Allens, Truth is a defence to many thingsI have no worries about authorities investigating. That may or may not be the case for others. Yes, I know a lot more than I am saying but that is as it should be, for now.
Originally posted by DevilinDetail
My dear Kalenn,
It simply serves no purpose to rewrite history in order to paint yourself and/or your allies in a better light.
The facts are the facts.
The Frewena Project drilling programme was developed by the old management, taking input from a number of externals/stakeholders such as Rob H and possibly yourself. While the (up to) 1km drill holes where being drilled there was no outward signs of concern from you or others. Once the drilling had finished - the mulit-millon budget spent - and it apparently became known to those close to the drilling that the results were nowhere near what was hoped for, the ** between certain people resulted in some of you distancing yourselves from Inca Minerals.
No matter how you try to spin it now, you were a (junior) member of the group which took decisions that lead to the ill fated and overbudget program for Frewena.
If indeed there is some background to this episode which we on the outside are not privvy to, then you should either let us know so that we can all better understand the circumstances, or if you are not willing, then I would kindly suggest you refrain from any further mudslinging.
In life you (hopefully) learn from situations which happen at certain periods and ... you move on.
You dont go back to former work premises and try to tell your former colleagues how well you did your job but you were not appreciated - no one cares!
We old timers who have gone through the ups and downs of Condor/Inca over more than a decade, do not really need to be exposed to blame games and immature finger pointing and 'I told you so's' in this forum - I would much rather learn from the serious posters with something of substance to say. I used to enjoy your young adventurous spirited posts in the early days......
As a last comment for the readers - it is my belief that PHOSPHATE will ultimately be Inca's cash cow.
Management should push this to the front of the priority list (if not already done so)!
There you go again....'over budget'! Where is it stated in any company announcement that the Frewena program was over budget? It was under funded and that is a substantial difference. The current board were in place when all those plans were made then changed. Only one of four board members has changed. It's a story you people (or is someone feeding you that story to deflect responsibility?) have made up to change the narrative. There are some personalities on that board that I can't imagine ever being quiet during a decision making process. If they were to claim it wasn't their decision I'd be skeptical.
The only wastage I ever saw was the failure to follow through on plans to explore a major new province. It required serious resources and they weren't deployed.
But I realise that 'true believers' are never going to have the discrimination to evaluate this dispassionately. The sad thing is that the mistakes will likely just get repeated. How many years do you think they can continue to blame Ross Brown for?
PS Phosphate, Avenira hold the core higher grade section of that deposit, they let the bits that Inca have built their resource on drop. I agree it is of some value but what is the market cap of Avenira? How much is Inca phosphate really worth? How is the phosphate going to pay for other projects? Inca have debt and liabilities but little cash and no apparent plan to get any. That is the problem IMO, other than the constant switching of plans.
PPS The biggest wastage IMO opinion is the continued outflow to Peru when nothing appears to be happening over there and trying to run multiple projects with no budget.
Have a good day.
- Forums
- ASX - By Stock
- 2023 - the year for ICG
ICG
inca minerals limited
Add to My Watchlist
11.1%
!
0.8¢

Allens, Truth is a defence to many things :) I have no worries...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $12.61M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.8¢ | $23.31K | 2.541M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1491026 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 3663614 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1491026 | 0.008 |
6 | 1694047 | 0.007 |
11 | 5452455 | 0.006 |
11 | 4109603 | 0.005 |
9 | 13542588 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 3663614 | 3 |
0.010 | 6706599 | 13 |
0.011 | 875666 | 4 |
0.014 | 1033333 | 2 |
0.015 | 2043906 | 6 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
Featured News
ICG (ASX) Chart |