I notice the 3.8c sell order for 200k has been pulled , thus the 32,000 @ 3.9c is the lowest sell
With rigs being mobilized to site and drilling to start next week, then after next update, one can expect a bit of a feeding frenzy. This could happen as soon as Monday - there is a bitumen road running through the drilling targets, so access is very easy.
ICG have stated that drilling up all 15 R/C holes is dependent on initial results - however we note that they have gone to the expense of preparing all 13 drill pads. A couple of drills from same pad one assumes.
I guess we should know by July 30 - August 2 what the initial results are and if successful then I expect sp could double from present 3.9c [4.3m for sale under 8c]
There are 2,332,000 for sale under 5.1c - over 8 trades to be snapped up. This includes the 1.09m @ 4.4c and I for one do not expect it to remain at 4.4c - rather will move higher.
cheers
ICG Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
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