As a long term holder I have, like many others, witnessed serial under-performance. The Taylor factor and conviction has been positive and another CR was inevitable. The level of subscription to the current CR will be interesting for me as the company’s track record has not exactly made it an appealing investment. An asx listing needs around $800k p.a just to function so a tangible Capital injection, larger than this CR is required to operate let alone drill prospects extensively.
It would be a real surprise bonus for Peru to provide a source of funds like farm-in cash. Either way the current BOD have plans, are genuinely SH focussed and aligned to SH interests with abundant skin in the game.
good to be drilling ….. just hope the CR is a success.
ICG Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
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