ICG 0.00% 0.5¢ inca minerals limited

Capital Raising, page-30

  1. 5,578 Posts.
    lightbulb Created with Sketch. 50
    They have raised about $3.5mill for this project so far since ditching chanape, they also had $550k left over from that project, so they have had access to $4mill+ and in 6months they haven't drilled a single hole, yet have spent enough on sampling to feel the need to raise yet again.

    This is the first time I have seen these guys seriously let share holders down I don't know if these guys just have poor project management are over spending, maybe the bribes are steep in Peru who knows, but if we have got such hot ground as they claim we need to drill it ASAP, stop this excessive amount of mapping and sampling if it's costing too much, we get it already.

    Unless this is some left field where they have been approached by someone with an offer they can't refuse which seems doubtful seeing the dump this morning, stinks like patersons to me I think they just capped the price hard for the foreseeable future.
 
watchlist Created with Sketch. Add ICG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.