future dhort term news, good or and bad, page-3

So we are seeing the end of magpie in the ICN forum.
Sadly, he appears to have sold after drawing the wrong conclusions for just about every "point" that he tried to make.

Huge capital raising. What for, how much, when?

Drilling results continue unsuccessful.
What does he know that the rest of us don't? Drilling has only just commenced in Lydia and no results should be expected for at least another week at the earliest.

Loses Beach case pays own and beach's costs. Hearing not until July and what is WORST case scenario? Icon loses 40% of 855, plus costs. Icon will get $8.5 for drilling 855 and $3.5 in a share purchase by Beach. Icon gets a very strong and experienced partner. Icon has only budgeted for 40% of 855.

Time running out to prove gas for GSA. Firstly they don't have to "prove up" ANY gas. Secondly, they have 5 years to go to comply with GSA terms.

LNG in demand worldwide soaks up stocks (hang on thats fact). Sorry, that is totally incorrect. Do some reasearch and see how much gas will be required over next 20 years (life of GSA) and how much is available.

LNG plants costed at 2 billion dollars for small plant 20 billion for mid size (hangon thats fact). It might be fact, but, it is TOTALLY irrelevant to Icon and its GSA. Icon will NOT be building any LNG plant to supply GSA.

All companies have large admin costs, DYOR and check out all of ICN's "peers" and other O&G explorers. And while you are at it check out their Issued Capital by comparison resulting from never ending CR's.

Share price is cheap!!! There we totally agree!!
Then WHY did you sell????

Very sad that people are so cynical and pessimistic that they do not realize that ICON is a MT/LT buy and an extremely cheap buy at these prices.