IDC indochine mining limited

I think that Forums can be a great way for investors to voice...

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    I think that Forums can be a great way for investors to voice opinions and apply pressure or raise issues. When I wrote to IDC and received no reply, I did notice Empire as Corporate Advisor on their website. This surprised me as I was told on a thread that IDC had broken ties to Empire (obviously misinformation or my misunderstanding)

    Then I read the SMH article which stated Empire have received 15 mill from IDC. Now Mums and Dads, I don't know about you, but when I pay 15 mill to a corporate adviser and that advisor was unavailable to comment because he was in the Mediterranean, I felt somewhat disgruntled.

    I feel more disgruntled when that we payed money to experts in return for a result of some sort but instead of a result, I see a share price that has gone from 7c + to 2.6c. To me does not constitute 15 million worth of sound Corporate Advice IMHO

    The Mums and Dads are putting food in the kids mouths, while those who have not delivered "said advice" are living it up.

    Look I don't want to inflame the situation, but 15 mill is serious coin. Some may say we have been ripped off, but I don't know as I don't have access to the legals. But a falling share price does not constitute a duty of care on a 15 mill investment

    But hey folks you don't get to hang out in the Mediterranean with a big sack of cash if you are a fool, maybe we are the fools. However I will leave this up to the sophisticated investors to sort it out.

    Here is what I would do, put the company under audit to weed out any bad eggs while we either pull off a deal with a JV real quick, or do a cap raising and set up a small plant and start some form of extraction and then reinvest back into progressive expansion.

    In Parallel, give Empire a chance to come good or cut them out of the loop and investigate the 15mill to ensure its legally Kosha. We need to ensure every cent is accounted for, to build trust.

    I have resigned myself to one more purchase to average down in this sock drawer stock.

    IDC need to win back the heart of the people.
    Last edited by The Captain: 17/07/14
 
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