In reality why would a placement at 2c be attractive?
The last one done at that price offered investors the prospect of drilling a virgin target with an excellent address and surface mineralisation.
The next does not, the Chanape project has been reduced to roadfill and the board look somewhat incompetent.
More likely is to find a new MD, a manageable project with potential, possibly a name change and a reconstruction and then seek new capital. And soon.. because the money wont last.
ICG Price at posting:
3.5¢ Sentiment: Sell Disclosure: Not Held
