IDC 0.00% 0.0¢ indochine mining limited

deminished value, page-7

  1. 246 Posts.
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    Hi, Jessejames, With all due respect to you having held on for a long time isn't a sensible reason to hang on to any stock. IMO hanging on or averaging down in a declining market is usually a sure way to lose money. I suspect there are a good few hot copperites in the same position. If you examine the results published by IDC, i.e. including the original feasibility data for the proposed open cut, you cannot reconcile this data with the proposed underground mine unless IDC get very,very lucky with future exploration. Considering the current market for the goldies there are several companies with better credentials than IDC, i,e, with impressive gold resources, unfortunately even these remain stymied in this market. IMO IDC doesn't warrant the risk there are surely better bets. But if you hang in I hope things start to look up for IDC. BOLTA!
 
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