If i could summarize icons announcement and shareholder sentiment
icn have spent all their effort getting the gsa that is worth nothing and means nothing
Where all the value is in the certified gas they have ignored trying to find.
They say there is companys with heaps of gas that no one can sell so the gas is worthless
They are going on the most agressive campaign of drilling they have ever undertaken
There last most agressive drilling program came up with one hole with weak shows and if they had drilled it properly they could have tried fraccing & 3 holes that for varios reasons were botched. Millions spent and 0pj realised
These four holes were targetted sweet spots in their most prospective tenemant
Now they are going to unleash this weapon on the not so sweet tenemants and with $17 million dollars will prove 2000 pj to 2p in how long
So they dont drill for gas because the GSA is worth all the money
When they get the gsa and the share price barely moves all of a sudden the proven gas is worth all the money. So they will get the proven gas off all the companies that have spent millions of dollars finding and they cant sell it because its stranded because its worthless.
Am i missing something
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gold coast bulletin report, page-35
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