ICL 0.00% 3.5¢ iceni gold limited

Capital raising at 6c, page-8

  1. 1,853 Posts.
    lightbulb Created with Sketch. 456
    I think they just added over $15mln to their market cap, and raised $1.7mln from chumps based on a few "selected" rocks that they already knew were there last July when they announced them.

    They may have something ....but they need to do a lot of drilling, and that takes time.
    As of now....they have nothing but a vein of quartz near the surface.

    Bet on that with your money if you like.
    At 4c it was a reasonable bet, at 8-10c it's not such great value.
 
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