ICN 0.00% 0.6¢ icon energy limited

money, rig and a plan, page-10

  1. 17 Posts.
    I agree that we are not dealing with BHP and as such should net expect 1st rate presentations and such, but on a whole I thought is was all go and promising, there was a lost of stuff about geology & drilling that went over my head (wish I paid more attention at school now) But What I took at of that was:
    - Drill contract signed
    - Drilling to commence 1st of Feb (pending any delays that Tru engery may have & that sounds fair)
    - I did note that this rig had note previously been used for coal?? But had been pasted by there inspections
    - every thing else was in place for drilling ie, land cleared etc – But some things still on the high Seas??

    - 20m will not complete Drilling program, but are in negotiation for other funds that may result in not needing the last 10
    - if Drilling not finished by Sept have to hand back I think a 1/3 of that site?
    - RM hinted at knowing what was going on with the share SP & was disappointed & could not say more??
    - RM also say would be buying share in his super fund if certain negotiations had been completed?? but as such was not allowed to do so what dose that mean is he telling us to buy
    - The 20m options at either 125% of SP value at time of tranche or at 95% of SP at conversion.

    I would say this was more so info on actions then promises that could be broken, though have not been around long enough to see all the other broken promises
 
watchlist Created with Sketch. Add ICN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.