ICG

20.0%

0.6¢ inca minerals limited

Ann: NOTICE OF MEETING PROXY COVER LETTER, page-30

First 30 Last

Share
Profile

Follow
grubarura

11,441 Posts.

579

06/10/20

21:20

Post #: 47894590
Share

Originally posted by PGFin: ↑

Hi Rob,

Thanks for your post. I've had experience with investing in another explorer company a few years ago with a director who also had a similar situation of running a corporate advisory/venture capital firm. In that situation he added no practical benefit to company other than ensuring that it was his firm to conduct the inevitable capital raisings with the predictable motive. Its something that I took note of to avoid in future research into other companies.

I am not alluding that situation is repeated here at ICG, in the case of this director but it has served to be a concern for me when I do come across it with different companies. Sure, potential conflicts of interest can be managed in many situations and I am not fully across Inca at this stage to offer a definitive view. I will say though, that Inca is now at a point when the money men can step aside in preference for the people who have the qualifications, experience and tenacity to discover tier 1 mining assets. This is normally a person with a strong exploration track record, experience in geology and mining. Not deal makers.

Your feedback has been very helpful to me Rob and Grub.

By the way, I did not see said director on the latest top 20 shareholders list. Unless of course he holds under s company name? I would hope he has participated in past capital raisings. Directors need to to be invested to the company (IMO) as skin in game ensures everyone is on same page in so many ways.

Expand

By the way, I did not see said director on the latest top 20 shareholders list.

he would not make it to the top 100 either

ICG Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

CBA breaks trading record on strong day for Aussie financials

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

As Nvidia cools, we're looking to Aussie AI

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

There are more pages in this discussion • 17 more messages in this thread...

First 30 Last

Add ICG (ASX) to my watchlist

(20min delay)
Last 0.6¢		Change 0.001(20.0%)		Mkt cap ! $4.863M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$6.72K	1.12M

Buyers (Bids)

No.	Vol.	Price($)
2	2000000	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	1456033	4

View Market Depth

No.	Vol.	Price($)
2	2000000	0.005
9	10228544	0.004
9	3776780	0.003
3	3199980	0.002
3	4799950	0.001

Price($)	Vol.	No.
0.006	1456033	4
0.007	922850	2
0.008	2450320	5
0.009	515000	2
0.010	700000	1

Last trade - 15.28pm 06/09/2024 (20 minute delay)

ICG (ASX) Chart

Ann: NOTICE OF MEETING PROXY COVER LETTER, page-30

CBA breaks trading record on strong day for Aussie financials

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Shekel Brainweigh investor presentation webinar – the future of retail automation

As Nvidia cools, we're looking to Aussie AI

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: NOTICE OF MEETING PROXY COVER LETTER, page-30

Top Stories

CBA breaks trading record on strong day for Aussie financials

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Shekel Brainweigh investor presentation webinar – the future of retail automation

As Nvidia cools, we're looking to Aussie AI

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News