IDC indochine mining limited

SLR IPO'd at 49.5cIn the build up to production, it dropped to a...

  1. 14,914 Posts.
    SLR IPO'd at 49.5c

    In the build up to production, it dropped to a low of 28c

    At first gold pour the stock was trading at 32.5c

    From first gold pour it briefly went up before trading down to a low of 13c

    It wasn't until SLR was well and truelly producting at a steady rate that the share price started to appreciate. And SLR is the best case scenario, there are plenty that didn't even make it and are insolvent.

    My point is, don't assume IDC will simply go up because they plan to produce a profitable gold mine. The market wants to see proof.

    I personally think IDC will make it, but not before some very rough trading.



 
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Currently unlisted public company.

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