IDC indochine mining limited

What we have been seeing over the last few months is the market...

  1. 653 Posts.
    lightbulb Created with Sketch. 16
    What we have been seeing over the last few months is the market testing to find where demand enters.

    This is equivalent to a test or a shakeout!

    So if the big boys are wanting in then possible accumulation phase testing is carried out to test for supply. E.g. If there was a bar in the background where there was previously a lot of selling the professionals could "test" those levels to see if the supply was still present? Then if you had multiple tests of those levels with progressively decreasing volume you could assume there is less supply present (the floating supply has been removed). You might also get a no supply bar which is like a test but there is only a speck of volume (no interest in the downside). They could also do a shakeout which is more of a push down to scare longs into covering their positions or hit stops etc.

    What I'm saying is that the price is being pushing down until it finds demand, at this point we have seen it test 9.5 to 10c on numberous occassions. At each and every occassion we see buying start. There is good support at the 9.5-10c range and this volume doesn't seem to be drying up....so they are getting exactly what they are asking for.

    You don't need the like of me to keep on buying, you need the likes of you to stop selling to them. They are doing what I would like to do and pick up as many shares at possible at as low as possible.

    They wont be able to shake me out of my long term holdings:

    I have 590,982 shares:
    which is 0.075% of the company.
    or 750oz of Gold (if 1moz of gold is produced)
    or 60000z of Silver (if 8moz of silver is produced).

    Current price of Gold is $1570, Silver is $28 a oz.

    So for my $66,000 investment I have $1,177,500 of gold. And $168,000 in silver......All I have to do is wait 3-5 years. Oh yes sorry if the share registry doubles so that we can mine this I will have a total of $672,750 in gold and silver.

    Thats a 1000% increase. Imagine if they produce 2moz of gold.









 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.