Hey Guys
We need to keep looking at the fundamentals of the business!!!
Contrary to what has been written today by other posters, who I am assuming are trying to buy your shares through fear, IndoChine is cashed up and will not require any form of capital raising!
They have $10million in cash at bank and are spending around $800k-1million per month! So at least 10 months worth of cash at bank!
The latest quarterly announcement states this clearly.
The other advantage IndoChine has is that they have PRE PAID for a lot of the drilling helicopter logistics etc. Which will also assist with their future cashflow.
Don't let these guys scare you out of your shares.
Let them build the business. I saw this happen at SDL GRR ABY and TTY!
Remember IndoChine has used a very conservative $1200/Oz for their selling gold price when calculating the profitablity and size of the current JORC resource! As the price of gold rises so does the price of their future profits and NPV.......:)
PS Keep your eyes peeled for the ECB decision on how much they will print this week. Because this will ensure incredible flow of money into the global financial system, lifting gold to new record highs in coming months.
Stay focused and stay positive!
Cheers Nectar
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