Ann: Amended Release - Alpaca Hill Drilling Progress Update, page-54

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Barry81

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09/12/23

12:14

Post #: 71361359
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Originally posted by Black Cat: ↑

The brutal fact is the company had to -should have switched from Frewena - put that project on hold immediately -conserved capital and for a fraction of the cost of the drill program at Frewena focused on Jean Elsen and Collia for lithium and moved to fast track the heritage agreement for Bramall Hills.
I have no issues with Frewena -I bought stock initially on its potential but to gamble on a wildcat hole and put the company's future at stake because of a certain individual's fixation-who only holds a few shares in the company is reckless.
The market doesn't want copper -and maybe even not lithium right now -but if it kicks as it surely will then the company's share price will at least have stabilised and /or increased and when it's been recapitalised then by all means put Frewena back on the table.

I repeat -to gamble everything on a single wildcat hole is reckless. Failure can only result in one outcome -massive dilution of existing shareholders equity in the company.

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it’s like an obsession to prove themselves right. But that has cost the company a good position from which to make smart decisions.

it is not Inca position to continually drill deep holes unless the are guarantee for success, some what like holders were lead to believe.

leave the deep drilling for bhp or rio.

its pretty evident there is no interest in the current drilling.

ICG Price at posting: 1.1¢ Sentiment: None Disclosure: Not Held
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Ann: Amended Release - Alpaca Hill Drilling Progress Update, page-54

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