If the company does not get behind this phosphate chance, then I fear it will be the end for Inca. They have certainly gotten the last of my dollars.
The capital needed to find, and firm up a copper deposit, will mean massive dilution and more time than I feel many of us have left in the tank.
Only the less experienced holders would walk away from phosphate in order to chase the illusive CU/AU dream.
The dream can still be chased after we establish an income from phosphate.
This year will be make or break for many long term holders if they do not see positive possibilities from this company, and I personally, will be making a very firm decision one way or another about my holdings.
I am tired of watching other companies make good while I, through a sense of misguided loyalty, hang in loosing more and more money.
We need a very good partner for the phosphate and a new person, with conviction, driving the company forward.
With so many people unhappy with Ross's past leadership, and the fact that he has been demoted from MD, if I was him I would be out of there as soon as possible. Gareth can carry his bags.
With Ross gone the company will have a very good chance of finally coming to something worthwhile in this new mineral province in Oz.
GLTAH.
Lockitt
ICG Price at posting:
2.3¢ Sentiment: None Disclosure: Held
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