IDC indochine mining limited

3 dead in clashes at porgera, page-6

  1. 246 Posts.
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    Tachyon_Nova,old mate,I work on the premise that when a company gets to a point where it is difficult to justify an investment it's time to quit.IMO IDC has reached that point.The GP is down and doesn't look like a recovery is imminent.The extraordinary capital raising in the last couple of years haven't inspired much confidence in a long term plan either.Now there are about 1billion shares @ <5cents,what have they been doing? I recognise they have been caught in a dreadful market but that's reality,tough luck but accept it The company has also changed it's approach as to how it intends to mine.It's been spending a load of money and still isn't near it's resource target.Considering they inherited a terrific data base from the Carpenter Pacific days it doesn't inspire much confidence either.IMO investors will take the Porgera unrest as a real negative to investing .I don't see how the African situation has any bearing on IDC.I don't rate IDC but you obviously do I'm probably wrong ,I hope I am!
 
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