No effecto on SP???, page-13

First 13 Last

Share
Profile

Follow
grubarura

4,944 Posts.

10

08/04/18

08:27

Post #: 32296867
Share

Originally posted by maxter ↑

Chunts! That's rude. ICG has way too many shares on issue. That's directly relevant to its exploration history and historic mode of Capital Raising to fund same.

Let's face it while I'm a little bullish on most recent play, there in fact was no way this company could have realistically raised the capital they just have by way of another share issue based CR without smashing the current SP into the ground. By getting a well respected name with a history of making wining commercial decisions in the market instilled with some confidence in the resource but will play wait and see. The sting is that when it all lines up holders will hand over a huge part on "The Greater Riqueza Project" to these "white knights".

I personally have had two opportunities to exit while ahead, once in Chanape and once in Requeza but elected not too. Foolish in hind sight? probably.

What we now know is that the Greater Riqueza Project is a big prospect along the same structure as 10 existing commercial mines. Also it contains commodities that are on up cycle in demand. It will require a big house to take it to production.

To me last week was the first real step forward in that direction. I suspect that if this resource gets through the next stage we again will see profit on our otherwise long lost "speculative buy in". It may be that AA and the share holders club will have its day in holding or banding together for a good return.

Expand

I am with you Maxter
And looking at AQD cooperation with S32 history it seems win win situation even with the minor partner winning more not like some JV where the minor is "screwed" as much as possible (see TLM)

ICG Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

AFP

AFT Pharmaceutical's multi-billion R&D opportunity

DBO

Diablo expands critical minerals footprint at Star Range

PL9

Prairie Lithium advances towards first production as commercial DLE unit arrives

Expert Exchange: SpaceX plummets back down to earth after explosive IPO debut

LISTEN: HotCopper's Penny Drop Podcast #1 – Uranium deals, PFS misses, & an Ebola opportunity

Expert Exchange: The Kouk on Michelle Bullock's legacy as RBA Governor

LISTEN: HotCopper Wire Podcast #052 – A big, juicy gold megamerger

KLV

Klevo Rewards advances stablecoin strategy with credit licence acquisition

OMA

Omega Oil & Gas kicks off play-defining drilling campaign at Canyon-3

HotCopper Highlights, Week 31: Pilbara Minerals, BrainChip and 4DMedical spark fresh investor interest

First 13 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

No effecto on SP???, page-13

Top Stories

AFT Pharmaceutical's multi-billion R&D opportunity

Diablo expands critical minerals footprint at Star Range

Prairie Lithium advances towards first production as commercial DLE unit arrives

Expert Exchange: SpaceX plummets back down to earth after explosive IPO debut

LISTEN: HotCopper's Penny Drop Podcast #1 – Uranium deals, PFS misses, & an Ebola opportunity

Expert Exchange: The Kouk on Michelle Bullock's legacy as RBA Governor

LISTEN: HotCopper Wire Podcast #052 – A big, juicy gold megamerger

Klevo Rewards advances stablecoin strategy with credit licence acquisition

Omega Oil & Gas kicks off play-defining drilling campaign at Canyon-3

HotCopper Highlights, Week 31: Pilbara Minerals, BrainChip and 4DMedical spark fresh investor interest