interest fading ?, page-3

Who knows Icu but I reckon they are keeping it all tight to the chest here for a reason. Supposed good drill results, more rigs brought on site and to the same location not other places, selling off prime assets to raise cash (more than $50mm in the tin once sold).

Now if they do have the goods we should see a nice share price move but how quickly and to where? $2? $3? $4? all these would be a market cap of sub $500mm, pretty good for current shareholders but maybe thats low for what they have (look at SFR)?

They don't need to raise cash and its a closely held company (held largely by rich dudes who made a fortune on selling Jubilee in 2007). No-one at the company wants to be prey to anyone for less than what they sold Jubilee for I imagine ($2bn+) - one of my favourite sayings - "a register tighter than a buzzards arse in a nosedive"

This is all conjecture on my part but I think they are onto something big here, are dropping everything to work on it and don't want to disclose anything until they have to and/or its as big as they can report it so as to lessen the risk of a hostile move on the register ala OZL and SFR.

Just my guess and hopes but I reckon its pretty likely