ICF is probably quite happy to convert to LionGold because it...

ICF is probably quite happy to convert to LionGold because it enables them to sell into a very liquid Singapore market which has a turnover of about $10 million per day, and guessing that they averaged down to 30c or less with the recent capital raising they could likely recover their paper losses when LionGold gets to about S$1.80 which is a reasonable expectation for one of the hottest stocks in the SGX (according to one of the SGX stock analysts)