IDC indochine mining limited

"The company has just released a Review of Operations with the...

  1. 9,308 Posts.
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    "The company has just released a Review of Operations with the Mt Kare project today."

    No - they released that six (6) days ago - what they did release today was the Annual report which if you read in it's entirety says that despite adjustments since July 1st they are effectively broke with directors taking shares in lieu of payment. There are that many shares on issue ( and options to add to that)  that even if Mt.Kare was solid gold and the cost of polishing it was $100 a day by the natives - (who by the way have a very attractive entitlement - sit down money) then the sp would probably not be worth more than 5c. for the next 20 years.

    Of course you can keep pushing it and hopefully get your money back - there is always one more believer out there.
    Last edited by Cabbie: 28/10/14
 
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