That my view drinking. A good run on enitial sample results, bolting on shear emotion on the last day, retracing and settling on a solid respectable floor of 20 mill MC.
We are so lucky that there was solid churn between CR and trigger announcements clearing a substantial part of the new stock.
Now it's hunker down time while management hone down on drill targets (please be on the money and hit strong commercial veins first round) while the permits gets sorted.
Let's not overlook that less than a year ago ICG closed of prospecting it's flag ship project and was without cash. In short holders at that time were f&%$ed but now and despite a 2 bill share register ICG is a small cap darling again. I was cynical at best that there would be life after Chanape but here we are.
I think wen we talk SP we must never forget the volume of shares on issue. It invites discussion re consolidation and if so when.
I have a holding in a biotec co/ that consolidated at precisely the wrong time (signaled a CR prior to snd had limited forward programe in.place, and it was a disaster (untill new management came on board and IP for promising testing was secured, ironically that co/ is about to 10 bag in the year ahead ). I digress. With Cash in hand, drilling programe getting ready to kick off and solid commercial target metals in vogue is it time to consolidate the register?
I'm the mean time I'm happy to see my holding within range of getting into the black. A great week I feel.
And no I wasn't tempted to dignify those vultures that started Pecking and posting yesterday. Pavlovs dog tests , negative reinforcement won't extinguish behaviour, ignoring it might.
ICG Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
