Tobyjack, For the record it was I who posted those comments. It...

Tobyjack,

For the record it was I who posted those comments. It became very apparent to me that between the 10th-12th July the 'robotic gangsters' I was referring to were placing uneven and constantly changing orders (as they do) between 4.0 & 4.1c.

As Blackrock's disposal of 4,581,644 shares (approx. 8% of their total holdings in IDC) took place between the 1st June and 9th July, your argument that they were the ones selling, though true does not match the time frame to which I was referring. Nice try though.

Whilst we are on the subject of Black Rock and in the spirit of copying & pasting posts from other forums, I thought it pertinent to share another two. Number 2 was posted by me and the first is from a fellow shareholder who claims that he spoke to Mr. Promnitz regarding Black Rock's slight divestment.

1. 'I spoke with Steve Promnitz, since IndoChine Mining is in BlackRock's Gold Fund, and the fund was sold down last quarter they had to adjust their position in all their gold investments, when the gold price fell.

Hence the end of quarter adjustment.

They were disappointed they had to sell out of IDC at this stage of their company making cycle, but they had no choice.

It makes no difference to the project's development. Now that the company has $1.8Billion of Measured JORC Resource, we are well on our way!'
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And this from me

2. Approx. 20% of the register is held by retail & therefore the average volume traded is really very small as a percentage of the total register.
That's great news because it means most IDC holders are investors with a longer time horizon as opposed to the regular traders and weak hands who expected to (and for the most part failed) to make money in the short term.

Because of IDC's light volume it is very easy for the SP to jump around, even if only 1 large buyer or seller comes in.
So don't get too caught up on the daily SP action as it can all change in a whiff.
And when the SP is ready to reverse course for the longer term it may move suddenly 'with great vengeance & furious anger' due to the volatility of the sector we are in.

IMO now could be a nicely timed entry point for a medium/long term investor but DYOR. Not suggesting that we can't go lower but IMO much if not all of the downside/perceived risk has already been built in to the SP.
I'd be concerned if the fundamentals of this project weren't great but there is no reason to be unhappy with the current resource or management.

With regards to Black Rock, IF they were to sell down further (possible but unlikely IMO) then there are always others to fill the void, just like the new investor who bought a large stake earlier in the year.

We need to keep in mind that IDC have a diverse set of large investors, especially for a junior. So IDC are not reliant on anyone in particular. Would perhaps be a different story if Black Rock was the only large investor involved.

Like .... & .. were saying, don't be surprised to see the likes of a Franco Nevada, Credit Suisse or even Sprott Asset Management partner up with IDC, such is the quality and scope of our project.

My point is there is ALWAYS smart money waiting on the sidelines to invest in quality projects. Check out recent quotes from Sprott's Rick Rule.

'You get to participate in success, be it market success or corporate success retroactively, and you get to do that for free. So it’s interesting that even in this time of capitulation, where cheap stocks are getting ridiculously cheap, I am keeping lots of powder dry because I believe that I will be able to provide capital when nobody else will be willing to provide capital to an industry and get warrants.

There is near-term money to be made two different ways. One is in the 18 to 24-month timeframe with regards to the undervalued prefeasibility or feasibility stage development projects.

The other is in the context of companies which have made discoveries and nobody cares. You’re in a market right now where you don’t have to buy these stocks in anticipation of the market’s reaction to news.

You can wait until the good news comes out, study the news, and then make your decision. We’re back in a period like 2000 where good news comes out and stocks go down.

This is the best of all possible circumstances if somebody has a two-year time horizon or a three-year time horizon, and it’s actually a spectacular set of circumstances if you have a seven to ten-year time horizon. This is a lethal set of circumstances if you have a three-month time horizon.

In the period from 1970 to 1975, gold advanced six-fold from $35 an ounce to $200 an ounce, and suddenly over nine months it gave up $100, from $200 to $100.

Investors who didn’t have either the cash or the courage (or better yet both) to survive a 50% cyclical decline in the secular bull market, those who got shaken out at the bottom missed the move in gold from $100 to $850, an eight-fold move over six short years and the move in the equities was even greater. That’s a really instructive lesson.'