I,m way overexposed to ICG, but have topped up recently, as I believe share price gains that would normally have occurred following recent announcements have been unduly influenced by RCF offloading relatively large quantities of shares in a controlled manner,which has been occurring on and off since the disastrous CR late last year.
Hopefully once RCF have finished offloading,some of the great announcements that are due,such as confirmation of the S32 agreement and details of the proposed drilling program will actually result in equitable gains in the share price .Is the current 11.24m market capitalisation for ICG,with great EM results and a forthcoming JV with S32 a fair reflection of the current situation-I don't think so.
Only time will tell,but hopefully patience will eventually reap at least some reasonable rewards for LTH.
ICG Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
