interesting opening yesterday and today @ .006 someone certainly wants to buy
there has not been a dump of the new shares issued at .004 - which is really good to see and daresay the tax incentive to hold until after june 30 2025 will be helping this - this for greenfields exploration with a 30% tax offset for money spent up to approx $1.3m so far Inca have not announced any plans for this exploration. Now Inca do not have the funds to spend $1.3m on greenfields, so I expect there will be another CR in Feb/March, ahead of the start of next drilling season. This CR to be available to all shareholders.
The JE drill is very unlikely to happen intime for the Government funding, since has to be completed by Dec 31 - and as far as we know they are yet to select a target, before can submit the MMP. Maybe they can apply again for 2025
So in the absence of a dump from the .004CR then if one wants in, then they have to pay the going price - .006 atm
cheers
ICG Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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