Frugality has its time and place. The decision to 'outsource' the construction of access tracks was made to be cost effective with shareholders' funds. Something to the effect of 'we could drill 2 holes with that kind of money' than build access tracks quick.
How much value has been lost on the Market Capitalisation since that decision? My rough numbers: $500k for the access tracks? (2 drill holes) vs $14Mil lost in Market Cap since about the AGM.
The overly frugal approach is working against ICG's own interests.
Ann: MD's Company Update - December 2021, page-39
-
- There are more pages in this discussion • 605 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ICG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.052M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 650832 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 2411110 | 2 |
View Market Depth
| Last trade - 16.12pm 18/07/2024 (20 minute delay) ? |
| ICG (ASX) Chart |
Day chart unavailable