Ann: Quarterly Activities Report - amended, page-17

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Searcher2

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14/02/18

13:08

Post #: 31048543
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Originally posted by Rivero ↑

Soon there will be no market depth anymore and this joke of a company will disappear taking all down with it. shame shame . Even if they come up with something from the left field, it will not change the very poor opinion I got of it. Never worked it up, but how much he gets a day? one or two grand? more?! for what? have capuchinos all day!. how can look in the mirror every morning? Hope the arrogance and stupidity it has shown takes you somewhere positive for shareholders victim's sake
I have little by little, very painfully, getting rid of this cancer. Thanks MM for lithium. But I know a lot of people got burnt with this joke of a company and I feel for them. hope they can make up for it somewhere else. Only positive I take is I learnt a lot from it. Bye
GLTA

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Originally posted by gassed ↑

Thanks Searcher2 for keeping this, IMO, very important discussion going.
That last QR report makes me look at the much broader picture than R&D expenses, although I'm sure that must be in the mix.
But, the numbers in that QR are heading towards "Zombie" territory.
No income, increasing (%wise) cash burn, cash in Feb down to closer to $6 million, SP too low for a CR, so, I'm looking at sources of cash.
Getting a backer as they did with HK Prosperous Technology, or, what we have discussed several times previously, asset sales such as the Miami Key building, which we know has been on the market for some time awaiting expressions of interest, which, I believe, expire "in Feb" sometime.
It's like many of our age pensioner home owners, asset rich and cash poor.
Failing which, they have no alternative now but to slash costs again. Champagne taste on a beer budget stuff.
Yes, it's all very simple basic household terminology that is just as relevant to companies as it is to households. Be very disappointed not to see some action in respect of current finances in the near future. Be great if it was that funding cash!! But, if that's not there, can't just simply wait for it to happen. Let's see.

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Where is a functional plan? This silence from the Club House is certainly not doing anything for market confidence.

Searcher2

ICN Price at posting: 2.1¢ Sentiment: None Disclosure: Held
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Ann: Quarterly Activities Report - amended, page-17

Vulcan appoints investment bank and M&A veteran to board

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Utah authorities sign off on Anson's lithium extraction plans at Green River

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

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Ann: Quarterly Activities Report - amended, page-17

Top Stories

Vulcan appoints investment bank and M&A veteran to board

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Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Utah authorities sign off on Anson's lithium extraction plans at Green River

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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