Australia's largest stock trading and investment forum Australia's #1 stock forum

ICG

Click for more information

0.00%

0.4¢ inca minerals limited

Ready to drill, page-277

First 277 Last

Share
Profile

Follow
zenvestor

1,937 Posts.

14

28/11/16

18:36

Post #: 20943080
Share

Originally posted by thunder54 ↑

Reality is we just overran on the valuation and actually overran pretty hard, $40million without a permit let along a drill in ground is a pretty outrageous valuation, I don't care how good the sampling is.

Either way even if permit came today or not we were always going to dip, people bought to sell that news, they will now leak out as the give up that trade, I do think there was a genuinely strong assumption that we would probably see the permit come today.

I think most of us have now also with Nov ending come to the realization that unless we see the permit this week we won't see drilling start this year.

To me these things don't matter, but to the traders we are attracting they actually consider a month to be a long time, I think we will settle between 1.3 to 1.6, drifting to the bottom of that range if the permit continues to see no progress.

Expand

Welcome back T54
I like the signature ;-)

Zen

ICG Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

KGL

KGL hits copper-silver-gold-zinc-lead massive sulphide intersection in NT

BC8

Black Cat Syndicate one pour away from being rerated as producer

IDA

Indiana Resources to win US$90M from Tanzania following international lawsuit

There are more pages in this discussion • 16 more messages in this thread...

First 277 Last

Add ICG (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $3.242M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$27	6.79K

Buyers (Bids)

No.	Vol.	Price($)
4	912807	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	2395385	6

View Market Depth

No.	Vol.	Price($)
4	912807	0.004
7	4420446	0.003
3	3699980	0.002
4	5299950	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	2395385	6
0.006	3411110	3
0.007	500160	1
0.008	950160	3
0.009	769000	2

Last trade - 10.04am 29/07/2024 (20 minute delay)

ICG (ASX) Chart