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14:30
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Originally posted by nammuldi
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longreach - a very familiar story in any share trading especially the pennydreadful resources. I was stuffing around with icg at the 1.9-2.3c area when they drilled the first holes and got my attention but mainly when the JV possibility arrived. When the potential JV people did not take up the project it sent a clear message to me that the risks now were much much higher for icg and the sp - mainly that icg were going to need more $$ and that the vote by several Cos that maybe it was not as good as icg suggested, or worse icg management tried to hard a deal and they ran away!! - now that would be mngt fault.
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ps - longreach - i meant to also say checkout AQD - that is how to do business - getting several good JVs - let someone else spend the $$ and get a little back onprior costs - their risk to explore are now so much lower than icg - and thier JVs were on pojects with No prior holes.
