jorc up, page-35

Hey Guys

Looking at today's course of sales it was probably a day trader or someone who dumped a parcel of 170,000 shares then another parcel of 185,000 within a few minutes, then may have moved onto another share or taken their investment into cash. There was also third parcel block with 82,000 shares that were sold just before those two large parcels.

Like Klogg said the fundamentals of the business haven't changed.

IndoChine has actually achieved a lot more than most miners on the ASX in its first 12 months from listing. They have gone from a greenfield Cambodian long term exploration program, to a 2.1million ounce JORC gold resource in 12 months. With more drilling to come and another upgrade to the JORC resource in May/June 2012.


This is a crucial step as they complete their Pre Feasibility Study in June 2012 and Definitive Feasibility Study in December 2012.

At current market prices this gold resource is valued at $3.4billion. IDC can now use this resource as a base to build on going forward.

Cheers Nectar