Until the Capital raising began, circa 30 MAY, IDC did follow the other goldies in cycle of moving gold price.
Whereas most gold stocks have bounced up of their lows 30 MAY, the CR sell off coincided with others bouncing off lows.
I was bargin hunting for additional exposure to GOLD.
Is Rising Gold price to be the catalyst to attract a JV partner? or Project finance?
As an explorer / developer it is cheap IMO for the resources in hand. 2.1m oz. 34m MC.
Can they get the 1moz at 10g/t and low capex (100m) high margin debt financed to protect the value of shares on issue?.
The completion of the LIS, next stop mine licencing.
I like the additions to the board, bring the experience to move forward. They certainly wouldn't have signed on to any fairy-tale.
Until the Capital raising began, circa 30 MAY, IDC did follow...
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