LLC+*, and
Clint D. Coghill+* have the right to acquire.
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CUSIP NO. 451272306 13D PAGE 5 OF 7
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(b) Number of Shares as to which CCM Master Qualified Fund, Ltd*,
Coghill Capital Management, LLC+*, and Clint D. Coghill+* have:
(i) sole power to vote or to direct the vote:
0 shares of Common Stock.
(ii) shared power to vote or to direct the vote:
12,518,300 shares of Common Stock (28.17%).
(iii) sole power to dispose or to direct the disposition:
0 shares of Common Stock.
(iv) shared power to dispose or to direct the disposition:
12,518,300 shares of Common Stock (28.17%).
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CUSIP NO. 451272306 13D PAGE 6 OF 7
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(c) September 27, 2006 CCM Master Qualified Fund, Ltd*
purchased 10,000 shares at $1.921 per share on the open market.
September 28, 2006 CCM Master Qualified Fund, Ltd* purchased 90,000
shares at $1.988 per share on the open market. September 29, 2006 CCM
Master Qualified Fund, Ltd* purchased 100,000 shares at $1.99 per share
via private purchase and 100,000 shares at $1.99 on the open market.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Undertakings or Relationships with Respect
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to Securities of the Issuer.
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N/A
Item 7. Material to be Filed as Exhibits.
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None.
Explanation of Responses:
*The reporting persons disclaim beneficial ownership of the securities
except to the extent of their pecuniary interest therein.
+ Principal of the investment manager or investment manager to the
investment management entity in whose account the reported securities
are held.
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CUSIP NO. 451272306 13D PAGE 7 OF 7
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is
true, complete and correct.
Date: October 31, 2006
/S/ Clint D. Coghill+*
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Clint D. Coghill+*
/S/ Coghill Capital Management, LLC+*
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Coghill Capital Management, LLC+*
/S/ CCM Qualified Master Fund, Ltd.*
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CCM Qualified Master Fund, Ltd.*