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ICG inca minerals limited

12.5%

1.4¢

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Lifeisabeach

1,385 Posts.

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28/03/24

22:52

Post #: 73113655
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Originally posted by Acharv.: ↑

The raise timetable got pushed out. Consequently the drilling timetable will move with it. Why would a driller sign up if they know the client is low on cash and is in the process of raising more cash to drill?

As Allen mentioned earlier, it’s been wet up north. It’s been wet down here in Brisbane since Sunday. So drill not starting yet isn’t out of the ordinary. Also, reading between lines, there is still chance of raising more money, through other channels, out of what was not taken up in the raise.

Weather has cooled but the wet hasn’t kicked it yet. Dry season can’t be far away after this long Weekend. I hope so anyway, so that this campaign can get started.

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As far as I am aware the raise is still open to investors due to the short fall. Any good news the shortfall will disappear very quickly. I am trying to find some funds but at the moment it is robbing Peter to pay Paul. My sentiment remains as a buy. Nothing more, nothing less.

Beach

ICG Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Clarifications, page-4

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