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Ann: PLACEMENT FINALISED, page-72

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JandJ

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17/03/21

10:39

Post #: 51827238
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Originally posted by lumpsum: ↑

I have been to Peru many times and have family living there. From my times there, visiting family, I get to see what daily life is actually like and not just from a tourists perspective. I am just as keen as everyone else here to get the permits approved but have seen first hand, how many things in Peru are overly complex with a high administrative burden, especially with the government, it is very different to Australia. I don't think it's a case of lack of interest from the Peruvian Gov, it's just a different culture coupled with the fact that it's a third world country coupled with massive COVID issues. I also think that by having complex and paperwork intensive processes it keeps people in comparatively well paid jobs, which is beneficial for the country. On one trip we had to do a title transfer on a property, this took two days of queueing and driving to many different departments across the city to slowly go through the process. If you want to buy something from a pharmacy you queue up, wait, ask for your item, ie shampoo, they fill out a piece of paper, you then join another queue, pay, they give you a receipt, you then join another queue, hand over your piece of paper and they give you the item and mark off on the receipt you have received it. On the plus side pharmacies are everywhere and open till almost midnight. I've been here since well before the recently discussed Chanape, but I think today we are in the best position we have ever been in. I agree with some sentiment that we might have been able to raise funds at higher price if we waited, but there is always the chance we would not be able to, a bird in the hand. What we have in the ground hasn't changed, we have money in the bank, we have management that have built up multiple their 1 projects over the last few years and our share price is trending up. It's been a bumpy road, and the Dr has always maintained this will be a marathon, but I'm sure we will all be rewarded.

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Very interesting story. They have also had flooding rains in Peru. Do you know where and if there is a problem where Inca is interested?

Thanks !

ICG Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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Ann: PLACEMENT FINALISED, page-72

The winners & losers on market if negative gearing were gone

The market's shrugged at China's stimulus measures all year. Why is this one different?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

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HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Ann: PLACEMENT FINALISED, page-72

Top Stories

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Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

KalGold rolls out detailed aeromagnetic survey across Pinjin project

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Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ACCC seeks Olam divestments before it can buy Namoi Cotton

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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