Ann: Drilling Indicates Potential Copper Zone in Summit Porphyry, page-35

First 35 Last

Share
Profile

Follow
nammuldi

3,524 Posts.

341

02/11/15

12:44

Post #: 16307866
Share

Originally posted by zippy1 ↑

888,

That is correct ... too many trading halts eventually gives the market the perception that the BOD can not even (themselves) recognise what is a significant result / announcement versus a normal operation announcement.

BOD are obviously under the impression that trading halts will indicate (that in their opinion) what they have is significant and the the readers simply do not understand (without expertise) what the announcement means.

Multiple trading halts use to be used to create a perception that something big was either happening or about to happen. Unfortunately this is a traditional approach that use to work better many many years ago before our technological society makes much more information available and able to be shared. Nowadays the market knows better ... or if not can research better. The BOD have to change their traditional concepts and move with the times and stop using so many trading halts.

In my opinion this traditional creation of excitement with the use of trading halts should not be used as it has been ... as the only thing that the BOD is achieving is losing investor credibility and faith that they may actually have something here ... this also confuses and frustrates shareholders to the point that they will eventually sell their shares and move on.

The other factor that I recall regarding BOD and their intentions is when they kept announcing (about 1 year ago) that other miners were visiting site and looking at their results (once again to give the perception of what was on hand) ... yet BOD never (I stand to be corrected) subsequently mentioned them again or advised the market that they were no longer visiting site or interested (if this is the case ... which I suspect is so). The BOD are happy to announce positive information and sweep the not so positive ones under the carpet. This gives an indication (as do multiple trading halts) what the BOD are trying to desperately do. In my opinion they are not simply being neutral and doing what they need to do ... the share market is a driving force in all their announcements.

Even the investors (including myself) that thought they were getting an absolute bargain (based on perception at the time) with the $0.01 issue ... would now be wondering why they thought that at the time.

All of the above confuses and frustrates shareholders. I experienced this and sold my shares about a month ago at $0.008, which resulted in a significant loss. I noticed trading halt and wanted to see if my decision to sell was a mistake ... although this does not appear to be the case as yet.

I think that this story will take a lot longer than expected by both shareholders and even BOD to unfold and in the meantime other opportunities will be missed.

Dr J may be able to provide more insight ... although if you read the detail in his email, he advised that he has a hunch / preliminary information indicates that it may be good, but can't be certain until they do more analysis and get more results, which will take time.

Good luck to all holders.

Zippy1

Expand

the difference is with the TH for me is that with most speccy Co there never is a dissappointing hole and by all measures that is exactly what hole 27 is. with the Th it is if they sit down and manage an ann that maximises he possibilty of its potential and work hard on the language BUT ladies and gents the ONLY language that is necessary is a good intersection of economic mineralisation - no other words required.

ICG Price at posting: 0.8¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

Trump is President Again: What Does This Mean for Crypto?

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 112 more messages in this thread...

First 35 Last

Add ICG (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change -0.001(16.7%)		Mkt cap ! $5.133M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$5.418K	1.083M

Buyers (Bids)

No.	Vol.	Price($)
5	2522932	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	3149226	8

View Market Depth

No.	Vol.	Price($)
5	2522932	0.005
10	4430194	0.004
13	19206780	0.003
4	4399980	0.002
3	6199950	0.001

Price($)	Vol.	No.
0.006	3149226	8
0.007	1447760	5
0.008	950160	3
0.009	1033282	3
0.011	350000	1

Last trade - 10.32am 13/11/2024 (20 minute delay)

ICG (ASX) Chart

Ann: Drilling Indicates Potential Copper Zone in Summit Porphyry, page-35

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Overland drilling proves promising for Australian Rare Earths' uranium hopes

Trump is President Again: What Does This Mean for Crypto?

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Drilling Indicates Potential Copper Zone in Summit Porphyry, page-35

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Overland drilling proves promising for Australian Rare Earths' uranium hopes

Trump is President Again: What Does This Mean for Crypto?

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News