ICN 0.00% 0.6¢ icon energy limited

huge capital raisingdrilling results continue unsuccesfulloses...

  1. 72 Posts.
    huge capital raising
    drilling results continue unsuccesful
    loses beach case pays own and beaches costs
    No sign of a drilling program to supply the GSA (hang on thats fact)
    Time running out to prove gas for gsa (2000pj is a lot and only the first hurdle)
    LNG in demand world wide soaks up stocks (hang on thats fact)
    LNG plants costed at 2 billion dollars for small plant 20 billion for midsize ( hangon thats fact)
    burning 50k per day on admin costs (hang on thats fact)
    on the positive side
    share price is cheap should top up at these prices
    got a gsa (no one seems to value)
    share price is cheap and getting cheaper

    Lets keep the half full scenareo going therefore share price is cheap and getting cheaper and ignore everything else

    These are the reasons ive got out and as each day the decision is vindicated
    Good luck to all
 
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