idc agm summary for newbies! 2mill oz+of gold!, page-12

Hey Stefan

GRY is sitting at a very high $224/Oz of Gold Mineralisation for 2million ounces of gold.

The simple reason is the lack of shares in the market place.

Have a look at the Percentage of Shares sitting with Institutions, 80%!

IDC's preso states that 40% IDC shares are sitting with institutions, BUT IDC also has a very tight shareholding in that another 19.5% of its shares or almost 90million shares are sitting in Escrow on behalf of the share holders.

AND the fact that the Top 20 Shareholders in IndoChine hold 78% of the stock. They may not all be institutions and hedge funds, nevertheless, they are major cornerstone investors and shareholders in most cases do not sell out of a company until it has reached maturity and well after production commences.

The fact that our Share Registry is also right means we will also benefit from this once the JORC Resource is announced. I am expecting that once we have an official JORC Resource, as a worse case scenario, even if they dont find another single spec of gold and only 2million ounces is the JORC Upgrade at the higher $950/Oz. We are currently significantly undervalued. Why? Unknown and Unloved!

I am only expecting that our market cap, which is currently sitting at $35/Oz, to increase to only the Australian Gold Explorer Average of $135/Oz.

On top of this, IMHO, we should also benefit from the same thing Gryphon has benefited from, a tight share registry.

Due to the simple fact that if a SINGLE investor whether they are private or a hedge fund wants to buy up $100,000 worth of shares in IDC, and they are staring at today's Sell Orders in COmmsec, then the share price will rise to 18c. With just one single purchase transaction.

Now imagine 10 or 20 or 50 or 100 purchases happening on the same day once this company's market awareness spreads with an official JORC Resource!

Of the 491,000,000 shares outstanding, 81million are held in Escrow for the landowners, and the Top 20 Shareholders own 371,000,000 shares. This leaves 39,000,000 shares to be traded at any one time! THAT'S ALL!

Of course,market dynamics will come into it, where shareholders who bought in early will begin to offload shares etc, but because 78% of the shares are held by the Top 20 shareholders, who in the majority of investments, do not sell all their investments at the drop of a hat, this sets the scene some very exciting times for IDC!

This is just my opinion, DYOR!

Cheers Nectar