ICN icon energy limited

all the gas experts, page-5

  1. 70 Posts.
    good to see i am touching a raw nerve ..i know ICN well & it is not worth its current mkt cap on its very early prospective adventures ,admin cash burn & sky high wages are just plain unacceptable in the new corporate world , a bond uni professor walks into a oil & gas company & gets $355 k a year & it took 3 1/4 reports to get it 100% correct..come on.. ,& yes IF a big IF they come up with any commercial bluesky gas it will be a MIN of 5 years to build a pipeline & actually make a profit ..QLD gas mkt is a wash with sellers, ICN ground is miles away from the LNG bubble talk at gladstone so ICN is aiming for the chicken feed QLD gas mkt crumbs..compare VPE & ICN it is chalk & cheese ..VPE is value ICN is over valued i dont knock ICN for a great run but current mkt cap ..no thanks...no pipeline & your stuck with potential stranded gas..& there is no shortage of gas & unlisted CSG plays for sale & bubble prices for reserves have come & gone..if anyone left to be taken over is most likely AOE ...
 
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