I was wondering why there is such a large gap to 3c on the sell side and then recalled back in late Feb - early March there was a lot of trading around this level - thus the shares have mostly been sold already.
With only 13,280 shares for sale under 3.4c indicates shares from 3c - 3.4c already taken out too. [I did buy quite a lot in the 3c - 3.3c range last November too - which slashed my average cost]
So this is why there are the gaps to 3c and again to 3.4c - selling side mostly already has happened.
The market setting for ICG November to early March is a lot different to what it is now, with the exploration program just being announced. Early March to early May was terrible for holders and those who sold, but buyers will be happy.
Holders and those who bought recently should be even happier in coming weeks.
Any NT Government contributions for drilling will add to the exploration campaign.
Have a nice weekend
ICG Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
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