Beach.
I don't dispute Ross is a nice guy as you say due we are all nice gus at heart. What I said was directed at performance due dollars invested only. Ross has had performance shares allocated previously but we the holders see little growth. The team Resources Potential were said to be the best I agree but that didn't turn out well for INCA. So whilst yes I promoted quicker drill in Peru to hasten an answer all be it the end product was nil, so yes we would have learnt earlier the end product.
Shortly after the Core pictures were realised for NDI BK04 all were ecstatic about the photos held up and we quickly saw the earlier samples in core trays and reports of trace base metals copper and other.
So what does Ross do he raises $2.8 million by selling 28 million shares at 10 cents and says its for drilling NT & other. Now a year more has passed that money has sat in the account and done little in the way of drilling.
Due we had the path finder from NDI BK04 it would have been aggressive to drill some holes in the vicinity of the NDI BK04 boundary area due we have good knowledge from that core that sulphides were present in the area. So we wasted all last dry season with money in the bank when we path finder knowledge on the area.
Peru, should be drilled more and will be drilled more when available to be done due permits.
It seems we awaited all the ground works said required to pin point frewena but look where that got us in Peru. Everyone says the drill is true proof that for all rock chip & desk studies are useless until the drill proves it.
So the drill had proved it in East Tennant all that is required is further drilling follow up. If the Mount Lamb target is as wide spread as shown then RB should have taken a $1 million of that $2.8 raised and drilled 4 x 1000 meter holes along the boundary of NDI BK04 tenement last dry season due the BK04 hole was the leader and was almost heralded as a discovery hole.
Now here we are again with a year passed no drilling and pretty pictures of drill locations by no other than Resources Potential same as NE Riqueza. But the share price below options price due lack of activity.
Cheers Beach thats my uneducated view.
Allens.
- Forums
- ASX - By Stock
- ICG
- Ann: Landowner Negotiations Successfully Completed - Frewena
Ann: Landowner Negotiations Successfully Completed - Frewena, page-39
-
- There are more pages in this discussion • 431 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ICG (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.066M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $750 | 150K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1200000 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 1055690 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1200000 | 0.005 |
7 | 6929194 | 0.004 |
13 | 18176780 | 0.003 |
4 | 4399980 | 0.002 |
4 | 7199950 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1055690 | 4 |
0.007 | 924600 | 3 |
0.008 | 1201540 | 5 |
0.009 | 1033282 | 3 |
0.010 | 1000000 | 1 |
Last trade - 11.11am 02/10/2024 (20 minute delay) ? |
Featured News
ICG (ASX) Chart |