expanding on the sell recommendation, page-6

nectar38, your statements are incorrect as shown evidently on the 'other' thread. This is IDC thread. Why are you discussing other stocks?

I will humor you.

http://www.hannansreward.com/reports/120933-1210-Resstck-World-Risk-Survey-Oct-2012.pdf

http://www.pngindustrynews.net/storyview.asp?storyid=9638205

Oh wait, rank 45 and 59? Please, i didn't even raise sovereign risks in PNG.


Hi Ritche,
IMO, this is the wrong market to be speculating in the exploration phase. IDC results don't have to be just good, they have to be spectacular. Decent results is not enough to justify the capex. It is very hard to know what the market will do as some resources stocks fly while some just plod along even with good results. The key thing is what the company will do if SP rises. They will no doubt try to take advantage of a higher SP hence capping much of the rewards. Need to keep an eye on cash burn. Would be safer if IDC did a 30m capital raising to meet ALL cashflow needs till completion of DFS. Hope you understand what i mean.