Who knows Icu but I reckon they are keeping it all tight to the chest here for a reason. Supposed good drill results, more rigs brought on site and to the same location not other places, selling off prime assets to raise cash (more than $50mm in the tin once sold).
Now if they do have the goods we should see a nice share price move but how quickly and to where? $2? $3? $4? all these would be a market cap of sub $500mm, pretty good for current shareholders but maybe thats low for what they have (look at SFR)?
They don't need to raise cash and its a closely held company (held largely by rich dudes who made a fortune on selling Jubilee in 2007). No-one at the company wants to be prey to anyone for less than what they sold Jubilee for I imagine ($2bn+) - one of my favourite sayings - "a register tighter than a buzzards arse in a nosedive"
This is all conjecture on my part but I think they are onto something big here, are dropping everything to work on it and don't want to disclose anything until they have to and/or its as big as they can report it so as to lessen the risk of a hostile move on the register ala OZL and SFR.
Just my guess and hopes but I reckon its pretty likely
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26.5¢ |
Change
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Mkt cap ! $49.90M |
Open | High | Low | Value | Volume |
25.5¢ | 26.5¢ | 25.0¢ | $13.70K | 53.59K |
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No. | Vol. | Price($) |
---|---|---|
4 | 113887 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 47000 | 2 |
View Market Depth
No. | Vol. | Price($) |
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6 | 119887 | 0.250 |
2 | 46951 | 0.245 |
4 | 41203 | 0.240 |
1 | 40000 | 0.235 |
2 | 50000 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 8000 | 1 |
0.270 | 47000 | 2 |
0.275 | 27113 | 3 |
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0.290 | 67818 | 2 |
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