Nice one nectar - I respect your interpretation of the PFS which different to mine and other peoples. I am a fan of IDC at 7 cents.
With all the millions of things that could go wrong as I personally believe I identified "subtly" in my reading of the PFS. I am prepared to pay 7 cents. Today as I see it this share is absolutley NOT a 12 cent share. I can name 50 other shares in the 10 cent range that have a quicker upside and low risk. It just depends on how you read the PFS.
CLEAR YOU HEADS PEOPLE AND GET OUT OF THE CASINO
Where were the other 47 hole results to be delivered with the PFS. Those holes have definately been tested in the Lab - so whats the problem???
This is PNG at 5000 metres altitude with rain every day, roads that need to be built, ABSOLUTELY NO guarantee of a JORC upgrade AT ALL. Hypotheticallly similar geloogy to Porgera ON PAPER. This project is NOT down the road at South Perth. This is a dangerous speculative buy, there is no other way to put it
A share is absolutly only worth what it is worth to you today. And for whatever reason, a lot of people have decided that they are not happy with the PFS and have questions. You make money buying low and selling high. Not buying at 12c and selling at 7c or 5c.
The way I read that PFS is that it is a VERY VERY risky wild ride investment in PNG at 5000 metres with No roads and a long Pay Back period and NO guarantee of an upgrade today.
You could make money or you could absolutley do your shirt and folks inferring gurantees should state the discalimer TWICE. Hold and Hope on a wild ride or take your 12 cents and see if you can maybe get in with a less risky price, say 7 cents - then the risk might be worth it. Should revert to 15 cents in a few weeks or drop to 7 cents or 5
IDC Price at posting:
11.9¢ Sentiment: Sell Disclosure: Not Held
