Fishinnick - I don't think Beans meant that personally and aimed at the content of your post rather than at your handle. I find your posts fishy too. Let me lay out the reasons:
Your disclosure states 'no stock held' and your sentiment is 'sell'. While that does not disqualify you from having an opinion on this forum, the quality of your posts is very low, and seem more like a downramp than a measured opinion. I believe that posts on hotcopper can influence thinly traded stocks such as Icon and do indeed question your motives.
Of course it would be better to see how the project is to be funded. I believe that uncertainty is reflected in the current price.
Icon expects to have 2-4 Mil of income when production starts and from where I'm sitting, it has a carefully staged production plan for Mt Carbine, with income from the previous stages going a long way to fund the subsequent stages of development. That was the main reason I bought into Icon a while ago. As a metal, tungsten is comparable to REs. I've been in REs since last year and recently sold my RE holdings to invest partially in Icon. Tungsten is in my view the 'undiscovered' (in the sharetrader sense, not the chemical sense) RE.
What I hope to see in the future is an offtake agreement, preferably with cash upfront. What I hope not to see is a 'private' placement to 'sophisticated' investors leading to the sort of pain for current holders that the ARU folk are currently experiencing.
As it is, my Icon holding is still up in excess of 100%. If you read the chartist from last weekend correctly, they predicted some resistance around 20c (currently having that IMO); again more resistance around 25c, and then blue skies. Be that as it may, I think Icon has a future and will willingly open my wallet on further drops.
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